Wednesday, December 14, 2011
Industry News: New England
TD Bank has notified federal banking regulators that it plans to close down four of its facilities in Gloucester, Essex, Salisbury, and South Yarmouth, Massachusetts after the first of the year. TD is also planning to close one branch each in Connecticut, Vermont, New York state and New Jersey. TD Bank has more than 1,200 branches in 15 states from Maine to Florida and the District Columbia. It includes branches in 114 cities and towns in Massachusetts alone...A Container Store will open in the Northshore Mall in Peabody, MA. The store will occupy 25,000 s/f of space previously occupied by a Bugaboo Creek Steakhouse; this will be the chain’s third Container Store in MA…Wegmans, which opened a full-scale store in Northborough, MA in October, plans to build a 70,000 s/f store at Chestnut Hill Square on Route 9, directly across from The Mall at Chestnut Hill in Newton, MA. The company does not have a construction schedule or opening date planned, however, according to a press release. Founded in 1916, Wegmans has 79 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland and Massachusetts…Kelly's Roast Beef is closing its Allston operation at 1245 Commonwealth Ave. after a little more than a year there…The Palm Restaurant at Westin Copley Place in Boston will close at year’s end, and move to Boston's Financial District. The restaurant was unable to renew its lease at the Westin Copley.The Palm operates 30 locations. It opened in Boston in 1996...Bernie & Phyl’s will open two stores in Natick, MA next month, buildings at the former Lexington Furniture site in a 34,000 s/f building and a 5,000 s/f. Plans call for a large showroom along with an upscale “Metro Living” concept in the smaller building. The company currently has seven stores…Dave & Buster’s opened its first Massachusetts location in Braintree as part of a national expansion. Dave & Buster’s plans to open 20 new locations across the country over the next five years. The Braintree location, in the former Circuit City building at the South Shore Plaza, is the third new Dave & Buster’s to open this year...Brio Tuscan Grille opened last month at Danbury (CT) Fair Mall, one of 50 of the restaurants that have opened since 1992. Brio joins The Cheesecake Factory, Dick's Sporting Goods and Forever 21 in space formerly leased by Filene's...Big Y has entered into an agreement to buy the assets of two pharmacy locations in Springfield and Wilbraham, MA operated by Louis & Clark Drug Stores. Big Y will operate the stores as Big Y's Louis & Clark Pharmacies. With the addition of these two locations, Big Y will have 40 pharmacies throughout their 62-store chain.