News: Retail

The Grossman Companies renews 1,059 s/f lease to Second Time Around

The retail portion of the mixed-use building at 572 Washington St., known as The Rotunda Building, in Wellesley Center is close to 100% occupancy. Second Time Around, has renewed its lease of 1,059 s/f. The 35 year-old company, which operates 29 stores in 11 states, is a premier consignment company, offering customers and consignors "upscale resale" with affordable, high-end style. The announcement was made by Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., exclusive broker for the property who represented the tenant and the landlord, Rotunda Realty Trust, in lease negotiations. McKinnon said the tenant, which has had a retail shop at this location since 2005, likes the property's easily accessible location in the center of one of the region's most prestigious towns. Among long-time tenants in the building are Anderson Jewelers, J. Todd Gallery and Amarin II, Rutledge Properties and Truly Yogurt. Second-floor office tenants include financial advisors, venture capital firms and other professionals.
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Columns and Thought Leadership
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.
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.
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.

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.