News: Retail

Glickman Kovago & Co. brokers three retail leases totaling 8,450 s/f

Glickman Kovago & Co. has brokered three retail lease agreements at 560 Lincoln St. The smallest of the spaces, 1,200 s/f, was leased by Pleasant Smoke Shop. Pleasant Smoke Shop is opening its second location here in Worcester offering a large selection of roll / make your own, premium and domestic cigars, pipe tobacco, and all tobacco needs. Pleasant Smoke Shop currently has a location in Malden. David Cohen represented both parties in the transaction. BMG Operations leased the 2,950 s/f retail storefront. BMG Operations is expanding its sweepstakes business from North Carolina to the New England area opening stores in Worcester and Springfield. The latest store, Worcester Cyber Café, is slated to open December 1. Mark Johns of Glickman Kovago & Co. represented the lessee and David Cohen represented the owner, Saddlebred LP in this transaction. The largest end cap space in the plaza, 4,300 s/f, was leased by All About Home Furnishings, Inc. which is opening its second store in Worcester. The first location is on Park Ave. David Cohen represented both parties in the transaction. 560 Lincoln St. is 22,240 s/f and is now fully leased. Other tenants include a liquor store, AutoZone, U.S. Post Office, tanning salon and a convenience store.
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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.
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.
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.