MarketStreet Lynnfield, Lynnfield, Mass.
The mixed-use project MarketStreet Lynnfield continues to forge ahead, as co-developers WS Development and National Development announced on June 6 that Whole Foods Market, Kings and Legal C Bar have signed leases to join the property.
Whole Foods will open a 45,000-sq.-ft. store at MarketStreet Lynnfield, which is located on Route 128/I-95 spanning Exits 42 and 43 in Lynnfield, Mass.
“Powerful anchors such as Whole Foods Market and Kings, along with the popular Legal C Bar, will provide energy and excitement to MarketStreet Lynnfield’s mix of retail, office and residential uses,” said Ted Tye, managing partner, National Development.
At 21,000 sq. ft., Kings will offer 10-pin bowling lanes, sports action on large screen high-definition TVs, food and music. Legal C Bar will occupy a 7,100-sq.-ft. space and feature favorites from Legal Sea Foods, as well as exclusive menu items. The modern, casually-styled restaurant will feature two bars (including a food bar), communal tables, wedge booths and mezzanine seating.
When complete, MarketStreet Lynnfield will include 395,000 sq. ft. of retail shops and restaurants, 80,000 sq. ft. of office space, 180 residential apartments and the King Rail Reserve golf course. In addition to the developed areas, the project will include substantial conservation land.
Infrastructure work is ongoing followed by a full construction start in early 2012.
NPD Group names president of home business unit
PORT WASHINGTON, N.Y.—NPD Group named Perry James, a 16-year veteran with the research firm, as the new president of home and office supplies.
James replaces Peter Goldman, who moved on to a position within NPD as SVP technology analyst business.
Before his current position, James was president of NPD’s office supplies and software businesses. From 2005 through 2007, he was with the home group on the business development side.
"We’re very excited to be expanding our coverage of the hardware and home improvement industry," James said.
James will be based in the company’s Port Washington headquarters.
Borders EVP, chief merchant resigns
ANN ARBOR, Mich. — Borders Group executive VP and chief merchandising officer Michele Cloutier has resigned, Borders said in a late afternoon Friday filing with the U.S. Securities and Exchange Commission.
It is the latest in a string of high-level departures from the bookseller as it struggles to emerge from bankruptcy protection.
On Thursday, the company received a deadline extension until mid-October to file a plan to restructure. An attorney for Borders said parts of the company could be sold in as quickly as two weeks.