News:
Brokerage
Posted: March 26, 2008
Charter Realty & Dev. acquires Westgate Shopping Center for $9m
Charter Realty & Development Corp. acquired Westgate Shopping Center located on Congress St. Shaw's Supermarket, CVS and Advance Auto anchor the 91,000 s/f center. Charter has a full renovation and expansion planned for the center. A new façade package, along with redeveloped parking lot and lighting package are planned.
Charter will be adding two outparcels and reconfiguring the existing retail space so several small stores will become available. The renovation work is set to begin in the spring and will be completed by the end of 2008. The center is located in the heart of the city's population with over 140,000 people living within the trade area.
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Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
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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.