News:
Brokerage
Posted: January 27, 2023
Northeast Private Client Group brokers $3.025 million sale of 20 West Lane - former restaurant and wine bar
Ridgefield, CT Northeast Private Client Group (NEPCG) has completed the sale of 20 West Ln.
Senior associates Rich Edwards and Jeff Wright, along with senior VP, investments Brad Balletto, and associate Patrick Hegarty, represented the seller and procured the buyer for a mixed-use investment property.
20 West Ln. sold for $3.025 million; and offers amenities and conveniences to its tenants and visitors. Situated in Fairfield County, the estate is close to Northern Westchester.
Ridgefield has served as a country retreat for NYC weekenders.
“20 West Ln. includes two structures on a single 1.93-acre parcel located in the desirable and affluent downtown of Ridgefield, CT. The property features a six-bedroom 3.5 bath single family residence at the rear of an award-winning farm-to-table restaurant, previously ‘Bernard’s Restaurant and Sarah’s Wine Bar.’ The new owners are a Norwalk-based group of restauraters who envision a modern, colonial farmhouse and elegant, yet rustic, wine bar offering New American cuisine as well as tributes to some of Bernard’s French classics. The new restaurant will offer weddings, special events, and catering,” said Rich Edwards, senior associate.
MORE FROM Brokerage
RapDev leases 17,587 s/f at 501 Boylston St. - lease brokered by JLL
Boston, MA RapDev, a leading software-engineering and DevOps consultancy, has leased 17,587 s/f at 501 Boylston St. in the city’s Back Bay. The company moved into the new space this summer, consolidating operations onto a single floor to accommodate growth and create a workplace that reflects its collaborative culture.
Quick Hits
.png)
Columns and Thought Leadership
Retail / tariffs / uncertainty and (still) opportunity - Carol Todreas
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,
Placemaking and retail in 2024 - by Carol Todreas
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.
End of the year retail thoughts - by Carol Todreas
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.
Newbury Street: Boston’s timeless retail gem thrives in a modern era - by Joseph Aquino
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.
