
Version 1, changed by Jed. 04/21/2008. Show version history
By Jed at 04/21/2008 03:45PM
Update: Studio Soto has been actively involved in seeking an
appropriate relocation space in Fort Point since we, along with all the
tenants of 49, 51, and 63 Melcher Street were no longer offered leases
there by Archon-Goldman. The Boston Redevelopment Authority (BRA)
visited us in October offering their support, and we have met with them
since. So when the BRA recently positioned us in their initial
negotiations with Lincoln Property, the owners of 316-322 Summer St.,
asking them to create a new home for Studio Soto, we answered them
readily. The BRA invited us to meet with them and view a space Lincoln
Property was offering, which has led to a process of negotiations that
have taken place. Since then, we have successfully negotiated and are
close to an agreement upon a space we can afford, that is triple the
size of our former space on Melcher St. Of course, we will need support
from many sources to build and sustain this in the coming months and
years to come. Our lease terms will at the minimum be five years
initially with two five-year renewals. This will be extremely good news
for Studio Soto, its audiences and supporters, and the Fort Point
community, and we are excited to share it with you. We will keep you
posted and hope to have an announcement soon.
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