News: Retail
Posted: May 24, 2024
The Boulos Co. brokers 1,334 s/f lease for Loquat Shop at Mechanics’ Hall
Portland, ME The Loquat Shop, a fashion brand, has relocated to the first floor of the historic Mechanics’ Hall at 519 Congress St. The move to this location marks a milestone for both Loquat and the Maine Charitable Mechanic Association, the landlord of this property. Nate Stevens and Samantha Marinko of The Boulos Company brokered the deal on behalf of both the tenant and the landlord, facilitating a seamless transition into this historic landmark.
Situated in the downtown arts district, the 1,334 s/f retail space offers visibility at the corner of Congress St. and Casco St. The space has high ceilings and floor- to-ceiling windows.
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Quick Hits
Columns and Thought Leadership
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
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.
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.