Konover Development Corporation is constructing a multi-tenanted retail project on Rte. 9 bypass. Konover Development purchased this fully approved, 16,410 s/f project from a larger, master-planned development in September of 2008.
The Conn.-based developer has already leased space within the center to local restaurant staples and industry leaders, Five Guys Burgers and Fries and Jerry's Subs & Pizza. The Ranson Shoppes are part of the highly successful Potomac Town Center anchored by Home Depot, Weiss Supermarket & Kohl's on the east side of the signalized highway intersection. On the west side of Rte. 9, Konover's new open air center's neighbors are Rite Aid, Chick-fil-A, Bob Evans and McDonald's. A multiple screen theater complex and other large format retailers are approved as part of the balance of the master-planned Potomac Town Center surrounding Konover's new project. Construction of The Ranson Shoppes is expected to be completed this summer.
Michelle Carlson, vice president of project development and Henry Resnikoff, executive vice president for development, are responsible for completion of the project.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary