T&T Dev. nears completion of 22,000 s/f 740 Broadway project
This summer, the local residents will welcome the areas latest retail center located at 740 Broadway. Broadway runs directly through South Portland and connects the bridge from the city of Portland to the Maine Mall area.
The project will consist of two state of the art buildings totaling over 22,000 s/f of highly visible retail space. The owner and developer of the project, T&T Development, LLC, started construction on the project over three months ago and has since successfully leased out the majority of the center. The tenants are an assorted mix of retail stores that will experience a high volume of customers. The location on Broadway experiences a 24,200 average daily traffic count. The tenants of 740 Broadway will include:
*The Freaky Bean Coffee Co. - a locally owned and operated coffee shop specializing in high end coffee and coffee related products.
*New England Couture Cakes - a locally owned bakery which offers its customers made to order cakes and confections for all occasions.
*Supercuts - a convenient and reasonably priced hair salon.
*Nail Co. - a full service nail salon.
*J.P. Thorton's - a locally owned eatery specializing in homemade items.
*Tuxedos on Broadway - a full service tuxedo shop for all special events.
*Cherished Possessions - a home furnishing, design and consignment store.
740 Broadway offers its tenants ample on-site parking, high visibility and Class A build-to- suit finishes. The center will be a welcome alternative to traveling to the Maine Mall or Portland's Old Port and will offer customers a convenient local shopping center.
There is still space available at 740 Broadway.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.