News: Retail

Dickinson Dev. completes 69,000 s/f Stop & Shop on old landfill site

Dickinson Development Corp. recently completed its third retail project in four years. A new 69,000 s/f Stop & Shop opened in September, occupying a five-acre parcel on Walkers Brook Dr., across from Dickinson's 480,000 s/f, $90 million Crossing at Walkers Brook retail center off Rte. 95 and I-128, home to Jordan's Furniture, Home Depot, Staples, Linens 'N' Things, and seven other retailers and restaurants. Dickinson's partners in the project were Pinnacle Partners of Braintree and Morris & Morse Co. of Boston. General contractor Pinncon LLC began the supermarket's site work last December. The site had been home for decades to the former Boston Stove Co. and more recently housed several warehousing tenants. "The success of Walkers Brook is having a 'snowball' effect on an area once seen as a no man's land because the predominant use was a closed dump and older industrial buildings," said Mark Dickinson, president of Dickinson Development. The project has created hundreds of new jobs and will provide a permanent stream of real estate taxes to Reading and income tax revenue to the commonwealth. "Just as important," said Dickinson, "we transformed a landfill into an attractive, productive destination retail site."
Tags: Retail
MORE FROM Retail
Retail

McEvoy of Conrad Group facilitates $9.5m sale of Sterling Plaza

Randolph, MA Sterling Trust has sold its Sterling Plaza neighborhood retail site located at 45 Mazzeo Dr. to The Shops at Randolph, LLC. The property is home to several restaurants, including the West End Grill, The Well, Outback Steakhouse and It’s Game Time Sportsbar.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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.
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.