JB Sullivan completes updates to retail plaza on Rte. 1 Saugus, Mass.
Design-build contractors, JB Sullivan Construction Inc. of Bedford, N.H., has completed the transformation of the outdated retail plaza located at 1069 Broadway, Rte. 1, into a retail destination which incorporates facilities for CVS, Jo-Ann Fabrics, and a third retail facility awaiting its new tenant.
Partnering with site owners, Rte. One Saugus, LLC, Simeone Saugus, LLC, and Nomist Realty/1069 Broadway/Saugus, LLC and project architects, BKA Associates of Brockton, Mass., the Sullivan team, under project manager Rob Johnstone, was responsible for site demolition, clean up, building construction, tenant fit up, HVAC, electrical and plumbing utilities, security and sprinkler system installation, landscape, and site pavement construction along the busy corridor.
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.