News: Retail

Weissman of Boston Realty Advisors leases 1,800 s/f to Stil Yoga

Jason Weissman, principal of Boston Realty Advisors, recently leased 1,800 s/f of retail space, designed by JFS Design, to Stil Yoga from Newbury St., Boston at the Legacy Place. Betty Riaz, the owner of Stil Yoga, is expanding her brand with this new venture - Stil Studio, yoga and meditation. The grand opening of her Prana Vayu yoga studio with the retail store out front was October 17th. The 675,000 s/f Legacy Place is 93% leased. Anchor stores include Whole Foods Market, L.L. Bean, Borders and National Amusements' Cinema de Lux. Legacy Place is opening on a gradual basis through next spring. Several stores are now open, and about 45% of the tenants have been in business since the end of August. A new Whole Foods Market store opened Sept. 2nd. The 60,000 s/f store will be the Austin, Tex.-based organic grocer's largest in New England, and it will include a 225-seat cafe. Legacy Place will contain about 10 restaurants, the first of which, Asian bistro P.F. Chang's, opened recently. Many of the eateries will have outdoor seating. Cambridge architectural firm Prellwitz Chilinski Associates designed storefronts with varying heights and different materials from brick to cast stone, to give the center the look of a neighborhood that grew over time. In fact, construction has taken just a year-and-a-half.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary