Housing Could Be Retail’s Savior
A hurricane of an economic storm is now headed straight for some of the most successful malls in the region, leaving them suddenly vulnerable in a way that just a few months ago would have seemed impossible.
Trouble in Store
The shutdown of huge swaths of the economy due to the coronavirus emergency has put every part of retail, from department stores and luxury brands to mom-and-pops under siege.
$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.
In Retail, Change is the Only Constant
Only two years ago, it seemed unthinkable that up to 25 percent of the nation’s shopping malls might close by 2022. Now, as large retailers close outlets en masse, landlords are looking for new uses for old spaces.
Woburn Mall Set to Add Cinema, Housing
Partial demolition of the Woburn Mall could begin in March as part of a redevelopment that will add a cinema complex, new restaurants and retailers and 350 apartments at the 23-acre property.
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.
Another Shopping Mall Property Marketed for Redevelopment
Cushman & Wakefield will market the 87-acre Eastfield Mall property in Springfield as a redevelopment opportunity.
Malls Peel Back the Walls
Are we entering phase two of the live-work-play phenomenon sweeping the development industry in Eastern Massachusetts?
Woburn Mall Sale Could Trigger Redevelopment, MBTA Upgrades
The South Carolina developer leading the $295 million redevelopment of Boston’s South Bay Center has acquired Woburn Mall.
