News: Retail

Colonial Properties brokers six deals totaling 6,050 s/f

According to Mike Richetelli, president of Colonial Properties, Inc., the firm has completed six transactions. Fred Messore, senior vice president was the sole broker in negotiating three deals at Highwood Square, 953 Dixwell Ave., Hamden, totaling 2,500 s/f, including a dental office and insurance office. Frank Greco has negotiated a two-year lease for 800 s/f of retail space at 253 Naugatuck Ave., Milford located in Aldario's Plaza to Coastal Canine Grooming, LLC. Greco was the sole broker for his representation of the landlord. Brita McGee has negotiated a three-year lease for 2,000 s/f of 2nd floor retail/office space located at 263 Boston Post Rd., Orange, to Sun West Mortgage. McGee represented the landlord and Dick Brown of Remax Right Choice, represented the tenant. McGee and Greco negotiated a lease for 750 s/f of retail space at 973 Boston Post Rd., West Haven, to Sangam Beauty Salon. McGee and Greco were the sole brokers in this transaction. Greco and Mike Boyarsky have facilitated the sale of Shoreline Laundromat located at 20 Alps Rd., Branford. Greco and Boyarsky were the sole brokers in the transaction for their representation of the seller. Colonial Properties, Inc. is a full-service commercial real estate brokerage firm handling all types of commercial and investment real estate transactions including the sale and leasing of retail, industrial, office and investment properties, as well as brokering land and business sales.
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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.

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.
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.