News: Retail

Northeast Retail Leasing and Management completes four leases totaling 60,000 s/f

According to Michael Sarasin and Richard Giveans of Windsor based Northeast Retail Leasing and Management Company, LLC, the firm has recently completed 4 leases totaling 60,000 s/f at School Street Square Shopping Center. Sarasin said leases are signed with O'Reilly Auto Parts, Cardia Express, Grossman's Bargain Outlet and Dunkin' Donuts for the former unanchored and over 50% vacant community strip center built in the 1960s and renovated in the 1980s for the Big Y tenancy. Giveans noted that the tenants recognize the center offered excellent highway access and a densely populated trade area otherwise, underserved in the northern half of East Hartford. In addition to leasing, Northeast managed the entitlement process, design and construction necessary to secure the new tenancy and to make the property competitive among retailers and attractive to the dense residential population surrounding the site. With few remaining vacancies the Northeast team is working with potential grocery stores. Other national/regional tenants at School Street Square include Rainbow Apparel, Rent A Center, Family Dollar, Subway, First Choice Health, Superior Liquors, as well as other small retail tenants.
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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.