Galleries Fill Storefront Gaps in Malls
Mall landlords seeking to fill vacancies and local artists looking for high-traffic exhibition space were a natural match that needed an introduction.
Developer Shrinks Housing Project at South Shore Plaza
A housing developer has reduced the size of a proposed multifamily project at Braintree’s South Shore Plaza after recent objections from neighbors, while defending housing as a “fundamental right.”
495-Unit Housing Development Proposed at South Shore Plaza
A Florida developer’s first Massachusetts project proposes 495 apartments at Braintree’s South Shore Plaza.
102K SF Offices Approved for Empty Burlington Mall Anchor
The former Lord & Taylor store at Burlington Mall will be converted into 102,000 square feet of office space under plans approved by town officials.
Burlington Mall Names New Restaurants, Retailers
Shake Shack, Fogo De Chao, Bennett’s Sandwich Shop and Parm will open in a portion of the Burlington Mall formerly occupied by Sears and undergoing an extensive renovation project.
After Price Cut, Simon and Taubman Aim to Ring Up Mall Deal
Simon Property Group, the nation’s biggest mall owner, has negotiated a lower price to purchase a controlling interest in Taubman Centers in a deal that was nearly killed by the coronavirus pandemic.
Florida Firm Buys Auburn Mall Ex-Anchor Space for $50M
A Florida private equity firm specializing in senior care homes and medical office facilities has bought a large slice of the Auburn Mall for $50 million.
Simon, Brookfield Close to Buying JC Penney Out of Bankruptcy
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.
Simon-Taubman Deal Implodes as Virus Shakes Retail
The nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry.
‘Reopened’ States Give Glimpse of Pandemic Retail
The exact terms of Massachusetts’ reopening still to be determined, but Americans elsewhere are getting their first taste of what pandemic shopping looks like at their local mall.
Macy’s Set to Begin Staggered Reopenings
Macy’s stores will begin reopening Monday in five states as the troubled department store chain begins a gradual return to brick-and-mortar operations.
Housing Could Be Retail’s Savior
A hurricane of an economic storm is now headed straight for some of the most successful malls in the region, leaving them suddenly vulnerable in a way that just a few months ago would have seemed impossible.
Simon Property Group Temporarily Closes All 12 MA Properties
One of the country’s largest operators of malls announced it is closing its U.S. properties temporarily due to the coronavirus outbreak.
Mall Owners Among Group Bidding $81M for Forever 21
A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in September.
Burlington Mall Expansion Will Include Japanese Barbecue Restaurant
Electronic repair specialist uBreakiFix, Modern Acupuncture and Japanese barbecue concept Gyu-Kaku are joining the list of tenants at The Village at Burlington Mall, the redevelopment of the former Sears Auto building.
Caffe Nero Coming to Burlington Mall Expansion
Upscale coffeehouse Caffe Nero will open in September at The Village at Burlington Mall, part of the first phase of the mall’s expansion to accommodate new restaurant tenants.
Industrial Gains, Retail Repositioning
In the commercial real estate world, one could say the retail sector’s loss was the industrial sector’s gain in 2018. The same can’t be said for the hotel sector, where most everyone’s gains contributed to the hospitality industry’s growth last year.
Another Shopping Mall Property Marketed for Redevelopment
Cushman & Wakefield will market the 87-acre Eastfield Mall property in Springfield as a redevelopment opportunity.
Malls Peel Back the Walls
Are we entering phase two of the live-work-play phenomenon sweeping the development industry in Eastern Massachusetts?
Northshore Mall Adding Life Time Fitness
A 114,000-square-foot fitness center will open in 2020 at Peabody’s Northshore mall, the next chapter in a series of updates to the 1.1-million-square-foot property.
