Five new tenants at WS Development's Chestnut Hill Shopping Center
Several new retailers have joined Chestnut Hill Shopping Center according to WS Development, the center's owner and developer. The new tenants are:
* Angora Ice - 413 s/f shop will offer yogurt, smoothies and other sweet treats.
* Comella's - 1,027 s/f Italian dining establishment will open in early fall.
* EyeSpot - 1,554 s/f space will offer patients access to all three forms of eye care, including an optician, optometrist and ophthalmologist.
* Urban Grape - 2,487 s/f wine, beer, spirits, sake store.
* AT&T - 2,784 s/f store.
All of the new retailers are located in space adjacent to Star Market, which re-opened in a new building last fall. As part of the new building construction, more than 5,500 s/f of additional retail space was created.
"These new dining and service options are the perfect complement to Star Market section of the center, creating a convenient hub of activity for Chestnut Hill shoppers," said David Fleming, director of corporate marketing for WS Development.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.
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.