News: Retail

Portland’s first retail incubator space opens: The Black Box

Portland, ME Portland’s growing Washington Ave. corridor welcomes a group of new retail options to the block, in the form of a multi-unit incubator space built inside converted shipping containers. Introducing The Black Box, the first retail space of its kind in the city, offering unique and move-in ready spaces for small businesses to test their product and market without a long-term lease commitment. The Black Box contains five street-front retail units, all of which are currently occupied and officially open for business. 

The flagship tenants of The Black Box include: The Cheese Shop of Portland; North Optical; Campfire Studios + Mulxiply; Evangeline Linens; and All Those Who Wander.

The single-story structure is located at 93 Washington Ave. and was built off-site using repurposed shipping containers by SnapSpace Solutions in Brewer, Maine. Each unit is approximately 300 s/f, offering move-in ready space with eight feet wide double-glass doors off the sidewalk. 

The concept was first conceived by Jed Harris of Cotton Street Holdings, the previous owner of the lot. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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