Friday, August 23, 2013
Industry News: New England
The Crossings, Newington, NH is hosting a farmers market in the Trader Joe's parking lot. Seacoast Growers Association, which runs farmers markets in Durham, Dover, Exeter and Portsmouth, will operate the market, which will be open Tuesdays for an eight-week trial run, and if it goes well, will be extended through the rest of the season. KeyPoint Partners manages and leases The Crossings...Shaw's Supermarkets is closing six New Hampshire locations by Sept. 2, with Manchester, Keene, Seabrook, Goffstown, Tilton and West Lebanon each scheduled to lose a store. The company launched several initiatives recently to regain customer share from competitors like Market Basket and Hannaford, but could not forestall the closures. In related NH supermarket news, Stop & Shop will close six New Hampshire supermarkets and gas stations on Sept. 21, and will no longer have a presence in New Hampshire. The locations include Bedford, Hudson, Exeter, Milford, and two in Manchester. The stores range in size from 55,000 square feet to 65,000 square feet, although the one in Manchester is about 80,000 square feet...Boylston Properties and the Wilder Cos. paid $70.5 million for the Arsenal Mall and adjacent Harvard Vanguard Medical Associates building on Arsenal Street in Watertown, MA. The firms also acquired the Golfsmith building, an adjacent property located between the Arsenal Mall and The Home Depot. Arsenal Mall, previously owned by Simon Property Group, is home to Sports Authority, Old Navy, Marshalls, Gap Outlet, Forever 21, Chipotle, Bath & Body Works, Ann Taylor Factory Store, and Victoria’s Secret...The Patrick administration selected a developer to build a hotel and retail complex on Boston’s Rose Fitzgerald Kennedy Greenway. Normandy Real Estate Partners will add several new restaurants, a pavilion for the Boston Harbor Islands, public art installations, and a carousel that will open Labor Day weekend. Normandy’s building, to reach up to 10 stories, will anchor a district of food businesses that will center around the Haymarket pushcart vendors and include an indoor farmers market above the Haymarket MBTA station, as well as several restaurants and specialty food stores. The firm is partnering on the project with the real estate firm Jones Lang LaSalle...Nespresso announced the opening of its redesigned 2,400 s/f flagship store in Boston's Back Bay. The redesign is the latest indication of the brand’s commitment to expanding its US presence.