The company will occupy 22,000 sf in its new location at the corner of Berkeley and Boylston streets in the city's Back Bay. That's just slightly less than it is currently occupying at 330 Boylston St., where it was located for 75 years. FAO Schwarz filed for bankruptcy protection last year and closed a number of stores including this location which is owned by Hines.

The Druker Co. owns Shreve's current location. The company recently developed Atelier 505, a 103-unit luxury condominium development in the heart of the city's South End neighborhood. It is unclear whether Druker plans to convert this location into residential use, although if it did it would be following recent trend among developers in the city. Gold Associates and VEF purchased 441 Stuart St. with the intent of converting its upper seven floors into high end condos. The Carlyle Group and Draper and Kramer Inc. are in the process of converting a 367-unit project in the Charlestown Navy Yard into condos while Lincoln Plaza, a 231,215-sf office complex located in the city's leather district, is going to be converted into condo use by its new owners, the Cresset Group and Third Sector New England Group. Calls to the Druker Co. were not returned by deadline.

For much of the 19th century, Shreve, Crump & Low was located at the corner of Washington and Summer streets, which is now the site of Macy's. In 1891, the company built a larger store at the corner of Tremont and West streets. Then in 1929, Shreve's departed from the traditional retailing district Downtown and moving into a Back Bay art deco showcase spot.