News: Retail
Posted: May 26, 2023
NAI Glickman Kovago & Jacobs brokers
$734,000 sale to 153 Green Street LLC
Worcester, MA NAI Glickman Kovago & Jacobs facilitated the $734,000 sale of 153 Green St. The seller, Boston Capital Development LLC was represented by NAI Glickman Kovago & Jacobs principal Michael Jacobs. The buyer is 153 Green Street LLC.
The sale includes a portion of the famous Table Talk Pie factory slated for redevelopment, which is a two story, 25,000 s/f high-profile building located in the Canal District. The overall development is a four-acre site directly adjacent to Polar Park with proposed 30,000 total s/f of new street-level retail and 450 apartments across multiple projects.
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Quick Hits
Columns and Thought Leadership
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
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. 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
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.