Actually many of those buildings are leased and will be opening in the spring. Newbury consists of over 360 retails stores...close to 90% occupied. Not too shabby...sorry to spoil the negative thoughts.
It is that way every winter...look at the historical data. January-March is always the highest vacancy rate on Newbury. It is also the best time to build out stores for a spring opening.
Berk, though, said a lot of the empty spaces were not in UrbanMeritage buildings.