CVS, Shake Shack, Pure Barre and arche Shoes Sign Leases
Assembly Row, the award-winning, growing neighborhood just minutes from downtown Boston, will welcome Sephora next year as a lead tenant for the development’s emerging third phase. The new phase also includes a 24-story, 500-unit apartment building with ground floor retail space, across from the Assembly Square MBTA T station and a 300,000-square-foot retail and office building that will house PUMA North America’s headquarters. Additionally, CVS, Shake Shack, Yakitori Totto and Pure Barre will open locations there in 2021. All She Wrote Books, a locally owned feminist bookstore, and arche shoes have opened pop-up locations to serve the area’s residents, workers and visitors.
Sephora is the neighborhood’s first beauty destination which has been hotly anticipated as the area continues to evolve and round out offerings. The 5,019-square-foot store will offer an unparalleled experience in beauty with a variety of top brands in makeup, skincare, fragrance and more.
With the addition of CVS, an essential retail category will be readily available for shoppers, residents and those who work in the neighborhood. Pure Barre will enhance the boutique offerings in FITRow’s line-up and arche Shoes brings French design for shoppers who pay attention to personal style. All She Wrote Books is a 2,000 square-foot bookstore featuring books written by female, queer, and non-binary authors across all genres.
“As the neighborhood has evolved, we continue to listen to our residents, visitors and workers as to what they’d like to see and these new retailers are being added as a direct reflection of that feedback,” said David Middleton, General Manager for Federal Realty Investment Trust at Assembly Row. “We are excited to expand our inventory of retailers, services, entertainment and restaurants in Phase 3 as we carefully curate the mix to make sure we are continuing to provide options that appeal to all of our audiences.
Since the beginning of the pandemic, Assembly Row has expanded outdoor amenity options both with increased patio seating for restaurants in addition to added seating along Assembly Row East, available for enjoying takeout or relaxing with a cup of coffee. At FITRow, the studios are now open with adjusted formats to align with COVID guidelines. Visitors to the neighborhood find increased handwashing and sanitization opportunities, contactless parking payment and enhanced public area cleaning. The Pick-Up program also continues with six locations around the property designed to provide quick and easy curbside pick-up at both retailers and restaurants.
To continue to beautify the neighborhood, Assembly Row has added several works of public art in the last year including “Bloom” by Artists For Humanity, “The Dreamer” mural by Marka20, “Triumph of the People and Prosperity on the Mystic” by Alexander Golob and a new mural coming soon to The Smoke Shop BBQ building.
About Assembly Row
Assembly Row is one of Greater Boston’s hottest new neighborhood destinations. Conveniently located along I-93 and with direct access to Downtown Boston via the Orange Line and its dedicated MBTA station, Assembly Row is a dynamic neighborhood that offers first-class working, living, shopping, entertainment, and dining experiences. With Phase I and II now complete, Assembly Row boasts 830k square feet of office space, 1,000 residential units, a 158-key hotel, and 500k square feet of retail, restaurant, and entertainment. When fully built across 40 acres along the Mystic River, the Assembly Row neighborhood will feature a total of 635,000 square feet of retail and restaurant space, 2.0 million square feet of office space, and 1,800 residences.
Assembly currently offers more than 30 nationally branded shops including names like Polo Ralph Lauren, Nike Factory, Saks Fifth Avenue OFF 5TH, and J. Crew Factory. Entertainment options include the 12-screen AssemblyRow.com.
About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 104 properties include approximately 2,900 tenants, in 24 million square feet, and approximately 2,800 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 53 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
