Monday, May 21, 2012

Industry News: New England

Corner Bakery Café will open 22 new locations in Rhode Island and Connecticut in the next 8 years. Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with more than 130 US company-owned and franchised locations…Davio’s Northern Italian Steakhouse and Yard House restaurant will be tenants of MarketStreet Lynnfield, a 680,000 s/f mixed-use project under development north of Boston. Whole Foods, the Legal C Bar restaurant and Kings are the only other announced MarketStreet tenants…Boston’s first Pret a Manger cafe, an Athleta shop run by Gap Inc., and an expanded H&M store will fill the former Borders space at the Newbry building on Boylston Street. Borders abandoned the site last year after the bookseller liquidated…Jo-Ann Fabric and Crafts recently opened at Belknap (NH) Mall, and will open in late spring at Rochester Crossing in the Seacoast Region…The Palm restaurant is opening in a new location in an 8,300 s/f restaurant in the lobby of One International Place…One World Cuisine, the Cambridge-based restaurant company, has shuttered Café of India, a landmark in Harvard Square, and is planning to close Mantra in Boston’s Downtown Crossing…The owner of the Lucky 7 casino-style arcade in Gloucester plans to open a second location inside the Liberty Tree Mall on Independence Way…National Grid has installed 11 of its 30 new electric vehicle charging stations at select Ninety Nine Restaurants locations in MA…TD Bank, which has been aggressively expanding in the Northeast, wants to add 50 to 60 more MA branches, including 10 more sites in Boston. The company has 160 MA branches already, making it the Bay State’s fourth-largest bank…The Glynn Hospitality Group will open a new restaurant, the Grain Exchange, in a 200-year-old building on the Rose Kennedy Greenway in June. The Glynn Hospitality Group also operates The Black Rose, The Purple Shamrock, Dillons and Clerys…The parent of Rockland Trust Co. has agreed to buy Central Bank in $54.8 million deal. Rockland Trust, whose corporate parent is Independent Bank Corp. of Hanover, has 67 retail branches, 10 commercial lending centers, and 4 mortgage banking centers located throughout MA. Somerville-based Central Bancorp Inc. is the holding company for Central Bank, which has 9 metro-Boston branches...Microsoft will open a superstore this summer at the Shops at Prudential Center, across Boylston St. from the Apple Store, in the 7,000 s/f space that once housed Ann TaylorMarket Basket held a grand opening this month for its downtown Manchester, NH location. It is Market Baskets's 65th store overall and 28th in NH. A Market Basket in Bedford is under construction...Tenants announced for Cornerstone Square, the 238,000 s/f office-and-retail development under construction at the intersection of Route 110 and Boston Road in Westford, MA, include: Market Basket, National Pet Care and Supplies, Family Eye Care, Dalla Nails, Great Clips, Westford Florist, Ladybird Lingerie, Elements Massage,Premiere Cleaners. Panera Bread, Five Guys Burgers and Fries, and Tutti FruttiCity Sports opened its 21st store, in Burlington, VT on May 6...Shake Shack will open its first MA store next year at the Chestnut Hill Shopping Center in a 3,000 s/f space formerly occupied by the Rugged Bear, and will offer take-out and restaurant seating at the location. Shake Shack has more than a dozen restaurants…Marimekko, the Finnish textile and clothing design company, will open its third US store and first Boston store in July, a 3,200 s/f store at 140 Newbury St...Designer footwear boutique Stuart Weitzman and women’s apparel shop Soft Surroundings will open at the Chestnut Hill (MA) Mall...The Merrimack, NH Planning Board approved a plan for 3 restaurants and a bank at the Merrimack Premium Outlets. The Outlets, which has been in the works since 2004, will feature more than 100 stores.

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