News: Retail

Two new leases signed at 3rd Ave Burlington totaling 22,825 s/f

3rd Ave Burlington, the dining and entertainment heart of Burlington, has completed two new leases totaling 22,825 s/f. The signed leases are with Boston Interiors (17,757 s/f) and Carter's Diamonds & Fine Jewelers (5,068 s/f). Being developed by Nordblom Company, the 3rd Ave retail-walking street will be anchored by Wegmans and Kings Bowl and home to The Bancroft, Cambridge Savings Bank, Tony C's, and Redstone American Grill. "Carter's Diamonds & Fine Jewelers and Boston Interiors further add to the high quality of tenants we are attracting to the 3rd Ave project. It is rewarding to watch 3rd Ave evolve into such a unique collection of dining, entertaining, and shopping experiences," said Douglas Wynyard, senior vice president for Nordblom. Boston Interiors is a leading specialty home furnishings retailer serving the Boston metropolitan area, offering customers a blend of stylish, finely-crafted furniture and accessories, professional design assistance, and exceptional value. Since 2001, Carter's Diamonds & Fine Jewelers has been the premier destination for engagement and fine jewelry in the North Shore communities. Carrying such lines as Tacori, Hearts On Fire, Movado and Pandora, customers will have an array of world-renowned brands to choose from. 3rd Ave, a unique addition to the Rte. 128 corridor, is being developed as a wide boulevard lined with restaurants, cafés, retail boutiques and other service amenities, with a focus on pedestrian walkways and public green space. The development is easily accessible to major area roadways, and is bounded by Rte. 3, the Middlesex Turnpike and Rte. 128/I-95.
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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.
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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.
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Placemaking and retail in 2024 - by Carol Todreas

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