The Natick Mall fell short of becoming what Tesler calls “Chestnut Hill West.” That said, its anchor Nordstrom’s and other upscale stores have done well, he added.
The mall’s newest addition, set to arrive this summer, will be a Microsoft store featuring the software, hardware, and gaming products offered by the tech giant, said J. Lynn Josephson, a spokeswoman for the mall.
A spokesman for Shoppers World, which is owned by the Ohio-based DDR Corp., could not be reached for comment.
With Chestnut Hill on the rise again, McNamara, from her perch as Sherwood Plaza’s broker, sees the need for some new and creative thinking along the “Golden Mile,” the retail-packed stretch of Route 9 on the Natick-Framingham line.
Sherwood Plaza is moving ahead with plans to convert the former BJ’s Wholesale Club headquarters at the rear of the property into new offices, she noted, and it will also soon boast its own trending burger joint: Smashburger.
It is not just competition from Chestnut Hill that has McNamara worried, with new retail options out on Interstate 495 also drawing off potential business.
But McNamara believes the Natick-Framingham retail powerhouse will be just fine, with an influx of new apartments, condos, and homes bringing in ever more customers.
“There is more and more housing being built in Natick and Framingham, and that is going to trigger the need for more retail and services,” she said. And she contends the novelty of Shake Shack and other new Chestnut Hill attractions will wear off when traffic starts to back up along Route 9 near the glitzy new shopping centers.
Scott Van Voorhis can be reached at firstname.lastname@example.org.