Time Out Market in Boston Saved From Closure

Time Out Market in Fenway was slated to close its doors this month, but a new operator has stepped in at the last minute to save the market from shuttering.

According to a Boston Globe report, the market will operate under a new agreement with Samuels & Associates, which has entered into a partnership with Alexandria Real Estate Equities, the owner of 401 Park. Samuels & Associates will assume management and license the Time Out name from the brand to run the 27,000-square-foot market, keeping all 15 current market vendors open.

When it announced the closure, Time Out cited a slowdown in foot traffic. Vendors reported their revenues had decreased by 20% in 2025 compared to 2024.

“It's a critical piece of the neighborhood,” said Steve Samuels, who acknowledged to the Globe that market conditions have significantly changed since the food hall debuted in 2019. “We all felt that with a little creativity and hard work, that this is definitely worth saving.”

Samuels said he was overwhelmed by various individuals when news about Time Out's closing surfaced. He said that even Mayor Michelle Wu contacted him, urging him to take action. Samuels said he began discussions with Alexandria about assuming operational control for the market. He plans to collaborate with the vendors to seek ways to bolster the business.

Samuels & Associates, which maintains an office in the Fenway, has overseen a slate of new developments in the facility over the past two decades. According to the Globe, chief among those projects was the renovation of the old Landmark Center into 401 Park, which the firm sold to one of the region's most recognizable biotech developers in 2021 for $1.5 billion. In fact, Samuels originally brought Time Out to the ground floor of the Fenway building in 2019.

“Food halls like this thrive when they are closely connected to their surroundings and supported by a team that invests in activation,” said Samuels & Associates co-president Peter Sougarides to the Globe. “Over more than two decades, we've built collaborative relationships with locally owned restaurants across our portfolio by approaching these spaces as creative partnerships — focused on thoughtful programming, connectivity, and driving foot traffic throughout the day and across seasons.”