News: Retail

Charter Realty completes 59,030 s/f of deals at Springfield Plaza

Charter Realty has completed four deals totaling 59,030 s/f in the Springfield Plaza Center. Springfield Plaza is 550,000 s/f shopping center. K-Mart, Super Stop and Shop, and TJMAXX anchor this center. Springfield Plaza has a total of 3,500 parking spots, and is located near the border of Conn. and Mass. The center is located on Liberty St. The newest deal at Springfield is with Planet Fitness, a "judgment free" fitness center with 642 locations across the country. Planet Fitness is based primarily in the northeast with its headquarters in Newington, N.H. The 20,000 s/f that they will occupy is currently under construction. Also in the center is Aaron's Rentals, a company where you lease your own electronics, and furniture, which renewed its lease of 8,030 s/f . Rocky's Ace Hardware, a hardware store that renewed its lease of 25,500 s/f is also in the center. Finally the 99 Restaurant a pub chain with over 100 locations throughout the northeast also renewed its lease of 5,500 s/f.
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Columns and Thought Leadership
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.
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.
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.

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.