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.
Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.
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.