Last Thursday, the Boston Redevelopment Authority approved real estate developer Millennium Partners’ $615 million proposal to redevelop One Franklin Street in Downtown Crossing. The project will include a 625 foot structure, Millennium Tower, as well as a renovated Burnham Building. Plans include “600 condominiums and apartments, up to 218,000 square feet of office space and […]
This week, proposed plans for the redevelopment of the Edward J. Sullivan Courthouse in East Cambridge progressed, with three of an original six companies moving forward into a second round of bidding. The East Cambridge Planning Team, a state agency responsible for redevelopment of the Sullivan Courthouse, identified a proposal submitted by HYM Investment Group […]
Somerville — The proposed $25.8 million municipal bond is the central supporting element or keystone of the more than $1 billion redevelopment of Assembly Square. The bond will fund basic public infrastructure (road, water, stormwater, sewer, utility, traffic, lighting, and sidewalk improvements) that will: unlock funding for the new Orange Line transit station construction; and, […]
Toys “R” Us Inc.’s improved financial prospects should bode well for its dozens of local stores operating on a seasonal basis. Less than a week after reports that the toy retailer’s private equity owners are mulling an $800 million IPO, Toys “R” Us said its 1,600 stores generated $6 billion in revenue and a net […]
WP Realty, a Pennsylvania-based real estate investor, is at least two months behind on its $18 million mortgage for the Danvers Crossing Shopping Center and is “unable to bring the loan current,” according to a report by Wells Fargo Bank. Calls to WP Realty, with offices in Bryn Mawr, Pa., were not returned Monday. The […]
Construction of an Ikea, the Swedish retail phenomenon — whose inexpensive build-it-yourself furniture draws more than a million people a year to each of its stores — is on hold again in Somerville. “Like lots of retailers, Ikea is trying to figure out when the next economic upturn will be,” said Somerville Mayor Joseph Curtatone. […]
Blockbuster Inc., the bankrupt movie rental chain, agreed to sell itself to a group of debtholders for $290 million in a stalking horse bid that is subject to higher and better offers. Photographer: Jin Lee/Bloomberg Blockbuster Inc., the bankrupt movie rental chain, agreed to sell itself to a group of debtholders for $290 million in […]
by Elaine Misonzhnik February 18th, 2011 It feels like in the past two days the entire retail real estate industry has been talking about one thing–Borders. The questions ranged from whether Borders will be able to survive long-term (many people don’t think so, judging by the discussion on Retail Wire), to how store closings will […]
A recent ruling by the California Supreme Court has unleashed a rash of lawsuits against big retailers that ask their customers to provide zip codes when making purchases with a credit card. View Full Image Bloomberg NewsSome retailers ask for zip codes when customers use plastic. Above, swiping a card at a Best Buy store. […]
Yogurtland, a customer-created frozen yogurt chain with almost 120 locations in nine states (as well as stores in Japan and Mexico), plans to have 75 additional locations open or in development by the end of 2011. By 2015, the chain will have more than 550 total locations. Besides expansion in existing markets, Yogurtland has targeted several […]
