Schimenti Construction Company is steadily at work in the Herald Square shopping district, creating the largest-ever H&M store worldwide. Slated to be completed in spring 2015, the store will occupy 62,394 s/f on four floors. This H&M flagship is located at 1293 Broadway in Herald Center, the exclusive home of pre-eminent national retail chains.
The scope of the new construction includes all new elevators and escalators, highlighted by a stunning "Rain of Light" display at the escalator atrium. Schimenti is also creating an interior LED wall and four-story terrazzo wall feature which includes mirrored walls and ceiling. The first three floors of the building will be covered in a glass façade and adorned with eye-catching billboard-style campaign images.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.