Boulevard Consumer Sq. in Amherst welcomes five new tenants
The Boulevard Consumer Sq., which is about the say good-bye to one anchor tenant, is poised to welcome five new stores.
The 700,000 s/f plaza, located on Niagara Falls Blvd., will be seeing its oldest tenant, Kmart, close its 115,600 s/f store in January.
Developers Diversified Realty Corp., has lined up five tenants for what will be the revamped Kmart store. All five stores should be open within the next 12 months.
According to Town of Amherst documents, the Kmart store will be jointly occupied by Eastern Mountain Sports, Ultra Cosemtics, Christmas Tree Shops, OfficeMax and Old Navy.
DDR is also planning a 7,100 s/f out parcel near the Kmart store that will likely house one or two restaurants.The center is anchored by such tenants Lowe's, Best Buy and Target.
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.