WS Development's 675,000 s/f Legacy Place officially opens
Legacy Place officially opened on August 27. The project is 93% leased to many of the best anchors, specialty retailers, and restaurants in the country.
"It is very exciting to see five years of planning and hard work on the proverbial 99-yard line," said Dick Marks, partner, WS Development. "We have a special project that will be a unique retail, restaurant, and entertainment destination for years to come."
Opening festivities will include a ribbon cutting ceremony followed by an invitation-only reception at Showcase Cinema de Lux. Grand opening festivities will take place over the weekend on Saturday and Sunday, August 29-30.
The 675,000 s/f open-air shopping destination located at the intersection of Rte. 1 and I-95 is packed with powerful anchors, including Whole Foods Market, L.L.Bean, Showcase Cinema de Lux, Borders, and Kings.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.