News: Retail

CB Richard Ellis brokers 11 transactions at Wilton River Park

Wilton River Park completed eleven office and retail transactions totaling 55,250 s/f year-to-date at the newly rebranded Wilton River Park. Over the past year, Wilton River Park has evolved into a work/play/shop environment that encompasses the offices and retail space at 5, 11, 15, and 21 River Rd. and includes more than 150,000 s/f of office space and 100,000 s/f of retail space. In total, WRP offers 20 acres of a prime working and shopping environment all situated in a park-like setting. Its varied and comprehensive on-site amenities make working and shopping at Wilton River Park a complete experience. CB Richard Ellis' Tom Pajolek, senior vice president, and Barbara Segalini-Stilley, vice president, represented three office transactions totaling 45,200 s/f on behalf of Wilton River Park. These transactions included Toluna, Inc.'s 21,400 s/f space at 21 River Rd.; the lease of Blue Buffalo Company's16,900 s/f headquarters at 11 River Rd.; and Alterna Capital Partner's new 6,900 s/f office at 15 River Rd. Wilton River Park's eight retail transactions totaled 10,134 s/f. These transactions included Halstead Property's 2,400 s/f renewal next to The Gap; renewal of Starbuck's 1,886 s/f at 21 River Rd.; Fairfield Stationer's new 1,322 s/f shop. 5 River Rd. has seen an abundance of activity thanks to Campus Jeweler's 955 s/f retail expansion; Sweet Pierre's Boutique du Chocolat's new 450 s/f; The Athlete's Foot's 1,400 s/f commitment; Toppings Frozen Yogurt's new 800 s/f shop; and Verizon's new 921 s/f next to Mediterranean Grill.
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Reimagining retail for the downtown - by Carol Todreas

Reimagining retail for the downtown - by Carol Todreas

Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.
Village centers and local retail: What the market wants - by Carol Todreas

Village centers and local retail: What the market wants - by Carol Todreas

Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.
Placemaking and retail in 2024 - by Carol Todreas

Placemaking and retail in 2024 - by Carol Todreas

Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.

Keeping the “there” there - by Carol Todreas

Keeping the “there” there - by Carol Todreas

New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.