Waterstone Retail's 250,000 s/f Granite Ridge Marketplace development project is underway and scheduled to open fall of 2015. Retailers will include a 12-screen stadium-style cinema, restaurants, and specialty and apparel stores. There is just 51,000 s/f of space remaining for lease.
Granite Ridge Marketplace is located at Exit 15 off the Spaulding Tpke. adjacent to a 224,000 s/f Walmart Supercenter. The center will be part of the ever-growing Granite Ridge Development District with more than two million s/f of existing and planned retail, office space, and hospitality, including Holiday Inn Express, the area's only hotel.
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.