Torphy Construction & Development (TCD, LLC) recently completed construction of a new Market Basket. The 77,000 s/f project was finished on time and under budget, and opened on September 21.
Over the past 10 years, TCD has built or renovated 13 Market Baskets, including their 135,000 s/f store in Chelsea, Mass., reportedly the largest supermarket in New England.
Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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.