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Retail

Worcester’s Piccadilly Plaza sells for $3.2M

Piccadilly Plaza, a small shopping center at the east end of Worcester's Shrewsbury Street, has sold for $3.2 million to a buyer from Franklin.

Temescal Wellness destroyed $2.6M in vape cartridges

Worcester cannabis firm Temescal Wellness, with locations in Framingham, Hudson and Pittsfield, announced on Wednesday it had destroyed $2.6 million in marijuana vape cartridges following last year’s temporary ban on vaping by Gov. Charlie Baker.

🔒Economic Forecast: Real estate to feel pandemic’s effects

The commercial office market will have increased vacancies, while retail will suffer from trends accelerated by the coronavirus.

Needham retail firm buys Framingham Stop & Shop plaza for $23M

A shopping plaza on Old Connecticut Path in Framingham anchored by a Stop & Shop grocery store has sold for $23 million.
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Sturbridge JCPenney will close in spring

The Sturbridge JCPenney, located at 194 Main St., will close in spring 2021, the retailer announced in a recent, undated announcement.

Design Center West, under new ownership, moving to Northborough

Design Center West, a furniture and home decor store, will move to Northborough center from the Solomon Pond Mall after Christmas.

Worcester raises commercial property tax rate 3% for 2021

Worcester’s City Council voted 8-3 to raise the city’s commercial property tax rate Wednesday night, while lowering the residential property tax rate.

WBJ Podcast: What Amazon likes about Worcester

Warehouses and distribution centers have been popping up throughout Central Massachusetts over the last year. In the last few months, online retail giant Amazon has added several locations throughout the region and appears poised to take over the high-profile location for the soon-to-be-demolished Greendale Mall.
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Market Basket at Maynard Crossing to open Friday

A new Market Basket location will open at Maynard Crossing on Friday, the grocery store chain announced on social media on Sunday.

Greendale Mall-to-Amazon would be a first for New England

The Greendale Mall, now down to a single tenant, wasn't especially unusual as a fading shopping mall at a time when retail is struggling. But the Worcester mall's apparent fate as a future Amazon warehouse would make it a first: the only shopping mall in New England to be converted into industrial use.
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