- American City Business Journals•10 days ago
A group of Reston Town Center merchants exploring legal action against owner Boston Properties over paid parking may struggle to make a strong case. A Boston Properties spokeswoman said the possibility of paid parking, which went into effect Jan. 3 after being free for 26 years, was written into all retailer leases. "Every single lease, without exception, includes language about paid parking," Kathy Walsh, director of marketing for The Fallston Group, a crisis communications firm representing Boston Properties in the parking rollout, told me Thursday.
- American City Business Journals•12 days agoSend lawyers and money: Reston Town Center merchants organize for potential battle with Boston Properties
A group of Reston Town Center merchants is exploring legal options and gathering cash to investigate whether it has a case against town center owner Boston Properties (BXP), whose new paid parking system has led to what retailers say is a noticeable drop in business. Attorneys spoke to about three dozen Reston Town Center store owners, managers and residential tenant association representatives at an organizing meeting on Monday. Tensions have been high and customers and receipts low since paid parking went into effect there Jan. 3.
- American City Business Journals•16 days ago
Big Bowl Vice President Aaron Mervis said he has watched his receipts shrink since Jan. 3, when Boston Properties Inc. began charging $2 an hour for parking at Reston Town Center. Mervis is one of the organizers of a merchants' meeting at Reston Town Center on Monday. After 26 years of free parking, Boston Properties began using an app-based system to deter commuters from using some of the town center’s 7,000 garage spaces as daily parking for the Wiehe-Reston East Metro station, located more than a mile away.
BXP : Summary for Boston Properties, Inc. Common - Yahoo Finance
Boston Properties, Inc. (BXP)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||135.73 - 137.50|
|52 Week Range||112.38 - 144.02|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||42.21|
|Dividend & Yield||3.00 (2.19%)|
|1y Target Est||N/A|