Shopping Center Business

MAY 2017

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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ARSENAL YARDS 236 • SHOPPING CENTER BUSINESS • May 2017 In addition to re-energizing the retail and updating the existing 107,000 square feet of existing office space, Wilder and Boylston will add several residential buildings. The residential space will include a mix of rental and for-sale units, ranging from studios to multi-bedroom floorplans. The units will overlook an adjacent park and offer views of the Boston skyline. Out- door rooftop amenity space will include a pool as well as outdoor dining and gath- ering areas. In the first phase of development, Wild- er and Boylston are building two parking decks, which will then clear the way for new buildings in the existing parking lots. The decks, which will open in fourth quarter 2018, will feature smart parking. "For example, when you pull up to the ga- rage, you'll be able to see that there are 27 spaces available on level 2. And when you get to level 2, there will be indicators showing which spaces are open. We'll have the latest and greatest technology to make sure the parking is convenient in the decks," Wilder says. The decks will also accommodate Zipcars and bicycles and will feature electric charging stations for hybrid cars. The project will have some surface parking as well. "We are introducing a street grid, with on-street parking," Wild- er notes. The majority of retail — 280,000 square feet — as well as the hotel and two parking decks will open in fall 2018. The second phase, which is slated for delivery in fourth quarter 2019, will in- clude the remaining retail and residential components. Within the 20-acre neighborhood of Arsenal Yards, there will be different sec- tions with their own unique identities. "The Woonerf — that is a Dutch word for 'shared street' — will have residential overlooking a very pedestrian street. It will have a European feel," Wilder says. "We'll be able to close off streets for special events and music." And the retail merchandising in the Woonerf sector will reflect its European personality. Main Street offers an urban vibe, with historic buildings on one side of the street and contemporary on the other. River Green connects to an adjacent park, which fronts the Charles River. "This will be a high-energy area with an interactive play space — highly activated with a direct connection to the park," Wilder says. The town of Watertown owns the 19- acre Arsenal Park and portions of it are well used for youth soccer and baseball At the Arsenal Yards project in Watertown, Massachusetts, The Wilder Companies and Boylston Properties are redeveloping two former U.S. Army buildings constructed in 1816 as part of a new mixed-use project. Your Hometown International Neighborhood e City of Lauderhill is a vibrant community located in the center of South Florida. Our selection of unique shops, restaurants and businesses has a distinctive international fl air and is a celebration of our cultural diversity. Conveniently located between three international airports, three international seaports and minutes away from the Florida Turnpike, Interstate 95 and the Sawgrass Expressway, Lauderhill is easily accessible for employees, customers and tourists visiting the Sunshine State. Let our team of professionals expedite your zoning and building permit approvals so you can establish, relocate and expand your business to the City of Lauderhill. Welcome to Lauderhill For more information on available locations and resources to assist your business contact our Economic Development Division at 954-730-3041 • ewooten@lauderhill-fl .gov Visit our website at www.lauderhill-fl .gov

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