News: Retail

Simon Property Group files Draft Project Impact Report for Copley Place

Simon Property Group, Inc. has filed a Draft Project Impact Report with the Boston Redevelopment Authority for its proposed expansion and renovation of Copley Place. The filing follows the Project Notification Form submitted in June 2008 followed by numerous meetings with the appointed Citizens Advisory Committee, and various public agencies of the City of Boston to carefully review and discuss the project beginning in June 2008 and continuing through August 2011. Simon's $500 million project seeks to transform Copley Place from a retail and office destination into a mix-use development. Incorporating sustainable, transit-oriented, and smart growth design principles, this project will create 1,700 construction jobs and 270 permanent jobs for Boston's economy. The 47-story building will have 318 residential units and 115,000 s/f of new and expanded retail and restaurants. "The expansion of Neiman Marcus and Copley Place strengthens our retail destination in the Back Bay and contributes to the city's economic vitality," said Michael McCarty, executive vice president, development operations, Simon Property Group. "The project will enhance the urban fabric of the neighborhood and be a striking addition to the city's skyline." Simon's team of professionals to develop this project include Elkus/Manfredi Architects of Boston; Collaborative Partners, Inc. is the development project manager.
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McEvoy of Conrad Group facilitates $9.5m sale of Sterling Plaza

Randolph, MA Sterling Trust has sold its Sterling Plaza neighborhood retail site located at 45 Mazzeo Dr. to The Shops at Randolph, LLC. The property is home to several restaurants, including the West End Grill, The Well, Outback Steakhouse and It’s Game Time Sportsbar.

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Columns and Thought Leadership
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.

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.
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.