News: Retail
Posted: January 26, 2024
O’Brien Commercial represents seller in $1.125m sale of 3,500 s/f restaurant
Acton, MA Braunfels II LLC has sold Filho’s Restaurant and the 3,500 s/f building located at 59 Great Rd. to Gustavo and Eleni Jolon.
Eric O’Brien of O’Brien Commercial Properties Inc. exclusively represented the seller in this transaction.
The selling price for the real estate was $1.125 million on Monday December 11.
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Quick Hits
Columns and Thought Leadership
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.
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.
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.