REAL ESTATE

Wayside to see new tenant openings as part of revitalization

BY Katherine Boccaccio

Boston — The Wilder Cos. announced that Ethan Allen and Starbucks, along with Potbelly Sandwich Shop, will open at Wilder’s Wayside property in Boston – all part of a multi-phase revitalization project.

Ethan Allen will occupy 12,272 sq. ft. in the lower level of the former Borders location. The store will have a major presence on the upper level as well, with an entrance between L.L. Bean and the new Seasons 52 restaurant. Starbucks will take a high-visibility endcap location in 1,589 sq. ft. next to Coldstone Creamery. Potbelly Sandwich Shop will open its fourth Massachusetts location in 1,946 sq. ft. this spring.

The opening of Ethan Allen will complete the transformation of the former Borders location into two large format spaces. Seasons 52 will open its first location in the Boston market with an upper-level location.

Other recent additions to Wayside include November 2012 openings of Destination Maternity (2,509 sq. ft.) and Madox Jewelry (1,500 sq. ft.)

This spring Wayside’s revitalization work will continue with the completion of the parking reconfiguration and improved pedestrian flow, along with enhancements to the center island including new plantings, a reconfigured walkway, and new seating and leisure areas. “These improvements combined with the increased shopping and dining choices will provide more options and greater convenience to Wayside shoppers,” said Wilder’s VP leasing, Gary Robinson.

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REAL ESTATE

Walgreens opens on historic Magazine Street

BY Katherine Boccaccio

New Orleans — Covington, La.-based Stirling Properties said that Walgreens has opened a new store on Magazine Street in New Orleans.

The 13,000-sq.-ft. store features a drive-thru window, full-service pharmacy and a Look Boutique specializing in high-end cosmetics. The site is the original home of the Ed Brauner American Legion Post #307 and portions of the building date back to 1947. The front and rear facades of the building were replaced and the interior fully demolished. The new design features large windows to showcase the building’s interior, a pedestrian entrance on Magazine Street, and a rear parking lot with a drive-thru window.

To pay homage to war veterans and the building’s former use as a meeting spot for them, several American Legion images and symbols were incorporated into the new design.

“This adaptive reuse project represents a true cooperative effort between Stirling Properties, Walgreens, the City of New Orleans, local retailers, and surrounding neighborhoods,” said Peter Aamodt, VP development for Stirling Properties.

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Stirling awarded property/construction management for Louisiana Boardwalk

BY Katherine Boccaccio

Bossier City, La. — Covington, La.-based Stirling Properties said that it has been retained to provide comprehensive property and construction management and office leasing services for Louisiana Boardwalk, a 562,250-sq.-ft. retail/mixed-use development on the waterfront of Bossier City, La.

Garrison Investment Group of New York City recently acquired Louisiana Boardwalk and will re-launch the retail center as The Outlets at Louisiana Boardwalk.

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