The Kane Co. named leasing agent for planned 38,000 s/f retail project
The highly traveled traffic circle that borders I-95, the Spaulding Tpke. and Rte. 1 is about to undergo a major commercial and retail transformation.
The Kane Company has been named as development advisor's and leasing agents for this highly anticipated new mixed-use development. The site will feature a 120-room Staybridge Suites Hotel and 38,000 s/f of retail and restaurant space. The project, awaiting final approval, will include four pad-sites ranging from 2,000 to 7,000 s/f, along with 21,000 s/f of in-line retail space.
This major development is the latest in a rapidly growing number of significant retail assignments for The Kane Company Retail Services Group, which was officially established in 2006. Since that time, the Retail Services Group has expanded its inventory to nearly 2 million square feet of retail product throughout Northern New England.
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.
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.