EXCLUSIVE: Amid Re-development of Kingsbridge Armory, Rents To Double For Some In August
By David Cruz The Norwood News has learned rents have doubled for small business owners just across from the Kingsbridge Armory, in a move that’s considered a first major push to weed out retailers on the eve of the Armory’s redevelopment. The move foreshadows a possible trend in the working class neighborhood that could see an exodus of existing retail tenants. Retailers at over a dozen diners, stores and other retail establishments were sent a letter by New Kingsbridge LLC informing them that rents will double come August 1. The news has stunned many business owners in the working class
