New England Development's 340,000 s/f Chestnut Hill Square taking shape
Chestnut Hill Square is quickly taking shape along Rte. 9. A 340,000 s/f development opening this fall, Chestnut Hill Square will feature a mix of shops and restaurants, many of which are new to the market and others which are the best in the nation.
Wegmans, Equinox Fitness Clubs, Anthropologie, Brio Tuscan Grille, and Seasons 52 are all opening at Chestnut Hill Square, as are Century Bank, Francesca's Collections, Red Mango, and additional shops and restaurants. The project will also feature the first class A medical building to be built in Brookline/Newton in over twenty years, with 60,000 s/f of medical office space.
Chestnut Hill Square is located three miles from I-95 /Rte. 128 and six miles from downtown Boston. Both regional and local access are superb, with direct entry into Chestnut Hill Square via a new, lighted intersection from Route 9 East and West and from The Mall at Chestnut Hill, which includes the only Bloomingdale's in New England.
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.