Hanover Crossing Apartments Sold for $156M
A 300-unit apartment complex developed as part of the mixed-use transformation of the Hanover Mall traded for nearly $156 million.
Community Good Works
Rollstone Bank & Trust, based in Fitchburg, pledged $15,000 through its foundation to the Montachusett Veterans Outreach Center in Gardner, a nonprofit organization that supports military veterans and their families. See who else gave back.
Hot Property: Hanover Crossing
The latest addition to the former Hanover Mall has opened: a large Showcase Cinemas movie theater.
$225M Hanover Mall Redevelopment To Begin in Early 2020
Demolition of the 48-year-old Hanover Mall will begin in February as a developer prepares to build a 600,000-square-foot lifestyle center anchored by Market Basket and a 300-unit apartment complex.
Industrial Gains, Retail Repositioning
In the commercial real estate world, one could say the retail sector’s loss was the industrial sector’s gain in 2018. The same can’t be said for the hotel sector, where most everyone’s gains contributed to the hospitality industry’s growth last year.
A Hard Look At Mall Sites’ Future
Evolve or die is the choice for an aging generation of shopping malls struggling to compete against e-commerce, outdoor lifestyle centers and reinvigorated Main Street shopping districts.
Local Businesses And Selectmen Rally For Hanover Mall Redevelopment
Numerous local businesses and two chambers of commerce have gone on record in favor of a June 19 Hanover Special Town Meeting article that, if approved by voters, would grant the Hanover Mall a tax increment financing (TIF), allowing the new owners of the mall to redevelop and revitalize the 46-year-old shopping center.
