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SOUTH SIDE - Bon Chic. Bon Genre, Bon voyage.
The Soffer Organization has dropped BCBG, a Los Angeles-based upscale fashion retailer, from its tenant mix at the SouthSide Works project.
While the move has left BCBG's representative on the deal frustrated, Patrick Kellner, vice president of retail leasing for
Wilkins-based Soffer, cited the retailer's financial hardships and high expectations for tenant improvement money and other subsidies for the decision.
"We just felt the way the financial partnership was structured, we didn't think it was a good risk for Soffer," said Mr. Kellner.
A March article in the New York Post detailed BCBGs "cash crunch" resulting from rapid expansion. In January, BCBG (an abbreviation of...