Thursday, June 21, 2012

Industry News: New England

Avery Provision Co. and Sip Wine Bar & Kitchen will open next month at the Ritz Carlton Residences in Boston’s Downtown Crossing in the former Bina Osteria and Bina Alimentari spaces. The restaurant and bar are the latest additions to the Legendary Restaurant Group, which runs Scollay Square, Tavern on the Water, Max & Dylans, Papagayo, Andiamo, and Creative Palate CateringNational Amusements will open a 6-screen Cinema de Lux complex at the Chestnut Hill Shopping Center in Newton, MA. in March, at the 120,000 s/f former Macy’s site...New owner RD Management will fill the 133,000 s/f section of the Meadow Brook Center shopping plaza in Lowell, MA with new tenants Eblens, Dots, The Children's Place, Best Fitness, Five Below, GNC, Hair Cuttery and Sleepy's. The center will receive a new façade and column treatments…Hot Harry’s Fresh Burritos, a fast-casual Mexican restaurant and catering franchise, will open its 9th location, this one in Boston. The company’s headquarters are in Pittsfield, MA where the first Hot Harry’s opened in 2004...Talbots Inc. failed to reach an agreement to be acquired by Sycamore Partners for $215 million within its exclusivity period. Talbots had more than 500 stores in the US and Canada at the end of fiscal 2011...Shreve, Crump & Low moved its flagship Boston store to 39 Newbury St. after operating at 440 Boylston St. for 7 years. Dubbed America's oldest jeweler, Shreve has operated in Boston since the late 18th century...Bertucci’s has closed at the Atrium Mall, Chestnut Hill, MA bringing the occupancy rate to under 20%...Tanger Factory Outlet Centers Inc. will build, manage and co-own the 320,000 s/f, 85-store mall proposed at Foxwoods Resort Casino, to be called the Tanger Outlets at Foxwoods…Tractor Supply Company has received approval from the Rochester, NH planning board to start building their new retail store as early as this fall, to be open this spring. The 19,000 s/f store, with a 15,000 s/f outdoor display area, will have access through Two Rod Road…Trader Joe’s grocery store will open in Nashua on July 16. The 9,850 s/f store, is only the second in northern New England. The grand opening day for the Trader Joe's store which will occupy 11,700 s/f at the former Pet Quarters location at The Crossings at Fox Run, Newington, NH has been set for Friday, Sept. 7. Nationwide, the company has more than 350 stores, including 17 in Massachusetts, and one in Maine...The Bulfinch Cos. is buying the Atrium Mall from Simon Property Group for $50 million in a deal expected to close this month. The Mall will likely be converted into medical offices. The 205,000 s/f mall has been on the market since January. Simon has owned a 49.1% stake in the Atrium Mall since 1999, when it acquired it as part of a purchase of 14 malls from New England Development...Self-serve frozen yogurt chain Orange Leaf will open a new location in the former Nikki’s Liquor’s space at 1726 Mass. Ave. in Lexington Center in the next few months.

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