The Boston Flower Exchange has officially leased space on Second Street and will move this month to establish its long-standing wholesale market in Chelsea as the New England Flower Exchange.
The Exchange has been located in the South End for decades next to the Expressway – having been sold by the City of Boston during the Urban Renewal period to establish the regional market. However, with a hot real estate market, the Exchange saw opportunity in selling the property. Last summer, the Abbey Group of Boston was identified as the buyer and approved by the City. As of the end of this calendar year, the Exchange had to be vacated, leaving a gaping hole in the wholesale flower business that Chelsea will fill.
City Manager Tom Ambrosino indicated that the Exchange has signed a lease of approximately 15 years with property owner Tony Cassano to locate in the old Kettle Cuisine soup company headquarters at 260 Second St. near the New England Produce Market. Kettle Cuisine moved to Lynn about three years ago.
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