Professional Documents
Culture Documents
!
!
!
"#$%&'$$!()*&!'+',#-%.'!$#//*01!
2*))!3456!
!
Contributors
TheProjectforPublicSpaces
ProjectforPublicSpaces(PPS)isanonprofitplanning,designandeducationalorganizationdedicatedto
helpingpeoplecreateandsustainpublicspacesthatbuildstrongercommunities.Ourpioneeringplace
makingapproachhelpscitizenstransformtheirpublicspacesintovitalplacesthathighlightlocalassets,
spurrejuvenationandservecommonneeds.Foralmost40yearsPPShascompletedprojectsinover
2500communitiesin40countriesandall50USstates.Partneringwithpublicandprivateorganizations,
federal,stateandmunicipalagencies,businessimprovementdistricts,neighborhoodassociationsand
othercivicgroups,PPSimprovescommunitiesbyfosteringsuccessfulpublicspaces.
DavidONeil,InternationalMarketConsultant
Davidisaninternationalmarketconsultantandexpertinthemanagementanddevelopmentofpublic
marketsandrebuildinglocaleconomies.InadditiontoservingasthePPSSeniorMarketConsultant,
DavidistheDirectorofthePublicMarketCollaborative,anetworkofindividualsandorganizationswho
plan,design,developandoperatepublicmarkets.HeisalsoaninstructorfortheU.S.Housingand
UrbanDevelopmentsNeighborhoodReinvestmentCorporation,teachingacourseinmarket
development.DavidistheformerGeneralManageroftheReadingTerminalMarketinPhiladelphia,
wherehedirectedtheoverallmarketrevitalizationfortenyearsandwasacontributingwriterand
advisortotheUrbanLandInstitutesrecentlypublishedbook,PublicMarketsandCommunity
Revitalization.
LarryLund,RealEstatePlanningGroup
LarryandtheRealEstatePlanningGroup(REPG)workwithteamsduringthecreativeprocesstoensure
thatideasareeconomicallysustainableinthemarketplace.Larryisskilledatanswersthequestion:is
theresufficientmarketcapacityandhowtomaketheprojectbetter?REPGclientsaremunicipalities,
developers,andretailers,aswellasarchitectsandplanners.Theirassistantisparticularlyhelpfulinthe
conceptualstageandprovidessupportinthepublicandprivatereviewprocess.Larryspecializesin
publicfoodmarketanalysisandGIStechnologies.HeproducedtheHuffGravityanalysiscontained
herein.
In2001,agroupoffoodlovers,producers,andstateandcityofficialsgatheredtobeginwhatwould
becometheBostonPublicMarketAssociation,a501(c)3organizationthatwouldgoontoruntwoof
BostonslargestfarmersmarketsandsuccessfullyadvocateforayearroundBostonPublicMarket.In
2012,theAssociationwasdesignatedbytheCommonwealthasthedeveloperandoperatorofBostons
PublicMarket:a28,000squarefootindoorretaillocationonthegroundflooroftheHaymarketT
stationbuildingabuttingbothBostonsGreenwayandGovernmentCenter.
TheBostonPublicMarketprojectisapartnershipbetweentheBoston Onceopen,theBostonPublic
PublicMarketAssociation,individualandcorporateinvestors,
Marketwillbetheonlylocally
foundations,theCityofBoston,andtheprojectsseedfunder,the
sourcedmarketofitskindinthe
CommonwealthofMassachusetts.TheCommonwealthidentifiedthe
UnitedStates.
locationaslowtonorentatanestimatedrentalvalueof$2.1million
peryearandGovernorPatrickappropriated$4milliondollarsinState
fundingfortheinitialbuildoutoftheinteriorspace.TheBostonPublicMarketiscurrentlyraising
additionalfundsinordertoreachthe$15.5milliondollarsintotalcapitalnecessarytocompletethe
projectandopenthedoorsin2015.
TheBostonPublicMarketwillbeapermanent,yearround,selfsustainingmarketthatprovideslocal,
healthyfoodtoconsumersfromallincomelevels,andthatenrichesourcommunity.Itwilleducatethe
publicaboutfoodsources,nutrition,andpreparation.Themarketwillofferfarmers,fishermen,and
specialtyfoodproducersinMassachusettsandthroughoutNewEnglandavibrantBostonmarketplace
withhighvisibility,foottraffic,andagrowingresidential,professional,andtouristcustomerbase.The
Marketplacewillincludeakitchenclassroomforcommunitydemonstrationsandprogramming.Our
nonprofitmodelassumesabreakevenoperatingmargin,existingsolelytocreate,run,andpromote
themarketplaceandprovidefortheeducationofourcommunity.
Vendorswillofferanassortmentoflocalproductsinpermanent,temporary,anddaystalls.Products
willincludefarmfreshproduce;meat,poultry,andeggs;cheeseanddairy;fishandshellfish;breadand
bakedgoods;plantsandflowers;beerandwine;andanassortmentofspecialtyandpreparedfoods,
includingseveralgrabandgolunchoptions.
Onceopen,theBostonPublicMarketwillbetheonlylocallysourcedmarketofitskindintheUnited
States.AllproductsofferedwilleitheroriginateinNewEnglandorbeproducedhere.
Amarketplacebuiltforsuccess
TherearefivecriticalreasonswhytheBostonPublicMarketwillsucceed:
1. Unparalleledlocation.TheBostonPublicMarketisinanunparalleledlocationthatoffersthe
highvisibilityandheavyfoottrafficnecessarytosupportaretailenterprise.Thelocationenjoys
2.
3.
4.
5.
afavorablecompetitivelandscapeandisdesignedtoserveasthecornerstoneofBostons
marketdistrict.
Growingconsumerdemand.TheBostonPublicMarketfreshandlocalassortmentisontrend
withprevailinggroceryattitudesthatdemonstrateagrowingmarketforfreshfoodsandaclear
preferenceforlocalsourcing.
Firstrateregionalsupplyandkeenvendorinterest.TheNewEnglandregionoffersafirstrate
supplyandassortmentofproductsthatisuniqueintheUnitedStates.Withmanyofour
producerswithincloseproximitytoBoston,thesizeandscaleofMassachusettsfarming
enterpriseenjoysatraditionofdirectsalestoconsumersthatissecondonlytoCaliforniaand
Washington.
Selfsustainingeconomics.TheBostonPublicMarketmodelbecauseofitspartnershipwith
theStateisbuiltonviable,selfsustainingeconomicsthatlimitarelianceonongoing
fundraisingcampaignsandinsteadbalanceoperatingcostonapercentageofsalesrevenueand
modestfees.
Genuinepublicvalue.Themarketmodeloffersastrongvaluepropositionfortheobvious
marketplacebeneficiaries:ourcustomersandvendorsthefarmers,fishermen,andlocalfood
producersinNewEnglandandtheconsumerswhosupportthem.However,thepublicbenefits
reachfarbeyondthemarketplace,appealingtoenvironmentalists,conservationists,andthose
mostinterestedinsustainability;topublichealthadvocateswhoareexcitedbytheopportunity
Google Maps
toincreaseaccesstoandeducationabouthealthyeatingoptions;andtoindividualswhoseethe
opportunityincreatinganewpublicspacethroughtherevitalizationofa12yearvacant
building.
Unparalleledlocation.
LocatedontheGreenwayandalongtheFreedom
Trail,136Blackstoneisaoneofakindretail
locationinadynamicandgrowingsectionofBoston
thathasalonghistoryofpublicmarketactivity.
Highvisibilityandheavyfoottrafficdriven
byresidents,workers,visitorsand
commuters
o Residents:Withinanapproximate
halfmileradiusofthemarketisthe
entireNorthEnd,WestEndand
largesectionsofBeaconHill.This
tradeareahasanestimated11,000
householdswithahighaverage
householdincomeof$100,000
annually.Residentsarealsohighly
educatedwith4.8timesthe
numberofcollegedegreeresidentsastherearehighschoolgraduates.
Workers:WithinwalkingdistanceoftheFinancialDistrictandGovernmentCenter,
therearemorethan102,000employeesestimatedtoworkinthe7minuteradiusof
136Blackstone.Apopulationofthissizeisestimatedtospend,onaverage,$25million
duringlunchtimealone.Developmentplansfortheareaincludemorethan2million
squarefeetofnewofficespace.
Visitors:LocatedalongtheFreedomTrailwhichsees1.7millionvisitorsannuallyand
oneblockfromFaneuilHallandits17millionannualvisitors,136Blackstoneiscentered
inanactivityhub.Additionally,theStateis
currentlyrelocatingthenewBostonRegistry
Withina5minutewalktothe
ofMotorVehiclestothefloordirectlyabove
Marketdoorsthereare:
themarket.Withmorethan30,000monthly
11,000households
transactions,theRMVwillbring360,000
102,000workers
annualvisitorsdirectlyintothebuilding.
Commuters:TheHaymarketTstation,onthe
OrangeandGreenlines,islocatedwithin136
Blackstone.Morethan8,600commutersuse
thestationweekly.NorthStationandits
40,000commutersisashortwalkawayand
theHaymarketbushubisnextdoor.136
Blackstonehasaparkinggarageoffering
subsidizedparkingratesat$3for3hours.
1.7millionvisitorstothe
FreedomTrail
17millionvisitorstoFaneuilHall
48,000commuters
1,500newresidencesunder
development
Aneighborhoodthathasbecomeadestinationfordevelopmentinvestment.Withinblocksof
themarket,fivecurrentresidentialandcommercialdevelopmentsareunderway,includingthe
recentlyannouncedplanstoreplacetheGovernmentCenterParkinggarage(locatedjustacross
thestreet)witha600footofficetowerwith771residences,1.3millionsquarefeetofoffice
space,1,100parkingspaces,and82,500squarefeetofstoresandrestaurants.Other
developmentsincludetheNashuaStreetresidences,TDGardentowers,theVictor,andthenew
mixedusedevelopmentonLovejoyWharfthatwillwelcometheConverseheadquartersback
intoBoston.Intotal,thesedevelopmentswillbringmorethan1,500newresidenceswithina
quartermileoftheMarket.TheBostonGlobehassaidoftheneighborhoodbuilding
development:transformationsofthissizeandspeedarerareinBoston.
CenterstageintheBostonMarketdistrict.TheBostonRedevelopmentAuthorityandthe
Commonwealthhaveconductedtwofeasibilityandimplementationstudiesofthelocation;
bothentitiesarecommittedtodevelopingabroaderBostonMarketDistrictaroundthe136
Blackstonelocationandarezoninganddevelopingtheareaaccordingly.Fullfledgedmarket
districtsarethemosthighlyevolvedformofpublicmarkets.Theyfunctionaseconomiczonesin
whichopenairmarkets,specialtyfoodstores,andmarkethallsreinforceeachotherscustomer
baseandtheireconomicdynamismattractsrelatedbusinesses.ABostonmarketdistrictwill
increasetherangeofhealthyfoodavailabletoitsresidents,stimulateitseconomy,andenliven
itsculture.
Anindoor/outdoorspacewithjusttherightscale.With28,000squarefeetofindoorretail
spaceandtheadditionofalarge,useableoutdoorplazathatabutstheGreenway,136
Blackstoneisneithertoolargenortoosmall.Todaysaveragegrocerystoreis46,000square
feet,butasmaller15,000to25,000urban,freshformatfootprintisemerging.Notably,ina
commercialenterprisethisistypicallybeingachievedbyrightsizingnonperishables,andtoday,
70percentofgrocersareplanningtoshrinktheircenterstoreandgrowtheirfreshofferings.
Theadditionoftheplazaallowsforarobustseasonalanddaystalloperationdesignplanscan
accommodateupto68vendorswhichincreasesthediversityofproductlinesandallows
importantaccessforsmallervendorswhomightotherwisebeunabletomeetyearround
productionstandards.
BostonRedevelopmentAuthority:GreenwayDistrictPlanningStudy
Afavorablecompetitivelandscape.Haymarketvendorshavebeenincontinuousoperationin
thelocationoftheBostonPublicMarketsincetheearly1800s.Today,theyoperateanoutdoor,
yearroundmarketnextto136BlackstoneonFridaysandSaturdays,generallyresellinglow
Greenway District Planning Study 2009
priceproducefromwholesaledistributionterminalsnorthofBoston.Haymarketisauniquely
successfulmarket.A2009Haymarketsurveyshowed14,423transactionsovertwodaysa
| Noble
& Wickersham for the Boston Redevelopment Authority
September 10, 2013
levelthatnearstheequivalentoftheaverageUnitedStatessupermarket,opensevendaysa
week,at14,892.Aboutthreein10BostonarearesidentsshopatHaymarketannually.
Ournationalconsultant,ProjectforPublicSpaces,concludesthatHaymarketattractsoneofthe
mostdiversepopulationsofanymarketanditsgeographicreachexceedsanytheyhaveseen.
Thedowntownresidentialandofficepopulationsindividualswhoarelikelytorepresentthe
averageBostonPublicMarketcustomerrepresentonlyasmallpartofHaymarketssuccess.
Haymarketservescustomersofallincomelevels,includingindividuals,families,smallershop
owners,andrestaurateursseekingtopickupabargainorshopinbulkinabustling
environment.
ThePublicMarketscloseproximitytoHaymarketisabenefittobothoperators.TheHaymarket
assortmentincreasesthesupplyofbargainandnonseasonalproduceonFridaysandSaturdays
whiletheBPMwillbringfreshseafood,meat,andotherspecialtyproductsthatarenot
currentlyavailableorpermissibletosellatHaymarket.Thecloseproximityofthemarkets
broadensthefoodshoppingopportunitiestoHaymarketsnotablycostconsciousand
underservedpopulation;buttheBPMpricingisunlikelytobeabletocompetewiththatofan
averageHaymarketvendor.Giventhecomplementaryratherthancompetitiveassortment
offoodofferingsandpricepoints,theexpectationisthatthemarketstogetherwillcreatea
freshfoodcenterindowntownBoston.
8590D;U'K377102'W3?G5:'R9>90;'5Q'R552'X;>13736H'X;:50>S'(%),'
Growingconsumerdemand.
IntheUnitedStates,amoreeducatedconsumer,growingconcernaboutfoodsafetyandnutrition,and
aninterestinbuyinglocalhaveelevatedthefreshmovement.
Consumertrends.Eatingathomemaybeoneofthefewbehavioralchangesfromtherecession
tostick.AccordingtotheAmericanDieteticAssociationFoundation,73percentofmealswere
eatenathomein2010.Thiswasupfromjust52percentin2003.Itappearsthatthetrendis
onepartstretchinghouseholdbudgetsandanotherpartfindingagenuinejoyincookingand
breakingbreadwithfamilyandfriends,asathomediningseemstobebackinvogue.Cooking
hasbecomehip,saysRickSmilow,presidentoftheInstituteforCulinaryEducation,where
registrationforrecreationalcourseswasup10percentlastyear.
Theriseoffreshformat.
Perishablesaretheengineof
!"#$%&'()*+,-.&-/"*+!""/'0+1'0)2+34-5(6+7'()+829+:";'#-"<+=>?=+@+=>?A+
EV05D;0A'162'D56?9<1L7;?I'
growthinthegrocery
business.Freshformatstores
(e.g.,WholeFoods,Fresh
R0;?G'R50<1>'
),#-%&'
P!B5<<;0D;'EQ552'162'
)(#)%&'
Market)andlimited
"#(%&'
N3<3>;2'O??50><;6>'
assortmentformats(e.g.,
M57710'
"#%%&'
TraderJoes,SaveALot)have
B56C;63;6D;'EF3>G'H1?I'
,#.%&'
beengrowingatafasterrate
M09H'
,#-%&'
KG57;?17;'B79L'
,#(%&' R552'36T1456'D5<:5962'166917'01>;U',#%&'
thanmoretraditionalgrocery
89:;0'K10;G59?;'
(#$%&'
chainsandarepredictedto
89:;0D;6>;0'
(#*%&'
maintainaheadyrateof13
J>G;0'E?<177I'H05D;0A'
(#)%&'
percentgrowthperyearin
B56C;63;6D;'EF3>G59>'H1?I'
)#+%&'
@37310A'
)#*%&'
thecomingyears.Within
/012345617'89:;0<10=;>?' %#(%&'
existingstores,freshisthe
!"#$%&'
@1??'<;0DG1623?36H'EK17!@10>S';>D#I'
fastestgrowingproduct
'
!)%#%%&'
!.#%%&'
%#%%&'
.#%%&'
)%#%%&'
).#%%&'
category.
47%ofadultswouldbewillingtopay
moreforfruit,vegetables,meatand
cheeseproducedneartheirhomes
and52%ofconsumersreportthatits
moreimportanttobuylocalproduce
thanorganic.
Local,theneworganic.Inconsumerseyes,Localisthe
newOrganic.Accordingtorecentsurveys47percentof
adultswouldbewillingtopaymoreforfruit,vegetables,
meatandcheeseproducedneartheirhomesand52
percentofconsumersreportthatitismoreimportantto
buylocalproducethanorganic.Nearlyhalfofconsumers
believelocallysourcedfoodtobesaferandhavehigher
nutritionalandhealthvalue.
Greatretaildemographicsforthelocation.Residents
withinanapproximatemileradiusofthemarketlocationarehighlyeducated(morethan68
percenthavecollegedegrees)andboasthigherincomesthetwomostreliablecharacteristics
oftheaveragefarmersmarketcustomerinsurveysdoneacrosstheUnitedStates.Millennials
andbabyboomersarethetwocriticalsubsegmentsofconsumerswhoaredrivingnational
consumertrendstowardsBuyLocal.ThedemographicsoftheBostonPublicMarkettrade
zonefeaturepopulationsfromages22to35,andolderbabyboomerhouseholdswithhigh
incomes.
Competition.IndowntownBostontoday,thereareonlythreesupermarketslargerthanthe
BostonPublicMarketWholeFoodsCharlesRiver,ShawsatPrudential(agooddistanceaway),
andSuperStop&ShopintheLongwoodArea(agreatdistanceaway.)
"#
"#
"#
01
01
01
.1
.1
#,
#,
#,
#,
#,
#,
#,
#,
#,
#,
#,
#,
.1
#,
#,
#,
#,
#,
#,
#,
#,
#,
!!#,$$
888888$
!!#,$$
888888$
!!#,$$
888888$
888888$
!/#,$$
888888$
!/#,$$
888888$
!/#,$$
:)-0&$
F!EGCE7$
Q36.4&R$SQTUG$%)530)A$UM.-46A#6.)A$Q#)5"54"$Q&.J-4&G$%&'$O0MA)01$V-&A1$WX4&G$UM.-46A#6.&$4360#"$)01$%UQQ$4360#"$Y3.$SZQZ$
)M.-46A#6.&Z$
Firstrateregionalsupplyandkeenvendorinterest.
LocalSupply.Canapublicmarket,facingtheseasonalityoftheNewEnglandgrowingseason,attract
enoughvendorswithampleyearroundproductionanddeepenoughvarietytosustainayearround
customerbase?Simplyput,isourlocalagriculture,livestock,fishing,andspecialtyfoodindustrystrong
anddeepenough?Theanswerisanunequivocal,yes.
Leadthenationindirectfarmsales.NewEnglandisfirstinthenationindirecttoconsumer
farmsalesofproduceandlivestock.Ourfarmshaveremainedsmalltomediuminsize,
agribusinesshascommandedlittletonopresenceinourfarmlands,andfarmershavecontinued
analmost200yearhistory
ofsalesintheirlocal
:"/);%2,'%2<.):'=*%',)3'%40%()0%)60#"$&)>'#-)5',".)
HI3+$#'&AJ&$"#)#&"$KL$4)#&M3.LN$60A-"#&1$"#)#&"$).&$0308%&'$O0MA)01P$
communities,atroadside
standsorthrougha
!"#$"%&'(")*+)',,)+'#-.)/0&1)
89"#'(")20#"$&).',".)'.)')
60#"$&).',".)'.)')7"#$"%&'(")
20#"$&).',".)
7"#$"%&'(")*+)',,)+'#-).',".)
*+)',,)+'#-).',".)
thrivingregional
cooperativemarket
3'%4) 5&'&")
3'%4) 5&'&")
3'%4) 5&'&")
system.Massachusetts
! $
%&'$()*+",-.&$
! $
?,31&$@"A)01$
! $
2300&4546#$
F/BGEB/$$
/ $
2300&4546#$
agricultureeconomy
/ $
:)"")4,6"&;"$
/ $$
:)"")4,6"&;"$
F/<G7<>$$
7 $$
88888$
7 $
%&'$()*+",-.&$
7 $$
?,31&$@"A)01$
F/<G/BE$$
generates$469millionin
9 $
:)"")4,6"&;"$
9 $
2300&4546#$
9 $$
888888$
888888$
sales,ahealthy20percent
< $
=&.*30#$
< $
=&.*30#$
< $$
%&'$()*+",-.&$ F!7G>!<$
ofNewEnglands$2.4
> $
?,31&$@"A)01$
> $
:)-0&$
> $$
888888$
888888$
billionagricultural
B $$
888888$
B $$
888888$
B $$
888888$
888888$
economy.Thelocal
C $$
888888$
C $$
888888$
C $$
=&.*30#$
F!<G$<9!$
growingcorridorisavalley
D $$
888888$
D $$
888888$
D $$
888888$
888888$
ofextensiveagriculture
!E $$ 888888$
!E $$
888888$
!E $$ 888888$
888888$
withsuperbsoilsandexperiencedfarmerswhoarelookingfornewandgrowingmarketsfor
theirgoods.
Firstinthenationseafoodsupply.Inaddition,NewEnglandishometosomeofthemost
nutrientrichfishinggroundsintheworldincludingGeorgesBank,theGulfofMaineandCape
CodBay.GeorgesBankisarguablythemostproductivepieceofoceanbottomintheentire
world.Todaysfishermenworkwithinregulationsdesignedtoeliminateoverfishingand
promotethestocksbiomassgrowth.Whilecertainpopulationsarestillatrisk,overthelast17
yearsthefisherybiomassinNewEnglandhasgrownbymorethan500percent.NewEnglands
annualcatchsizeissecondinvalueonlytoAlaska,andtoday,scallopshelpNewBedford,
Massachusetts,bringinmorerevenuethananyfishingportinthenationforthe11th
consecutiveyearinarow.
Massachusettsranksthird
inthenationinnumberof
farmersmarketsper
personmakingour
residentsbothhighly
urbanizedandhighly
supportiveoflocal
agriculture.
GrowthofFarmersMarkets.Notonlyareweseeinganinfluxinmore
locallygrown,caught,andproducedproducts,wereseeingdynamic
changeinourlocalsupplychain.ThenumberofMassachusetts
farmersmarketshasgrownsteadilyfromabouteightin1979to289
thisyearmakingusseventhinthenationbehindthelarger,more
populousagriculturalstatesofCalifornia,NewYork,Illinois,Michigan,
Ohio,andPennsylvania.InBostonalone,farmersmarketshavemore
thandoubledinthepast10yearsandMassachusettsranks3rdinthe
Nationinnumberoffarmersmarketsperpersonwhichmakesour
residentsbothhighlyurbanizedandhighlysupportiveoflocal
agriculture.Ourgrowingnetworkofsmallfarmersmarketscarry
produce,meatandpoultry,breads,dairy,locallyproducedcheeses,
wines,andbeers,andathrivingnumberofspecialtyproductsyear
round.
VendorInterest.EvenvendorswhoarethrivingattheCitysfarmersmarketscravethepredictability,
climatecontrol,storage,andrelativesimplicityofthepermanentmarket.Manyvendorscurrentlysell
atmorethan10farmersmarketsperweekoneofourcurrentproducevendorsissellingat23markets
aweekinadditiontorunninga1200shareCSA(communitysupportedagriculture)program.That
means23differentsetupandbreakdownprocedures,23differentmarketmanagers,23differenttraffic
patterns,23differentcustomerbases,and23differentinventoryplanstodevelopandimplement.The
Statecommissioned2011MarketImplementationPlanconcludedthatthereismorepotential
interestforvendingspacethantherewillbespaceavailableatthe136Blackstonesite.
TheMarketisaneweconomicopportunitythatoffersasignificantbreakforlocalfarmers,fishermen,
andspecialtyfoodproducerswhootherwisefacebarrierstomarketentryincluding:supplychain
obstacles,limitedaccesstolocalgrocerystoreshelves,inabilitytooperateanentirestorefrontwith
theirproductsalone,littleexpertisein,orscaletobeabletoafford,themarketing,branding,or
promotionoftheirproducts,andthehighrentsofthemostidealBostonretailspaces.
Interestvs.footprint.Therewillbespacetoaccommodateupto40yearroundindoortenants.
Oncethose40aredividedbycategory(seebelow),itisquicklyapparentthatvendordemand
willfarsurpassavailablespaceinthemarket.Forexample,therearemorethan1,000
vegetablefarmsinthestate,buttherewillonlybespaceforfourorfiveofthemona
permanentbasisatthemarket.Goodeconomicswilllikelyresultintheuseofaggregatorand
coopmodelsinacoupleofkeycategories,includingproduce,meat,cheese,dairy,fish,and
seafood.
Flexibilitytoaccommodateothervendors.Theflexibilityofthepublicmarketfootprintwhich
includesflexistallswithinthemarketandanadditional2,600squarefeetofrentableoutdoor
spaceontheGreenwayplazaandthesidewalkssurroundingthemarketplacewillallow
occupancytoswellwithadditionalvendorsduringhighseasonsandholidays.Italsoallowsthe
Markettoaccommodatevendorswhomaybeinterestedintestingtheprofitabilityoftheiridea
orproducts.
Q?/;Q(-A!!QE(-/?>C(/;>@
F;--;/GA-CBB-(
OCJ@?>-(B?(
R(?+(4!F(
D>?HC>-I(
CP!>C--(
!C>F;JCJB(
+=-GC>F;JI(?>(
C;>QE(
OCJ@?>-(
!>?@A/C>-(
=JBC>C-B
K=QQA-B>;B=OCN
K)::"#LMN
-B>CJDBG(
?+(Q?/;Q(
-A!!QE
;%(,%<
=>??>@AB?CDD?
=>??>@AB?CDD?
;U
8%(,%H
ECK%CELM>EN
4T
=>??>@AB?CDD?
;T
=>??>@AB?CDD?
=>??>@AB?CDD?
;T
BE!C-(?+(!>?@A/B-
-')1#*)8
!"#$%&'(
)*$(+)",(
-.)*$
!"#$%&'"()%*+),"-&(.)/-0,%-+)
12-3$.)%*+))(/1$)1-23$
!"#$%&'(%)*(+%,--%
#".#,/$%)*/("0%
10""/+,'#"%./2%
+320,4,/*5%
#'44637%
889:
8;
F').I(
!#%8."3I(
)*$(C771
4""1.)'%5&.)%*+)6/-7
8/-7
9,""6.)#/%$(.)%*+)$,"3-)6-/+20$(
8/2'$-:)%*+)"##(
;<;=>
E,
E,
E,
E,
E,
9FGG
H<F
GI:
98GI
HHJ8
/0''1'()*$( ?3'7.)0,""(".)0-"%5.)&2$$"-53'7.)
$)2"3
&2$$"-.):/2#2-$.)7"13-
E,
H9F
4'%07)9"%)4%((.)4'2"13*);2*%.)
4'2"13(,.)B/+.)M'/2*+"-)N9255"-.)
H9:J%5,UU"05*.6%
O-%:)(/'".)P"''/@$%3'Q.)I%++/07.)
-*#+"0U./$%<:;%
I%7")N93'E"-)%*+)H,3$"Q.)?/*713(,.)
+210()*$(
N"4"/2#%,/%(+"% 6,&#("0%-*#+"0U./$%
8/''%07.)C"+13(,.)9026.)9$-36"+)
-0'88S210
#4"5*"#
9H9;%#+"66-*#+%
4%((.)9@/-+13(,.)90%''/6(.)>/&($"-.)
-*#+"0U./$%8:H%
?2(("'(.)J/-$,"-*)R2%,/#(.)
.b'.5'6('0"%-.0U#
J/-$,"-*)9,-356.)<:($"-(.)9"%)
90%''/6(.)%*+)(/1$(,"'')0'%5(A)
4-"%+)%*+)&2*(.)&-"%71%($)&-"%+()
4"')$()*$(
3*0'2+3*#)0-/3((%*$(.)(0/*"(.)
5)6'$(
52113*(.)(@""$)&-"%+(.)3*0'2+3*#)
7##$1
0%7"(.)63"(.)0//73"(.)0260%7"(.)
+/*2$(A
(-C;-?J;Q(;J@(
@;E(-B;QQ(
CP!;J-=?J(
!??Q
!>?OCJ;J/C
!>?@A/B(
/;BCD?>E
;%(,%G
!"#$%&'()#*'+')%$)
$,-.')/0+)#*')
1-+2'#)#0)$3'44)
3%#*)-5)
-&&%#%05-4)67)
8/4'98)$#-44$)#*-#)
-+')-:-%4-;4')05)
-)$'-$05-4)-5&)
&-%4<);-$%$=))>')
-5#%.%,-#')0"+)
%5#%-4).-,-.%#<)#0)
;').40$'+)#0)?@)
:'5&0+$)
/4".#"-#%5A)
#*+0"A*0"#)#*')
<'-+=
E,
B/O/,)/
9<
;%(,%<
E,
J9;
9%(,%8
C%*#")/1)'/0%'':)6-"6%-"+)1//+)
/6$3/*()@3$,)%)6-"5325)6'%0"+)/*)
6-/+20$()5%+")@3$,)'/0%'':)
(/2-0"+)3*#-"+3"*$(A));,3()3*0'2+"()
!"':)"'$(
'2*0,)%*+)+3**"-)$%7"D%@%:)
+##$1
/6$3/*(A));,3()-"1"-()$/)E"*+/-()
@,/)%-")"F0'2(3E"':)G6-"6%-"+)
1//+(G)&2$)E"*+/-()3*)/$,"-)
0%$"#/-3"()@3'')&")"*0/2-%#"+)$/)
%'(/)6-/E3+")$%7")%@%:)/6$3/*(A
E,
B/O/,)/
;%(,%G
ECK%CELM>EN$%
PQCNR=SE>EDCM!%
=>??>@AB?CDD?
;8�#82&(
5'<'")7'1
E,
9%(,%8
=>??>@AB?CDD?
8H
G%(,%9F
ECK%CELM>EN
+8#9'"1
B/56'"$")-%*#")/1),/-$302'$2-%')
/11"-3*#(.)#-/@*):"%-)-/2*+A
H3*".)&""-)%*+)(63-3$(
?%6'")9:-26.)I/*":.)B,/0/'%$".)
8%($%.)8-"("-E"(.)C/%($"+)J2$(.)
-:'&2)8.3(
B/11"")C/%($"-(.);"%)4'"*+"-(.)K0")
=.',1
B-"%5.)L230".)9630"(.)%*+)"$,*30)
(6"03%'$:)6-/+20$(
E,
B/O/,)/
?,'05"#T%S/*(*.6%46.//*/1%2,5'U"/(#%-0,U%VP=%.05+*("5('0.6%(".UW%B7?7%N"4.0(U"/(%,-%>10*5'6('0"%8F99%-.0U%2.(.W%=.##.5+'#"((#%N*X*#*,/%,-%=.0*/"%Y*#+"0*"#$%8F99%>//'.6%Q"4,0(7
ZK*66.02%V*#+,4%8FFI%D,(.6%?(,0"%?'4"0%?('23%[?.-").3$%?(,4%./2%?+,4%./2%\")"6]R#,5,^
ZZQ"U,X"#%(+,#"%2"4.0(U"/(%VP=%)*66%/,(%5.003%[-0,_"/$%1"/"0.6%U"05+./2*#*/1$%+".6(+%./2%&'".(37%%@'(#%`10,5"03`%(,%8<a%,-%(0.2*(*,/.6%#*_"7%%K"*1+(#%,'(5,U"#7
ZZZV.#"2%,/%.%8F98%#'0X"3%&3%P0,10"##*X"%10,5"03%(+.(%.#O"2%,4"0.(,0%(,%0./O%(+"%U,#(%*/-6'"/(*.6%#(,0"%2"4.0U"/(#%20*X*/1%(+"%U,#(%(0.--*57
ZZZZ>##'U"#%(+"%+*1+%/'U&"0%,-%X"/2,0#%*/%".5+%5.("1,037
10
Viable,SelfSustainingEconomics
Asa501(c)(3)withsupportfromtheCityandtheCommonwealth,theBPMwillgenerateampleincome
tooperatewhilesimultaneouslyprovidinganimpossibletomatchbusinessopportunityfortheregions
agriculture,seafoodandaquacultureandspecialtyfoodsindustries.
Breakevenoperatingmargin.Themarketmodelisbuiltonabreakevenoperatingassumption.
Annualoperatingcostswillbemetthroughvendorsrents,amixoffeebasedprogrammingand
limitedand/orendowedprogrammaticfundraising,andadditionalopportunitiesforrevenue
generationwhichincluderentalspace,fees,andselectsponsorships.Anysurplusoperating
fundsfromthemarketwillbeusedforcapitalreplacementand/oreducationalprogramswith
widereachingbenefittoMassachusettsfarmersandconsumers.
Subsidizedrents.TheBostonPublicMarketisabletokeepvendorrentstoaminimumdueto
theCommonwealthscommitmenttoprovidesubsidizedspaceforlocalgrowers,fishermen,
andfoodvendors.Theyearonerentpackagechargedtovendorsisabouthalftheamountthe
sameretailspacewouldcommandontheopenmarketandincludesallfacilityservices,
marketingandadvertising,andtheabilitytobeinalargerbrandedmarketplace.Preliminary
conversationswithinterestedvendorssuggestthattheproposedrentswouldbereadily
acceptable.
Operatingreserve.IndevelopingthepreliminaryBostonPublicMarketfinancialstatements,
themodelassumesthatthebestwayforthemarkettosucceedisbygivingvendorsasoftstart
withmorefavorablerents,achievablerevenueprojections,andshorttermleaseagreements
thatwillallowmarketmanagementtohavetheflexibilitytoadjustassortmentandvendormix.
Tothisend,ourstartupbudgetincludesa$1millionoperatingreserve.Thisreserveismeant
tobolsterthemarketinitsearlyyears,coveranyvacancyshortfalls,andmeetsaspecificState
requirementtodoalloftheabove.
11
Meetsadiversesetofpublicneeds.
Successfulmarketsareexperiential.Theyprovidevisitorswithmorethan
justanopportunitytopurchaseproducts.Theysaysomethingaboutthe
Theaveragefarmergets9
communitythattheyarelocatedin,andthepeoplewhoshoptherelike
centsofyourfooddollar,
whatthatmarketsaysaboutthem.Marketsintroducepeopletonew
whilegrocerystores,
tastesandnewideas;differentpeopleanddifferenttraditions.Amarket
marketers,processors,and
educatesshoppersaboutnewfoodandproductsandwaystoprepare
them.Shoppersgotoamarketexpectingdiscovery.Itintroducesthe
middlemengettheother91
farmers,fishermen,producers,andfoodpracticesthatarebehindthe
cents.
foodthatwebuy.Agoodmarketissmarteconomicsandawell
choreographedexperiencethatintroducesqualityproductsandtalented
vendorsontoastagethatissimplebutsmartinitspresentationandauthenticity.
Publicmarketsmusthavepublicgoals.Publicgoalsgiveadefinedcivicpurposetothemarketactivity.
Nationally,thesegoalshaveincludedanythingfromattractingshopperstoadowntownor
neighborhoodcommercialdistrict,providingaffordableretailingopportunitiestosmallbusinesses,
preservingfarmingorfarmlandintheregion,affordingaccesstohealthy,affordablefreshfoods,
activatinganunderusedpublicspace,ordisplacinganundesirableuseofapublicspace.
TheBostonPublicMarkethasfivefocusedpublicimpactgoals:
1. Economicdevelopment.TheBostonPublicMarketwillbearobusturban/ruralexchangethat
helpstoboostregionalfarmsales.Themarketisanincubatorforsmallbusiness,ajobcreator
(throughoutthevaluechain),andamarketplacetodrivecustomerdemandforlocalproducts.
2. Resiliencyintheregionalfoodsystem.WhiletheBostonPublicMarketissimilartoother
publicmarkets,inoneway,itisentirelyunique:itisthefirstpublicmarketintheUnitedStates
tocarryanalllocalassortment.ByfocusingassortmentonlocalNewEnglandproduction,the
marketwillshowcaselocalagriculture,fisheries,andspecialtyfoodproductionandincertain
categorieswillintroducemarketdemandthatsstrongenoughtoexpandlocalproduction.
Theaveragefooditemtravels1,500milesfromfarmtoplate.Theaveragefarmergets9cents
ofyourfooddollar,whilegrocerystores,marketers,processors,andmiddlemengettheother
91cents.Largeindustrialfarmsemployjustthreefulltime
workersper$1millioninrevenue,whilelocalfarmsemploy13.
Byfocusingassortmenton
Givenlimitedwholesaleopportunities,itisthefarmstand,
localNewEngland
farmersmarket,CSA,etc.,thatwillkeepNewEnglandagriculture,
production,themarketwill
smallfishermen,andartisanfoodproducersviable.
showcaselocalagriculture,
3. Education.Education,informalandformal,willbeatthecoreof
fisheries,andspecialtyfood
everythingatthemarketplace.Educatingconsumerswillshape
productionandincertain
themarketandstalldesigns,externalandinternalsignageand
categorieswillintroduce
messaging,vendorandcustomerinteractions,events,workshops
andformalprograms.TheMarketwillengageandeducateits
marketdemandthatsstrong
consumersinfoodliteracytheknowledgeoffoodsources,
enoughtoexpandlocal
nutrition,preparation,andeconomicsthroughdirectinteraction
production.
betweenproducersandconsumers,educationalprograms,and
12
communityoutreach.Themarketwillteachconsumers,visitors,schoolchildren,andresidents
abouttheimportanceoffresh,local,andsustainablefood,especiallyasitrelatestopublic
healthandthelocaleconomy.TheBostonPublicMarketwillintegrateeducationintothe
marketexperiencethroughexperientiallearning,thedemonstrationkitchenandclassroom,by
promotinghealthandnutrition,andofferingarobustfeeandfreeclassroomschedule.
4. PublicHealth.Programmingwilladdressanumberofcriticallocalhealthchallengesincluding
obesity,maternalandchildhealth,cookingfortoddlers,aclassdedicatedtobringingbackthe
familydinner,waystocookandbuylocalproducewithSupplementalNutritionAssistance
Program(SNAP)benefits,etc.Sustainabilitycurriculumswillfocusontheuseoflesserknow
speciesoffish,canning,freezingfreshfoods,etc.Programmingwillemphasizetheimportant
connectionsbetweenwhatweeatandwhereitisgrown;participantswillbeinvitedtospend
sometimeinthefields,urbangardens,andseaswherefoodisprocured.Trainingwillinclude
marketfreshfellowshipsforlocalteenstolearnaboutallsidesofthelocalfoodproduction
chain,gettingspecializedtrainingindevelopingasmallbusinessenterpriseandrunninga
preparedfoodsstallasaworkforcetrainingmoduleforatriskyouth.
5. Affordabilityandaccesstounderservedcommunities.Accesstoandpromotionofpublic
assistancedollarswillensurethattheMarketremainsaccessibletoresidentsofallincome
levels.TheBostonPublicMarketwillmaintainaffordabilitybyensuringpricecompetition,
promotingtheavailabilityofSNAPandEBTbenefits,andpartneringwithHaymarket.The
Marketwillexplorecreatingdirectaccesstolocalproducewithinunderservedcommunities.
MarketOperations,designandconstruction,budgetandtimeline
Marketleasing
Themarketiseffectivelytwomarketplacesinone:theindooryearroundvendingflooriscomprisedof
approximately40permanentvendorsandahandfulofrotatingseasonalstallsandtheexteriormarket,
whichcanaccommodateupto68vendorsandwillbeavailablethroughouttheyear.
Threetypesofleaseagreementswilldefinethemarket:yearround,seasonal,andtemporary.Indoor
agreementswillbestructuredtoreflectyearroundassortments.Outdoor(andindoor)temporary
rentalagreementswillbenegotiatedaseitherseasonalrentalagreementsonarenewablethreemonth
periodorasatemporarycontractrangingfromdaily,weekend,orweeksthroughouttheyear.
Yearroundleaseagreementswillbeindividualizedandspeaktoanumberoftheprioritiesdetailed
hereinbutmayalsostipulatecroplistsbyseason,pricingexpectations,goalsforlocalsourcing,etc.
Whereaggregatorsareusedtoincreaseaccesstosmallerproducersanddeepenproductinventory,the
leasewilldetailtheirmarginformarkup,sourcinggoals,andoutcomes.Preparedfoodsvendorsmay
needtocommittocertainstandardsinproductionincludingtheuseoflocallygrownorcaught
ingredients.
13
VendorSelectionCriteria
Allvendorswillbeevaluatedusingascorecardthatsbasedonthefollowingselectioncriteria:
Productquality.Thisincludesproductfreshness,consistency,uniquenessanddiversity,taste,
selectionofingredients,andsourcing.
Provenance.Thegoalistoselectthehighestqualityproductfromthemostlocalsource.
Businessplan.Theexperienceandreputationofthevendor,themethodofsales(direct
representativesvs.coop),productionpracticesandstandards,businesssize,financialplans,
staffing,pricing,display,references,provenabilitytocompetewithinproductcategory,and
commitmenttomission.
Ethnicandspecialtyfood.Between1980and2000,foreignbornindividualsaccountedfor357percent
intheoverallgrowthofBoston.HaymarketvendorstraditionallyItalianimmigrantsarenowover50
percentnewimmigrants,withgrowingnumbersofHispanicandAsianvendors.Thenumberof
HispanicownedfirmsinBostonincreasedby97percentbetween1997and2002whilethenumberof
Asianownedbusinessesgrewby41percent.Immigrantentrepreneursandnewresidentshave
providedamajorboostintheresurgenceofneighborhoodssuchas
Between1980and2000,
FieldsCorner,EastBoston,AllstonVillage,andJamaicaPlain.The
foreignbornindividuals
immigrantpopulationisanimportantpartofourNewEngland
communityandacriticalcustomerbase.Vendorselectionwillgive
accountedfor357percentin
considerationtotheoveralldiversityofourproductassortmentandthe
theoverallpopulationgrowth
diversityofthevendorsthemselves.
ofBoston.
Smart,flexible,designandconstruction
Guidingprinciplesfordesignarethatthespacebeclean,welllit,usedurablematerials,achievethe
utmostusability,andmaintaintheroughspacefeelthatiscoretothecharmofsuccessfulmarkets.
Thelayoutofthespacewillcreateacomfortablemarketsettingforcustomerstointeractdirectlywith
producersandemployeesfromlocalfarms,foodbusinesses,fishingboatsandrestaurants.
14
Architerra.TheBostonPublicMarkethascommissioned
Architerra,anawardwinningBostonarchitecture,community
design,anddevelopmentfirm,todesignthemarket.
Architerrasenvironmentallysensitiveworkisdistinguishedby
designcreativity,aspecializationinbuildingrepurposeand
reuse,interdisciplinarycollaboration,andfundedresearch.
OnehundredpercentofArchiterrasfulltimeprofessionalstaff
isLEEDaccredited.ArchiterraisjoinedbyColliers
Internationalsprojectmanagementteam,anexperiencedand
diversifiedgroupofengineeringconsultants,andtwocost
estimatingteamsworkingtoproduceseparateblindbidsasa
checkandabalanceinadditiontoprovidingtwoperspectives
atthebestvalueengineeringproposals.
Interiorchallenges.Whilethelocationofthe136Blackstone
siteisideal,theinterioriscomplicated.Itiseffectivelyfour
buildingsinone:theHaymarketTStation,aparkinggarage,
officesuitesincludingBostonsRMV,andtwooftheBigDigs
largestventshafts.Fourexistingfloorlevelsandnineexisting
entranceswillneedtobereconciledbythedesignand
constructionofthespace.Inaddition,thefitoutfora
marketplaceisclosertothebuildoutofrestaurantor
laboratory;notthatofagrocerystoreoracommercialoffice
building.The28,000squarefeetofretailspacewillneedto
havearaisedfloortoaccommodatefullfloordrainage,manyof
themarketstallswillneedhandsinksandrefrigeration,the
demonstrationkitchen,bakery,andfoodservicetenantislikely
toneedcommercialventing.Healthcoderequirementsput
furtherspecificationsonbuildout.
15
Exteriorplans.Currentexterior
planscontemplateacentral
entranceonthecornerofHanover
andCongressandtakingadvantage
ofthebuildingssignaturevent
shaftsbyuplightingthem
accordingtotheseasonand
correspondingseasonalofferings.
16
(
'( "(
*
(# '
#) ,#&*
(
'
"& -(.
%
#$ ,"
!" %&*
+'
7'5(189:8$6(1#$''#(
2)"-$'33(1#$''#(
+*'(
4$''"5%6(
!;#'$,)$(
<=%>%(
?%$@'#(
2'"#$%=(
!"#$%"&'(
/%")0'$(1#$''#(
17
Flexibilityofstalldesign.Workingwithlocalvendors,wevecreatedasimple,flexiblesetofvariable
optionsforindividualstallbuildout.Principlesofdesignhavefocusedonflexibility,durability,
affordability,andallowingforindividuality.
3 Module A
Cost,fundraising,andtimeline
Thetotalstartupcostforthemarket,includingconstructionanddesignandaonemilliondollar
operatingreserveis$15.5million.TheStatescommitmentof$4millionincapitalimprovementsleaves
agapof$11.5millioninprivatefundraising.
Programmaticfundraising.TheBostonPublicMarketisseekingadditionalfundingforprogrammatic
supportofthedemonstrationkitchenandclassroom,priceaccessibilityprograms,andfarm,fish,and
foodincubatorefforts.Thiscouldbeintheformofdirectfinancialsupport,intheformofabroader
partnershiptodevelopapproach,curriculum,orprogrammingunits,orpreferablysomecombination
ofboth.
Givingwithlastingimpact.BecauseoftheMarketsselfsustainingmodel,aonetimegifttotheBoston
PublicMarketsprojectbudget(capitalcampaign)haslastingimpact.Whileweanticipateadegreeof
fundraisingandpartnershiparoundspecificprogrammingoutcomes,themarketitselfwillbecomea
living,selfsustainingcivicinstitutionandcommunityorganizationforyearstocome.
18
Conclusion
ThestrengthoftheBostonPublicMarketconceptisbuiltonanidealretaillocation,measurablegrowth
inconsumerdemandforfresh,localfood,ahistoryofsmallandmediumsizedproductionintheregion,
soundfinancialsandrevenueprojections,andamultidimensionalityinitspublicbenefit.But,whats
equallyimportantisthebroadbaseofitsappeal.Apublicmarket,appealstoanyresidenteagerfora
newsourceforfresh,locallysourcedfood;tothechefineachofus;toenvironmentalists,
conservationists,andthosemostinterestedinsustainability;topublichealthadvocateswhoareexcited
bytheopportunitytoincreaseaccesstohealthyeatingoptions;tosmallbusinessowners,local
fishermenandfarmerswhoappreciatethemarketasanincubatorandopportunitytoselldirectlyto
consumers.TheBostonPublicMarkethasthemostimportantingredienttoanyenduringcivic
institutionitmeanssomethingtoeveryone.
19
BoardofDirectors
BrianKinney,BoardChair,ManagementConsultant
DonaldWiest,Esq.,ViceChair,Attorney,Brennan,Dain,LeRay,Wiest,Torpy&Garner,P.C.
KurtWm.Hemr,TreasurerandAssistantClerk,Attorney,SkaddenArps
AndrewGrace,Clerk,UrbanDesignerandPlanner
AlisonArnett,JournalistandEditor
JeffCole,FarmerandExecutiveDirector,MassFarmersMarkets
TomDavis,SeniorVicePresident,RecapRealEstateAdvisors
ChrisDoublass,Chef/Owner,AshmontGrillandTavolo
BillDowling,GeneralManager,CambridgeSchoolofCulinaryArts
MarloFogelman,Esq.,Principal,marlomarketing/communications
AlexLewin,HealthCoach,Chef,Instructor,Author,FeeMeLikeYouMeanIt.com
MiriamNelson,Ph.D,Director,JohnHancockResearchCenteronPhysicalActivvity,Nutrition,and
ObesityPrevention,TuftsUniversity
LindaPizzutiHenry,CommunityActivistandPhilanthropist
GusSchumacher,ExecutiveVicePresident,WholesomeWaveFoundation
SamThakarar,Partner,BainandCompany
YanniTsipis,SeniorVicePresident,ColliersMeredith&Grew
DavidTubbs,SeniorManagingDirector,OfficeofDevelopment,MassachusettsGeneralHospital
RobertTuchmann,RetiredPartner,WilmerHale
CharlotteVena,Director,JohnW.HenryFamilyFoundation
FoundersCircle
JanetChristensen,BoardMemberEmeritus
Staff
ElizabethMorningstar,lmorningstar@bostonpublicmarket.org
MimiHall,mhall@bostonpublicmarket.org
MeganGibbons,mgibbons@bostonpublicmarket.org
JuliaVannoni,jvannoni@bostonpublicmarket.org
www.bostonpublicmarket.org
POBox52385
Boston,MA022059761