Jason Wuchiski, senior vice president with RHYS Commercial has leased 4,200 s/f to Panera Bread, at Westfield Trumbull Shopping Mall.
Westfield's newly established "Dining Commons," is undergoing a redevelopment that will include a remodeled dining terrace and entrances and upgrades to common areas and lighting.
Owned by Westfield Corp., Inc., the shopping center's $25 million transformation is scheduled for completion by this fall.
"Panera Bread will be a welcome addition to Westfield's current food options and will also help the chain achieve more brand awareness in Fairfield County," said Cory Gubner, president and CEO of RHYS.
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.
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.