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Samuels & Associates builds on three generations of family involvement in the real estate development and retail center industry to offer clients and business partners a deep level of expertise. From small neighborhood retail centers to enclosed malls and large urban mixed-use developments, Samuels & Associates has a track record of enhancing the value of real estate properties with which it is involved. | | | First venture in shopping center development. In 1986 Samuels & Associates completed its first venture with Brookside Shopping Center in Bridgeport, Connecticut. This 119,000 square-foot shopping center, ideally located just south of the Merritt Parkway in Fairfield County, services 250,000 individuals on an ongoing basis with Super Stop & Shop and Staples as its major retailers. Over the next twelve years, Samuels & Associates would move on to acquire and/or develop, lease and manage almost two dozen such shopping centers throughout the northeast and midwest. Notable properties included Bishop's Corner in West Hartford, Connecticut, with the state's first community shopping center "people-mover," and Horizon Commons in Rocky Hill, Connecticut which spent the better part of the last two decades under planning. Now finally developed, Samuels & Associates is actively leasing 200,000 square feet of retail space anchored by Kohl's. | Pioneers in urban planning and development. | | A pioneer in urban planning and development, Samuels & Associates has produced a number of mixed-use retail venues in diverse urban neighborhoods, such as the 440,000-square-foot South Bay Center in Dorchester, Massachusetts, in 1993. As the first developer to bring a major shopping center with basic services to an urban location, Samuels & Associates is credited with bridging communities in Boston that had historically been in conflict. South Bay Center drove more volume to its retailers than most of the retailers' other locations nationally. An addition of 1,200 jobs was brought to market through K-Mart (now a Target), Toys 'R Us, Circuit City, Office Max, Old Navy and Stop & Shop outlets in this heralded shopping center | Sale of shopping center portfolio. | In 1998 Samuels & Associates sold a portfolio of twenty shopping centers including Brookside, Bishop's Corner and South Bay Center to Edens & Avant for $250 million. Samuels & Associates continued to be the leasing and property managers for the majority of the locations due to its knowledge of local markets and the strength of its existing relationships with regional and national tenants.
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Continued focus on urban development.
| | In the fall of 2001, Samuels & Associates undertook one of its most challenging projects, a pro-bono project for the City of Boston at Roxbury's The Mecca at Grove Hall. What transpired was a 52,000 square-foot shopping mecca in a section of the city that retailers had traditionally been hesitant to penetrate. Through the strength of the leasing and development teams, the center opened at 100%-occupancy and established 400 additional jobs for the neighborhood. Samuels & Associates had the opportunity to reestablish pride in a section of the city where in the past there was urban blight. According to Boston Mayor Thomas Menino, "Nobody ever thought we would have a shopping center at The Mecca at Grove Hall ten years ago. They would have thought we were crazy. But Samuels & Associates came in, did a great job and the stores are very successful." |
Renewed commitment to revitalized shopping centers.
| | Samuels & Associates teamed once again with Edens & Avant in 2002 to purchase thirty-six retail centers in the Northeast from Konover & Associates. Two years later in 2004, Samuels & Associates and Edens & Avant sold eleven of these properties to Galileo Shopping America Trust for $205 million. In addition Samuels & Associates sold three other shopping centers to Edens & Avant for an additional $47 million. The shopping centers sold to Galileo represented almost two million square feet of space and were approximately 90% leased, a significant improvement over the 43% vacancy rate when the properties were acquired two years prior. Samuels & Associates continues to provide leasing and management services for the Galileo portfolio. | | | "Our goal in purchasing these underutilized shopping centers was to invest in the real estate, revitalize the centers, and improve their long term value," said Joel Sklar, Executive Vice President of Acquisitions and Development. "I am pleased that our team was able to fulfill that goal so successfully in less than two years." Focus on the Fenway neighborhood of Boston. | | | August 2004 represented a major milestone for Samuels & Associates, with the groundbreaking of Fenway Triangle Trilogy, a 1 million-square-foot mixed-use development located on 2.2 acres in the heart of Boston's Fenway neighborhood. In partnership with Boylston Properties, the two firms formed Fenway Ventures to oversee this development of 576 units of upscale rental housing, 42,000 square feet of retail space and three levels of underground parking. Fenway Triangle Trilogy represented Samuels & Associates' initial foray into the residential real estate market. Of the 576 apartment homes, Harvard University purchased 171 units for use by Harvard Medical School students, faculty, and staff. Retail and residential units opened in June 2006 and were 95% leased within a year. | In October 2006 Samuels & Associates broke ground on 1330 Boylston, a 450,000 square foot mixed-use development. Resting on 1.1 acres, the $140 million building opened in August 2008 with 200 high-end rental apartments, 15,000 square feet of street level retail space and 90,000 square feet devoted to the Fenway Community Health Center for their new state-of-the-art home. 1330 Boylston also includes three levels of underground parking designed for residents as well as those visiting the Fenway. Like Fenway Triangle Trilogy, 1330 was built in conjunction with members of the local community and the city of Boston. 1330 is Samuels & Associates' second venture in revitalizing the Fenway neighborhood. |
Hingham Shipyard is celebrating again.
In 2006 Samuels & Associates also broke ground on The Hingham Shipyard, a mixed-use waterfront village of condominiums, restaurants, shops, public parks and office space. Totaling 27 acres, Hingham Shipyard is emerging as an exciting shopping and entertainment destination but foremost as a new water's edge neighborhood strengthened by its proximity to the existing MBTA commuter ferry.
Having opened in Spring 2010, Hingham Shipyard encompasses 210,000 square feet of retail, 30,000 square feet of office space and has 90 condominiums called "The Moorings" planned for future development. As part of the Shipyard revitalization, an additional 400 apartments and townhomes have been built by Avalon Bay and Lennar Urban. Combining shopping, dining, entertainment, recreation, state of the art workspace, and luxury living, The Launch at Hingham Shipyard anchors this water's edge community located about seventeen miles south-east of Boston.
SEE WHATS NEW AT THE SHIPYARD
www.HINGHAMLAUNCH.com |
 
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