News: Retail

Kensico Properties leases 4,000 s/f to JP Morgan Chase Bank

JP Morgan Chase Bank has signed a 10-year renewal space at Pickwick Plaza 3A two years before its current lease expires. Located in a 4,000 s/f, multi-level space in the renowned complex owned by Kensico Properties and managed by Hines, it sits directly on Greenwich Ave. near Post Rd., with the main entrance just inside the plaza. Moreover, it is one of the busiest branches in the Greenwich area, offering such customer benefits as onsite parking and immediate access to the city's prestigious shopping corridor. "This is a particularly vital section of Greenwich with major foot traffic and shoppers driving in from the surrounding areas," said Alan Zimmerman, executive vice president of Kensico Properties. "Pickwick Plaza has the advantage of being one of the few class A office properties in the center of town with on-site parking to accommodate valued tenants like Chase and its customers."
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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.

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Columns and Thought Leadership
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.
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.