According to David Kaplan, leasing manager at South Cape Village, a 160,000 s/f grocery anchored shopping, four new tenants opened at the center. The Mashpee Chamber of Commerce has opened their new visitor center and offices in a 1,212 s/f inline space at 17 Joy St.
Tacos Tacos, a tacquiria style takeout and quick-serve, opened in August. It is a 994 s/f space.
M. Cohen & Sons, a high-end architectural custom metal designer and fabricator serving both residential and commercial construction also opened in August. M. Cohen & Sons, a part of spiral staircase manufacturer The Iron Shop, has taken 710 s/f.
Recently opened is Stephen Haines Photography, featuring portrait and event photography, and Wicked Restaurant and Wine Bar has added an additional 1,000 s/f to its previous 4,755 s/f footprint.
South Cape Village is an outdoor center, which appeals to year-round customers and draws from the Cape's 5.3 million annual visitors.
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.