The improvements project for the Big Value Plaza is now complete. "We undertook these renovations to make the plaza a more welcoming and convenient shopping experience. We've had very positive feedback from our shoppers," said David Tatelbaum, owner of the Plaza's Big Value anchor store.
Only the new BayCoast Bank branch that will front on Dartmouth St. is still in the finishing stages. It will be the bank's first South Dartmouth location and is projected to open early this year.
All new LED lighting in the parking lot significantly reduces the plaza's carbon footprint, and the installation of a bio-retention area in a front section of the parking lot facilitates water absorption into the soil and helps with drainage into the town's water system. A more customer-friendly parking configuration improves traffic safety and adds convenient spaces in front of the specialty stores as well as handicapped parking spaces to the lot.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.