Thursday, May 16, 2013

Industry News: New England

Potbelly Sandwich Shop has opened its newest MA location at Wayside Commons in Burlington...Nordstrom will open a 33,000 s/f Nordstrom Rack at The Shoppes at Blackstone Valley in Millbury, MA in fall 2013 in the former Wine Nation space. Nordstrom came to MA in 2007 with its Natick full-line store, and went on to open 3 more full-line and 4 Racks, including the recent new Rack store in Boston’s Back Bay...Shake Shack has applied for a permit to operate a restaurant at 57 John F. Kennedy St. in Harvard Square. Shake Shack opened its first Boston-area restaurant in Chestnut Hill in March...After a 20-year run, Pride & Joy has closed its brick-and-mortar retail store in Thornes Marketplace, Northampton, MA...The stalled Westwood Station project is back on track. The 2 million s/f project by New England Development, Eastern Development, and National Development will include Wegmans and Target, each occupying 130,000 s/f anchor locations. The plan also calls for as many as 650 apartments and condos, other stores, offices, a hotel, and an assisted-living facility. About 550,000 square feet of retail space and 350 apartments will be built in the first phase...Cohasset, MA-based Wicked Good Cupcakes brings its concept – cupcakes served in mason jars – to Faneuil Hall in Boston, starting this month...Cheeseboy is seeking to hire 30 team members for its new 1,200 s/f restaurant in Downtown Crossing, expected to open this spring. Cheeseboy operates 8 other locations, including four in MA -- at South Station, the Prudential Center Mall, South Shore Plaza and the Natick Mall...Eastern Mountain Sports is closing its store on Boylston St. in Boston. The shop will be replaced by sandwich chain Pret A Manger, which has 2 Boston locations. Pret A Manger operates more than 300 shops worldwide...Sydney Associates and Spellman Ventures of Natick will break ground on a new 12,000 s/f building at 355 Fresh Pond Parkway, Cambridge, MA which will feature metal and glass storefronts. The new building will replace the former Fresh Pond Seafood store, which closed in 2006 and has sat vacant ever since...WS Development will develop a 500,000 s/f outlet center in Cheshire, CT, expected to open in summer 2015 at the I-84/I-691 Interchange along Route 10. The complex will include public open space, walkways, recreation amenities, a residential component and full service grocer...the Kmart store on Woodbury Avenue in Portsmouth, NH will close in mid-August after 35 years.The closure is part of a series of actions the company is taking to reduce expenses...Local bakery chain Cupcake Charlie’s is opening at Patriot Place, the entertainment-and-shopping complex next to Gillette Stadium. Foxborough will be Cupcake Charlie’s fourth location...Boston developer Samuels & Associates has sold the 265,000 s/f Riverway Plaza in Weymouth, for $21.5 million to CBRE Global Investors. Riverway Plaza is a redeveloped shopping center on Route 3-A on the Hingham/Weymouth line. It is fully tenanted and anchored by Lowe’s and Staples. The stores include CVS, Dollar Tree, Margarita’s and D’Angelo’s/Papa Gino’s.

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