News: Retail

Charter Realty leases 25,000 s/f to T.J. Maxx at Aroostook Center Mall

Charter Realty & Development Corp. has arranged a 25,000 s/f lease for a T.J.Maxx store in the Aroostook Center Mall. T.J.Maxx will join Lowes, Sears, JC Penney and others in this project. The 525,000 s/f project is owned by Sitt Asset Management and is located on U.S. Rte. 1. T.J.Maxx sells brand name family apparel, including women's footwear and active wear, home fashions and other merchandise. T.J.Maxx differentiates itself from Marshalls with an expanded assortment of jewelry and accessories, all at prices 20-60% below department and specialty store regular prices. Charter Realty currently represents TJX Companies for their T.J.Maxx, Marshalls, Marshalls Shoes and HomeGoods divisions in various markets throughout the Northeast.
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Columns and Thought Leadership
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.
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.
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.