News: Retail
Posted: June 23, 2023
The Boulos Company arranges $1.35m sale
for Portland Art Gallery
Portland, ME Portland Art Gallery owner, Kevin Thomas, and gallery director, Emma Wilson, purchased 154 Middle St. for $1.35 million from Peak 5 Equities, LLC. They have operated in this location since 2011. Greg Boulos of the Boulos Company represented 154 Art Ventures, LLC in the transaction.
The Portland Art Gallery is one of Maine’s leading art galleries representing over 60 established and emerging Maine artists. The purchase of this building is a win for the art community, including both artists and art collectors, as well as local businesses.
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Quick Hits
Columns and Thought Leadership
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. 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
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.