Source: BRET NEWTON, Mass.— An Atlanta-based developer is pitching a new 234-unit apartment project near a Whole Foods Market in Newton, adding to a growing pipeline of large-scale residential developments along Crafts Street, according to the Boston Business Journal (BBJ). According to BBJ, Wood Partners has proposed developing the apartments at 38 Crafts St., a […]
Gary Higgins A stretch of Dudley Street in Dorchester’s Uphams Corner is among the areas that will see new opportunities for restaurants to serve alcohol. Dorchester is set to receive seven of the 21 new liquor licenses recently approved by the Boston Licensing Board as part of the city’s effort to expand alcohol service in […]
By Scott Kirsner Raibert Opens Pop-Up Robot Lab to Inspire and Educate Marc Raibert, founder of Boston Dynamics and current executive director of the Robotics and AI Institute (RAI), has launched a temporary Robot Lab at CambridgeSide mall. The pop-up isn’t selling robots; instead, it gives the public hands-on experience with robotics to show what they […]
By Isabel Hart – Reporter, Boston Business Journal Bertucci’s, a once-popular casual dining chain known for its brick oven pizza and signature bread rolls, is testing a new fast-casual concept called Bertucci’s Pronto in Downtown Boston. After filing for bankruptcy twice—in 2018 and 2022—the brand is pivoting under the direction of owner Robert Earl (Earl Enterprises) to […]
The theater has been vacant on Church Street since 2012. The Cambridge City Council wants to question the owner about its reopening. By Molly Farrar Harvard Square is marred by at least a dozen of vacant storefronts, including, notably, the nearly century-old Harvard Square Theatre on Church Street. It’s been closed since 2012, and, after a failed […]
By Linda Moss Eataly, the global Italian gourmet market and restaurant chain, is venturing outside cities such as New York and Chicago into the suburbs to rapidly expand in North America. In so doing, it’s showing how suburban malls are attracting traditionally urban tenants. The company opened its first location in New Jersey at the upscale Mall […]
By Mark Heschmeyer Simon Moves To Give Up Philadelphia Mall: Retail real estate investment trust Simon Property Group is working with lenders to turn the title over to its 1.21 million-square-foot Philadelphia Mills Mall rather than pay off debt that was set to come due this month. The property backs $103.7 million in outstanding commercial mortgage-backed securities debt spread […]
By Mitchell Parton As retailers push into new cities and brands lean hard into brick-and-mortar as a strategy, it has become incredibly difficult to find space for a new storefront. Financing constraints due to elevated interest rates as well as zoning and infrastructure restrictions in some jurisdictions have limited construction of retail developments, limiting the amount of space on the […]
By Ben Casselman The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too. Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year, the Commerce Department said on Thursday. That was […]
By Eliza Ronalds-Hannon, Janine Phakdeetham, and Claire Boston Express Inc., the clothing retailer that’s a staple in US malls, filed for bankruptcy with plans to sell itself. The company received an offer from brand manager WHP Global and mall landlords Simon Property Group Inc. and Brookfield Properties to purchase the company’s operations and most of its stores, according to a statement on Monday. […]
