Retail Space. The type and quality of tenants allowed in the Retail Space shall be in harmony with the balance of the Project as approved in the reasonable discretion of the City, and shall specifically exclude any offensive or incongruent uses including, but not limited to, the following:
Retail Space. The Leased Space includes the Retail Space identified in Exhibit 2. Retail Space is to be used for the sale of Merchandise at retail to the public.
Retail Space. Approximately 39,860 square feet of first-class, mixed-use retail shopping, which may include, among other concepts, specialty and boutique shops, restaurants, entertainment and other retail concepts.
Retail Space. The number of square feet of retail space in the Premises (if any), whether above or below grade, shall be calculated from dimensioned Architect’s drawings to the inside face of permanent exterior building walls, to the face of permanent interior walls, to the center line of demising partitions, and to the center line of a pre-determined lease line (usually referred to as the storefront line) in the case of retail space facing onto either an interior public mall or corridor or onto a public street or lane. No deduction shall be made for vestibules inside the permanent exterior building walls or inside the pre-determined lease line, or for any columns located wholly or partially within the rentable space.
Retail Space. Lessor will at its expense furnish and install the following improvements in the retail space portion of the Building in accordance with plans and specifications for the Building on the floor and in the area where the retail space portion of the leased premises are located:
Retail Space. The Company is responsible for securing tenants to ensure that seventy-five (75%) percent of the Rentable Retail Square Footage is occupied within one (1) year of the Execution Date. Once seventy-five percent (75%) of the Rentable Retail Square Footage is initially occupied, the Company will maintain an average of seventy-five percent (75%) occupancy of the Rentable Retail Square Footage for the term of this Lease, as documented in annual reports submitted to the City’s Metropolitan Redevelopment Agency showing the monthly occupancy (the “Initial Occupancy Requirements”). The Company is responsible for making reasonable business efforts to recruit tenants up to and including lowering rents, if necessary. If the Initial Occupancy Requirement is not met, a fee of 5% of the abated taxes shall be made payable to the City for the noncomplying year. EXAMPLE CLAWBACK, ONLY INCLUDED IF PROJECT INCLUDES RETAIL – if not, “Intentionally Deleted”
Retail Space. Developer agrees that a portion of the R&D Development Property consisting of approximately 3,500 square feet of retail space (the actual layout and location of such space to be determined by Developer) (the “Retail Space”) shall be open to the public during Developer’s business hours (from 9 a.m. to 5:00 p.m.). This obligation shall commence upon the issuance of the certificate of occupancy for the Retail Space and when the Retail Space is open for business and continue until such time as the Retail Space is vacant because a tenant cannot be found despite commercially reasonable efforts to market the space at a commercially reasonable rent for three years.
Retail Space. The requirement for dedicated retail space within the Project as set forth in section 5(1) of the Original MAR and section (3)(g) of the Second Amendment is hereby deleted from the Agreement.
Retail Space. Tenant shall use the Retail Space portion of the Premises only for retail uses customarily permitted in comparable first class office buildings in the Boston Central Business District from time to time, and for no other purpose. Subject to applicable law, Tenant may also use portions or all of the Retail Space for offices in connection with the conduct of Tenant’s and its Affiliate’s business.
Retail Space. Approximately 670,000 square feet of retail, restaurant and entertainment space, comprised of the 134,000 s.f. neighborhood shopping center that Developer has already constructed and leased on the site (the "Neighborhood Retail Space"), plus approximately 536,000 s.f. of additional retail, restaurants and entertainment space (the "New Retail Space"), including, among other concepts, stores and offerings, high-end specialty and boutique shops, casual and full service dining restaurants, with the intent to attract some first to market retail, entertainment and restaurant concepts. The New Retail Space has been increased in this document from 490,000 square feet to 536,000 square feet. At least 44,000 square feet of the New Retail Space will be a contractual commitment in Phase 1 of the Project, if the conditions are met and the City issues STAR Bonds. Developer further agrees that at least 134,000 square feet of New Retail Space that must be delivered as the "Minimum Improvements" for Phase 2. The 44,000 square foot commitment in Phase 1 is reduced from 48,000 square feet in the 2019 document.
