News: Retail

Summit Realty Partners begins renovation for 41,200 s/f Spaulding Commons

Summit Realty Partners is leasing space at the 41,200 s/f Globe Plaza which is currently being renovated with major improvements to the façade, parking lot, landscaping, and pylon signs. When complete, the shopping center, which was originally built in the 1960s, will emerge as "Spaulding Commons" a modern day neighborhood shopping destination. The location of Spaulding Commons, at the base of Exit 14 on the Spaulding Turnpike, makes the shopping center convenient to both local residents and the 33,200 daily average vehicles passing by on the Spaulding Turnpike. Planet Fitness recently executed a ten-year lease renewal for 12,768 s/f at this neighborhood shopping center located at the lighted intersection of No. Main St. and Ten Rod Rd. Other businesses at Spaulding Commons include but are not limited to H&R Block, Sun Tan City, Rent A Center and Little Caesars. Area businesses include Hannaford Supermarket, Home Depot, CVS Pharmacy, Dunkin Donuts, and many more. Chris McMahon of Summit Realty Partners represents the landlord, R.E.L. Commons in its leasing efforts. Present leasing opportunities exist at Spaulding Commons for up to 9,000 s/f.
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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.