News: Retail
Posted: January 28, 2022
Shea Commercial Properties brokers $1.975m sale of Red Tavern
Methuen, MA Shea Commercial Properties Inc., has completed the sale of the famous historic Red Tavern building along with the historic Masonic Lodge building located in Methuen Sq.
The Red Tavern functioned as a guest house for Edward Searles, prominent local millionaire, during the late 1800s and early 1900s. The Masonic Lodge served as the John Hancock Masonic Lodge place for Mason meetings.
Both buildings will be preserved and reconstructed using historic guidelines with many of the original architectural features remaining.
Sale price according to the registry of deeds was $1.975 million.
Harry Shea of Shea Commercial Properties, assisted the seller and the buyers Exordium Opco LLC in the purchase.
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.
Columns and Thought Leadership
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.
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.
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.