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Boston & New England  + Metro Boston  + Retail  |  June 2, 2026
Paul Bubny
By: Paul Bubny

Torrington Properties’ Newington Redevelopment Advances with TIF Approval

Torrington Properties’ plans for Seacoast Landing, a redevelopment of the former Mall at Fox Run and Newington Park Shopping Center advanced with a vote by Newington, NH residents to approve the town’s first tax increment financing district. The TIF district, which will fund $9 million in public infrastructure upgrades in exchange for future tax revenue, sets the stage for demolition of the two shopping centers, Business NH Magazine reported.

Torrington has moved toward the Seacoast Landing project for several years. Between June 2021 and December 2024, Torrington spent a combined $66.1 million to acquire the Mall at Fox Run, including the attached Sears, Macy’s and JCPenney spaces, and the 15-acre Newington Park Shopping Center, which formerly housed Savers, JoAnn Fabrics and other stores.

The mall closed in January. Jay Bisognano, Torrington’s founder and CEO, told the Portsmouth Herald that Costco Wholesale and another national retailer committed to operating at Seacoast Landing.

Photo credit: JJBers.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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