Shreve, Crump & Low Relocates to FAO Schwartz Location

BOSTON-Shreve, Crump & Low is moving its flagship store to 222 Berkeley St. The jewelry store, which claims to be the country’s oldest, still-operating jeweler, will relocate this fall to space that was previously occupied by FAO Schwarz.

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.