
Lowell, MA Moore Commercial Real Estate, Inc. has sold a mix-use property at 16 & 26 South St. for $1.675 million.
The property was built in 2018 with a land area totaling 4,165 s/f or .09 acres and a building area totaling 4,680 s/f with an additional 1,560 s/f of basement space. The building consists of one commercial unit (restaurant) on the street level and four two-bedroom residential apartments on the second and third level (two per level).
Boston’s iconic Newbury St. continues to thrive as one of the most vibrant and compelling retail corridors in the United States. Nestled in the heart of the Back Bay, this historic St. has evolved into a powerhouse of high-St. retail, where luxury meets lifestyle and legacy brands coexist with up-and-coming names. With its European charm, diverse architecture, and unmatched foot traffic, Newbury St. remains a dynamic reflection of Boston’s energy, culture, and economic strength.
As new tariffs continue to impact the global economy, retail businesses and investors are grappling with heightened uncertainty. From new high tariffs to supply chain issues to evolving consumer behaviors, continual changes are making it as or more challenging than the pandemic years. Yet, amidst this turbulence,
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.