Beacon Hill Pub license sale (2018-2021)
The no-frills Beacon Hill Pub ran for nearly 50 years at 149 Charles Street. Its owner sold the license for $5.54 million in 2018; a developer bought the building and license for $8.3 million in 2021, and the pub closed during the pandemic.
The pub closed and the license changed hands twice in three years.
Charles Street's bar scene is shifting from dives to polished, capital-backed concepts owned by operators with portfolios.
Shows how bar real estate on the same street has consolidated around deep-pocketed operators, the backdrop for 89 Charles's licensing negotiation.
