Charter Realty and Development has added Bangor Furniture and Mattress as a lessee in the Airport Mall. The Airport Mall is located near I-95, and takes up 230,000 s/f.
Bangor Furniture and Mattress moved to the Airport Mall after occupying another space in the town of Brewer, Maine. The suite is 14,400 s/f, and is located adjacent to Staples.
The Airport Mall is named because of its proximity to the Bangor International Airport, which flies to New York, and Orlando, amongst other places.
The Airport Mall is anchored by the supermarket Hannaford Bros, Marshall's, Dollar Tree, and Ocean State Job Lot. Now that Bangor Furniture has acquired its new location all of the spaces over 10,000 s/f in the center are occupied. Only the center's smaller spaces remain to be leased. The Airport Mall is in the center of a residential area of Bangor that is home to around 30,000 people within a three mile radius of the center.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary