Lease signings and store openings continue at Legacy Place, Dedham
Lease signings and store openings continue at Legacy Place, while sales and customer traffic are well ahead of projections. Recent store openings include Lululemon Athletica, Urban Outfitters, Paper Source, Stellabella Toys, Orvis, Brooks Brothers Country Club, 344, Lucy, ALDO, Free People, Express, Levi's and b.good. Anchored by Whole Foods Market, L.L.Bean, Showcase Cinema de Lux, Borders, and Kings, Legacy Place is filling a void in a 500,000-person primary trade area with an average household income of more than $100,000.
"Where we are in terms of leased and opened is amazing for a new project even in the best of times," said Mark Roberts, senior vice president, leasing, WS Development. "We are 93% leased with several deals working on the few spaces we do have left. We are looking to fill these spaces with great retailers that answer the call in this dense, affluent market. The most exciting thing is the quality of customer we are seeing on the sidewalks at Legacy Place."
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.