Friday, April 29, 2011

News: New England

Cardi’s Furniture opened a 5,000 s/f mattress store at a former Blockbuster in Plymouth, MA, Cardi’s 13th standalone mattress store. Cardi’s Furniture operates 20 stores in MA and RI...Ground was broken this month for 5,000 s/f of additional retail space at 780 Providence Highway in Dedham. Existing tenants in the two-building property include Bed, Bath & Beyond; Verizon Wireless; The Vitamin Shoppe; and Massage Envy. The property is scheduled to be completed by this summer...Work on a $10 million renovation of the Pheasant Lane Mall will begin early next month. The mall will remain open during the project, which includes the addition of a new Dick’s Sporting Goods store. Two new restaurants, Burton’s Grill and Red Robin Gourmet Burgers, will be added to the 1 million s/f mall...Charles River Apparel began construction on a 1,000 s/f retail store within the company’s nearly corporate office/warehouse on Route 1 in Sharon. The store will feature rainwear, athletic apparel and outerwear...UFood Restaurant Group, Inc. will open between 5 and 8 new locations in the coming year. The company has recently contracted with two army bases, and is expanding its presence at airports and hospitals...Boston’s W Hotel was sold, less than a year after its developer filed for bankruptcy protection. Pebblebrook Hotel Trust is buying the hotel from developer Sawyer Enterprises for $89.5 million. The transaction did not include the 123 condominiums on the property. The hotel will continue to be operated by an affiliate of Starwood Hotels and Resorts Worldwide Inc...Ace Ticket is moving to a new $3 million Kenmore Square headquarters, complete with a high-tech ticket kiosk. Ace bought commercial space across the street from Kenmore’s landmark Citgo sign to serve as the company’s new base. The firm intends to build a storefront at the site in the next few months...MAD Corp. LLC, parent company of the Oyster Bar Grill on Martha's Vineyard filed for Chapter 11 bankruptcy protection...Aldi Foods, which is expanding into Worcester next month and already has shops in Hadley, Milford, Raynham and Springfield, is planning a 10,000 s/f store to open in June at the former Toys “R” Us location in Medford’s Fellsway Plaza. The company expects to open three more MA stores next year...Whole Foods is no longer pursuing plans for a location in South Burlington, VT. The national organic food retailer dropped South Burlington from a list on its website of more than 50 locations in development. Whole Foods has more than 300 stores...Five Below opened a 7,500 s/f store in the Berkshire Crossing shopping mall in Pittsfield, MA. The chain plans to open 50 stores in new and existing markets this year...Firehouse Subs is expanding into 9 states, including Massachusetts, with 69 franchises in the Boston area. The chain, which currently has 416 locations, is looking to open 429 new stores.

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