Thursday, January 19, 2012

Industry News: New England

Trader Joe's will open a store at Patriot Place this year, between Christmas Tree Shops and Staples. The 16,000 s/f store will be Trader Joe's 18th MA location, and the only one within a 15-mile radius of Foxboro...A Bloomingdale's Outlet will be among the 100 stores opening this spring at the Merrimack Premium Outlets. The Merrimack store will be one of 5 new Bloomingdale's Outlets across the country. The 25,000 s/f Outlet will  anchor the outlet center, slated to open in June…Boston’s Back Bay welcomes 2 new Ann Taylor stores as the women’s retailer tests a new concept: the boutiques are “inspired by a stylish modern contemporary home and are meant to make a customer’s shopping experiences more intimate and chic”. One shop opened in December on Newbury Street, the other will open in March at the Prudential Center. The concept will ultimately replace all Ann Taylor locations throughout the country. Ann Taylor has 373 stores…Nordstrom will open its first CT Nordstrom Rack, a  35,000 s/f store in the West Farm Shopping Center on New Britain Ave. Nordstrom has 104 Rack outlets in the US, in addition to its 116 full-line stores…The Atrium Mall in Chestnut Hill is losing two more tenants: toy shop Creatoyvity and Pottery Barn Kids are closing their doors within the next few weeks, reducing the number of retailers to less than two dozen from a high of about 50. Over the past two years, Borders, Williams- Sonoma, Abercrombie & Fitch, Tiffany & Co., and White House Black Market all closed. J. Crew and Ross-Simons are expected to move across Route 9 to the Chestnut Hill Mall in the spring. Simon Property Group has hired Eastdil Secured to market the 205,000 s/f Atrium …The Old Connecticut Path Marketplace in Framingham has changed hands for $23.2 million. Equity One Inc. bought the Saxonville shopping center, which is anchored by Super Stop & Shop, from National Development Associates of New England. The 80,198 s/f hopping plaza is also home to Firefly’s Bodacious Bar-B-Que and Fifth Ave Liquors...Firehouse Subs will open 69 locations in the Boston area, and a location has been set for the first one, at 545 Boylston St. Firehouse Subs has 450 restaurants in 29 states…Friendly’s Ice Cream closed another 37 stores, including 10 in Massachusetts, as it emerged from bankruptcy protection. The chain has now closed about 100 shops since filing for bankruptcy protection in October, about 20% of its locations...Potbelly Sandwich Works will open a restaurant at Logan Airport. There are over 230 Potbelly locations in Chicago, Washington, D.C., Michigan, Dallas, Wisconsin, and Minnesota...Outdoor gear retailer Moosejaw Mountaineering, known for its X-ray app which lets viewers see its catalog models “nearly naked”, will open a 4,500 s/f store at the Promenade at Natick Mall in March. Moosejaw has seven stores in Michigan and Chicago…Jerry Remy’s Sports Bar & Grill, scheduled to open in May of this year at Commonwealth Landing, the 5.5 acre, five-story headquarters of the former Quaker Fabric company in Fall River, is now scheduled to open in late summer. Fall River will mark the fourth Jerry Remy’s in Massachusetts, and the first outside of Boston...Not Your Average Joe’s will open its 16th location, in Seekonk, MA, this month. NYAJoe’s operates restaurants in Hyannis, Newburyport, Medford, Randolph and in Leesburg, Va. and is currently developing a Maryland location...Frozen yogurt chain Zinga opened this month in Kenmore Square, the first of several planned for Boston. Zinga has development agreements signed for more than 160 US shops…Love Culture will open at the CambridgeSide Galleria this month, with another store to follow at the Natick Mall. The company operates 50 stores in 24 states. It opened its first MA location at Legacy Place in Dedham in 2010, and plans 30 locations this year and 100 stores within the next 3 years...AMC Theatres will open a 12-screen state-of-the-art movie complex in Assembly Row in Somerville’s Assembly Square, the first major tenant announced for the development. A new AMC Theatre is also slated to move in to the former Macy’s space at the Chestnut Hill (MA) Mall. The new 7-screen state-of-the-art theatre will replace the current 5-screen AMC at Chestnut Hill.

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