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Retail

  • Marlborough receives $2.7M infrastructure grant

    Emily Micucci October 28, 2015

    The Massachusetts Office of Housing and Economic Development on Wednesday announced a $2.7-million MassWorks Infrastructure Program grant to pay for streetscape improvements on the outskirts of downtown.

    Emily Micucci October 28, 2015
  • Energy Council: Efficiency plan savings to total $8B

    State House News Service October 27, 2015

    A week after being named the most energy efficient state in the country, Massachusetts took an additional step Monday to set ambitious, nation-leading energy efficiency goals for the next three years.

    State House News Service October 27, 2015
  • TJX completes $58.5M acquisition

    Sam Bonacci October 26, 2015

    The Framingham-based TJX Cos. has completed its acquisition of Australian retailer Trade Secret for approximately $58.5 million, TJX announced over the weekend.

    Sam Bonacci October 26, 2015
  • Baby steps add up in downtown Worcester

    October 26, 2015

    The hoopla surrounding this month's announcement of a $33-million, high-end luxury hotel for downtown Worcester may seem a bit overhyped, but given the step-by-step nature of economic revitalization, business and city officials have the right to be

    October 26, 2015
  • 2015 Outstanding Women In Business: Susan Lawrence, Pepper's Fine Catering

    October 26, 2015

    Susan Lawrence is co-owner of Pepper's Fine Catering in Northborough, having realized a lifelong dream to open her own food business.

    October 26, 2015
  • High-end comes to Worcester's downtown

    Sam Bonacci October 26, 2015

    In one fell swoop, a 168-room hotel has done something that years of development efforts have been striving for: align Worcester's downtown with the words luxury, premiere and high-end.

    Sam Bonacci October 26, 2015
  • 2015 Outstanding Women In Business: Susan Gunnell, Southbridge Savings Bank

    October 26, 2015

    Over the course of 35 years, Susan Gunnell has made Southbridge Savings Bank her home, rising through the ranks from teller in 1980 to the company's second-in-command as executive vice president and chief operating officer today.

    October 26, 2015
  • Auburn Mall to add theater and restaurant

    Sam Bonacci October 23, 2015

    The first step has been taken by Simon Property Group to demolish Macy's Home Store and add a cinema and restaurant to the Auburn Mall.

    Sam Bonacci October 23, 2015
  • Greendale Mall in financial trouble

    Sam Bonacci October 21, 2015

    Worcester's only shopping mall is in financial trouble, having defaulted on its loan, its revenue continuing to slide and key leases coming up for renewal.

    Sam Bonacci October 21, 2015
  • Local produce hitting Big Y shelves this fall

    October 15, 2015

    Springfield-based Big Y Foods says this is its biggest year yet for featuring locally grown fruits and vegetables in its markets.

    October 15, 2015
  • Staples shareholders vote to cap golden parachutes

    Emily Micucci October 15, 2015

    Following a shareholder vote in June, Framingham-based office supply retailer Staples Inc. announced this week it will limit severance packages for senior executives that leave the company.

    Emily Micucci October 15, 2015
  • Coming to the DCU: Figs & Pigs eatery

    October 14, 2015

    Chef and cooking instructor Candace M. Murphy of Worcester has been chosen to run the DCU Center's new eatery, which officials say will open next month.

    October 14, 2015
  • FTC delays Staples-Office Depot decision to December

    October 13, 2015

    The Federal Trade Commission (FTC) is taking more time to issue its decision on Staples' proposed purchase of Office Depot, delaying its ruling for nearly two months.

    October 13, 2015
  • Accolades & Honors

    October 12, 2015

    Training Associates of Westborough was named a Fastest-Growing Staffing Firm in the U.S. by Staffing Industry Analysts.

    October 12, 2015
  • Movers & Shakers

    October 12, 2015

    RIA K. MCNAMARA was hired by SVN | Parsons Commercial Group | Boston of Framingham as vice president of retail brokerage. Prior to joining the firm, she was the sole owner and broker of Ria K. McNamara Inc. since September 1997.

    October 12, 2015
  • Cumberland CEO a panelist at White House worker summit

    October 8, 2015

    Ari Haseotes, president and CEO of Framingham-based Cumberland Farms, participated in a White House panel discussion about employer strategy for managing workers.

    October 8, 2015

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Today's Poll

Should Madison Properties be forced to sell its Polar Park-adjacent land?
Choices
Poll Description

When City of Worcester and Worcester Red Sox officials announced in 2018 the plan to construct the Polar Park baseball stadium in the Canal District, a key part of the economic development effort was a partnership with Boston developer Madison Properties to redevelop five properties around the ballpark into residences, hotels, and office buildings, with openings scheduled to begin in 2021 when the stadium opened.

All five of those Madison projects are significantly behind schedule and only one has come to fruition -- the high-end 228-apartment complex The Revington -- although the Canal District has seen other non-Madison developments come online, including The Cove and District 120 apartment complexes. All developments in Central Massachusetts have faced headwinds since the start of the COVID-19 pandemic, including trouble obtaining affordable financing, shortage of materials and labor, and downturns in the commercial real estate and life sciences industries.

The slow development of the Madison properties was the main reason cited by City officials for why the City's plan to not use general taxpayer funds to pay for the $160-million Polar Park has failed. Members of the City Council have gone as far as to call for one key Madison property to perhaps be seized by eminent domain to make way for a new developer.