Wegmans may lose out to parking garage in Boston
The paucity of parking in Boston could scuttle hopes of residents there to obtain their first Wegmans supermarket.
A Wegmans had for years been in Samuel Associates’ planned Landmark Center expansion in the Fenway section of town. But, with parking lot rates zooming upwards in Boston, the developer is now leaning toward keeping the garage it was to demolish to make room for the supermarket, reports the Boston Globe.
Wegmans apparently will continue its search for a site in Beantown, however. For more, click here.
Levin tapped to build and lease New Jersey center
Levin Management Corp. will be building, leasing, and managing a new neighborhood center on the former site of an auto repair shop in Union, New Jersey.
Rising household incomes in the area make it a prime location for new retail in a dense urban region, according to Levin’s senior VP of Leasing and acquisitions Joseph Lowry, who points to a daytime population 86,000 and an average household income of $110,000.
“We anticipate a great deal of interest in the new shopping center due to the area’s superb retail market demographics, and the property’s excellent visibility and location,” Lowry said.
Available spaces range from 1,200 to 9,500 sq. ft., as well as a 2,240-square-foot end cap with excellent street visibility.
Levin has been busy in New Jersey in recent months, winning leasing and management contracts in Delran, Freehold, Hackettstown, Madison, and Secaucus.
Dick’s Sporting Goods to open at another CBL property
CBL is getting ready to open its 28th Dick’s Sporting Goods store, this one at Richland Mall in Waco, Texas.
“This new store will drive significant traffic to the center and illustrates our ongoing commitment to enhancing the tenant mix at the property,” said CBL CEO Stephen Lebovitz.
Other new arrivals at Richland include H&M, PINK, and White Barn. Bath & Body Works and Victoria’s Secret recently completed remodels. Dick’s is set to open in spring 2018.
More than 100 specialty stores populate Richland Mall along with Dillard’s, J.C. Penney, Bealls, and Sears.