The New York Times editorializes the closing of the Starbucks at Market and Broad, citing its opening eight years ago as “a herald of the city’s resurgence.”
…Joe Hallinan, regional vice president, says the branch has actually been losing money. Now that the company has hit tough times, he says, there is no alternative but to include the outlet among the 600 that the company will close.
Perhaps. But the area shows strong signs of growth. A luxury apartment building is almost filled, and construction is about to begin on a new residential loft building. The recently opened arena, the Prudential Center, is bringing people in on nights and weekends.