News: Retail
Posted: September 29, 2023
Malone Commercial Brokers arranges sale of 13,650 s/f retail building
South Portland, ME Malone Commercial Brokers has arranged the sale of 725 Bdwy., a 13,650 s/f retail building. The property, previously owned by FT Holdings, LLC, has been acquired by C725 Broadway LLC in a transaction of undisclosed value. Joe Malone and Jennifer Small of Malone Commercial Brokers brokered the deal, which closed on August 22, 2023.
Charlie Mitchell, owner of Bayside Bowl, expressed enthusiasm about the acquisition, citing the location’s proximity to the existing Bayside Bowl and its striking structural and aesthetic similarities. Mitchell noted that the new venue features a sunset patio reminiscent of 725 Broadway Bayside’s sunset roof and a bar layout that mirrors the original establishment. Mitchell emphasized that bowling remains the core focus at the new venue.
This expansion represents an exciting development for Bayside Bowl and the local community, promising an enhanced entertainment experience while preserving the essence of the original establishment.
Tags:
Retail
MORE FROM Retail
Retail
The Landing at Hyannis expands with additional retailers
Hyannis, MA The Landing at Hyannis continues its transformation with three new businesses joining its roster of retail and dining options. These brands, making their debut on Cape Cod, include fashion retailer Nordstrom Rack, physician-owned medical spa SkinMD, and eyewear retailer Warby Parker.
Quick Hits
Columns and Thought Leadership
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
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. 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.
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.