from the month of May 2008 are listed below.
Girl Boutique and Bistro to open at Collection
Written by Justin on May 21, 2008 at 6:53PM
Eight Nouvelle units sold in last 13 months
- If luxury retail can't make it
at the Natick Collection, then perhaps specialty retail will be the
shopping center's key to success. On May 12, Mattel Inc. announced
plans to open a 20,000 sq. ft. American Girl Boutique and Bistro at the
Natick Collection's "Promenade" streetscape area. The store - the only
one in New England and one of only five company-branded stores, will
offer dolls, doll outfits, books, and accessories; as well as clothing
- The full story from the Boston
Globe is online at http://www.boston.com/business/ticker/2008/05/american_girl_s.html.
Written by Justin on May 21, 2008 at 6:36PM
May MetroWest retail tidbits
- It doesn't seem to be a good
time to be in real estate, particularly if you're trying to sell 215
luxury units that are under construction.
- In April 2007, 22 of the units
had been sold. But in a recent update, the president of Otis &
Ahern, the real estate firm responsible for selling the units,
indicated that while 40 units had been reserved, only 30 had been
purchased - meaning that in the past 13 months, only eight units were
- The MWDN has a full story
online at http://www.metrowestdailynews.com/news/x1192322366/.
Written by Justin on May 21, 2008 at 5:25PM
Globe: Downscaled hopes for an upscale mall
- Despite some retailers halting
their openings at the Natick Collection, several luxury retailers are
moving forward. Hugo Boss opened on May 9, and Salvatore Ferragamo is
set to open in July.
- Another tenant, low-cost French
children's clothing store Okaidi, opened May 15th in the Collection.
Hue Studio also opened its doors at the Collection on May 14.
- Beantown, a new children's play
area sponsored by MetroWest Medical Center, opened in the Natick
Collection on the upper level near J.C. Penney on May 13th.
- Want office space with great
views of the Golden Triangle? According to signs outside the Hampton
Inn in Natick, the top floor previously used as a Nouvelle sales center
is for lease - seems they're not being turned back into hotel rooms
- Further down Route 9 in Natick,
Domain - which conducted a liquidation sale earlier this year -
auctioned off all remaining merchandise starting May 16th, coming to a
full close on May 20th.
Written by Justin on May 21, 2008 at 5:19PM
- A story in the Boston Globe
recently profiled the mall's success so far - or lack thereof.
- Restaurants at the mall are
performing to expectations, as is the Nordstrom anchor store, but in an
unstable economy with rising gas prices, the mall's opening might not
have come at the right time. Retailers have delayed openings, with one
tenant pulling out altogether, and stores have been running excessive
promotions to bring customers into the quiet corridors of the mall
- While the general belief is
that the mall will eventually be successful, some say that General
Growth - which owns the mall - misread the area's demographics,
believing that an area with high average household incomes would
appreciate luxury goods, but that isn't necessarily the case as Boston
suburbs are not Chicago, L.A., or New York City when it comes to
- The most controversial piece of
the article, however, came in a quote from Stil owner Betty Riaz.
- "It's been quiet. Even if you
have money, you may not have taste. We
have to educate our customers on style. It's hard. I thought it would
be easier in Natick."
- With that type of attitude, can
the Natick Collection survive? Judge for yourself at http://www.boston.com/business/articles/2008/05/04/downscaled_hopes_for_an_upscale_mall/,
and check out reader response at http://www.boston.com/bostonglobe/editorial_opinion/letters/articles/2008/05/11/dont_insult_the_customer_for_starters/.
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