Worcester Business Journal

wbjournal.com | November 9, 2020 | Worcester Business Journal 17 FALL FOR NEW JOYS MORTGAGE AND HOME EQUITY LOANS AT SCU 888.599.2265 | southbridgecu.com We've got you. Membership to SCU requires a one-time dividend-earning deposit of $5.00 in a prime share account. Equal Housing Opportunity. Equal Opportunity Employer. Federally insured by NCUA. NMLS #616673. M A L L S F A C T B O O K Continued from page 15 W ciary of the pandemic, as more people cook and eat at home. Shopping centers have increasingly looked away from ap- parel and other retailers whose goods can easily be bought online, and more toward what are called experiential tenants, such as entertainment centers. e Natick Mall, however, isn't likely to have another grocery store or entertain- ment center to turn to – and besides, experiential tenants are being hit hard in the short-term. "ose saving graces now become more of a risk," CoStar market analyst Todd Galvin said. e mall is less likely to accept down- scale options such as temporary stores or trampoline parks just to occupy space, said Adin Perera, a senior market analyst at the real estate analysis firm CoStar. e Greendale Mall's challenging future may be rivaled locally only by the Quarry Square Shopping Center in Milford. e plaza has 135,000 square feet of contiguous space available aer Stop & Shop, T.J. Maxx and HomeGoods all decamped for Milford Crossing, a remodeled plaza just over a mile away. Quarry Square and plazas like it do have a few factors working in their favor, though: ey're not in areas especially reliant on adjacent office workers, dense- ly populated neighborhoods or tourism, according to Perera and Galvin. Notably, the area's newest shopping centers aren't looking particularly like the old ones, especially with their inclusion of residential or office components, and a more typical reliance on grocery stores as anchors. In Shrewsbury, the Lakeway Com- mons development opened in 2017 is anchored by a Whole Foods Market and includes 250 apartments and 14 town- houses. So will Edgemere Crossing at Flint Pond, a Market Basket-anchored redevelopment of the former drive-in movie theater site of the same name on Route 20 in Shrewsbury. at project is slated to have 250 apartments. Apex Center of New England in Marlborough has two hotels, an office building and an entertainment complex. Meadow Walk in Sudbury, anchored by a Whole Foods, includes 250 apartments, 60 active-adult condominiums and a 48- unit assisted living community. In May- nard, another Market Basket-anchored development, called Maynard Crossing, includes a 180-unit apartment complex and a 143-unit senior independent living community. local is more than a place. it's who we are. lovemylocalMA.com

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