Work Underway on Former Metrocenter Mall
Developer Concord Wilshire Capital completed the demolition of the former Metrocenter Mall. The Metropolitan will be a $850-million, mixed-use destination project. The 64-acre development is set to transform the former mall site into a walkable urban village integrating Light Rail with housing, entertainment, dining, and retail. The project is at the intersection of Interstate 17 and Peoria Avenue.
Construction is scheduled to commence in April of 2026 for three of the five planned residential communities, and in April of 2027 for the retail and remaining two residential communities. At the center of the project is a 350-unit wrapped multi-family project called Levante Apartments, which is being built by Concord Wilshire and Hines.
Diversified Partners is the retail developer and is partnering with Concord Wilshire to develop The Loop at The Metropolitan. The Loop is a retail village and entertainment district featuring 116,000 square feet of retail, rooftop restaurants and an event center, a park plaza, live music venues, a splash pad, and a weekly farmers market.
Other News
Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion
Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
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MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage
The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla
Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout