News: Retail

GHP Office Realty signs five leases totaling 10,568 s/f at Tower Plaza

GHP Office Realty, LLC, a substantial owner and manager of commercial properties in both Fairfield and Westchester Counties completed the signing of five leases totaling 10,568 s/f at 120 New Canaan Ave., a 25,000 s/f, neighborhood strip center at Exit 38 off of CT-15 and Exit 2 on US-7. This absorption of space brings the center to 100% occupied. Kelly Houlihan-Buckley and Meghan McEvoy, of GHP Office Realty, represented the owners on the following deals: * Brightview at Norwalk Assisted Living Center has signed a lease for 3,420 s/f to use as a showroom to market available units at their Assisted Living Center which will be located at 162 New Canaan Ave. * A&S Fine Foods of Norwalk, a traditional Italian specialty store with a wide Variety of products and services signed a long-term renewal for their 1,973 s/f retail space. * Café Madrid, a Spanish Tapas and Wine Restaurant signed a long-term renewal for their 2,315 s/f restaurant. * La Bella Salon signed a long-term renewal for their 1,200 s/f salon. * State of the Art Cleaners has signed a long-term renewal for their 1,660 s/f store. The property is currently 100% occupied and the tenants are benefiting from a $200,000 capital improvement project that the landlord has just completed.
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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.

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.
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.