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.
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.