Portland, ME New owner/local developer, Fore Street Partners, has welcomed Higher Grounds Café to 45 Wharf St. In January of 2016, the owner and its affiliated companies purchased approximately 50,000 s/f on Fore and Wharf Sts. and are committed to diversifying the tenant base and upgrading this block. 51 Wharf night club previously occupied 5,000 s/f in the building. The space will now be replaced by the Higher Grounds coffee shop and bakery and will feature a new façade.
In conjunction with Fore Street Partners, NAI The Dunham Group is reaching out to the market in search of restaurants, arts or retail users to fill the remaining space and complete the goal of transforming this block of Wharf St. The owner is flexible and welcomes creative ideas to help turn this area into a destination for food, coffee, retail and pubs. The remaining 3,500 s/f is available for lease. It can be subdivided into two smaller spaces and features a fully built-out kitchen for food users.
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.
Boston’s iconic Newbury St. continues to thrive as one of the most vibrant and compelling retail corridors in the United States. Nestled in the heart of the Back Bay, this historic St. has evolved into a powerhouse of high-St. retail, where luxury meets lifestyle and legacy brands coexist with up-and-coming names. With its European charm, diverse architecture, and unmatched foot traffic, Newbury St. remains a dynamic reflection of Boston’s energy, culture, and economic strength.
As new tariffs continue to impact the global economy, retail businesses and investors are grappling with heightened uncertainty. From new high tariffs to supply chain issues to evolving consumer behaviors, continual changes are making it as or more challenging than the pandemic years. Yet, amidst this turbulence,