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Boston & New England  + New England  + Retail  | 

Waterstone Adds Retail, Resi to $600M Maine MXU

The developers of Rock Row in Westbrook, ME have made two major additions to the 110-acre, $600-million project: a 5,000-square-foot, freestanding Chick-fil-A family restaurant and a 190-unit, four-story residential complex. The company is in advanced lease negotiations with more than two dozen national retailers/leading brands.

“Rock Row’s outdoor, nature-inspired design and open-air streetscapes are very attractive selling points to everyone in our post-pandemic world,” said Josh Levy, co-founding principal of Waterstone Properties Group, developers of the project. “Enclosed, interior malls and contained office parks are at a disadvantage to our open-air concept and have a very tough road ahead.”

Levy said there are no delays in the Rock Row project due to the coronavirus pandemic. The opening of Phase One of Rock Row—marked with the opening of a Market Basket supermarket—is on schedule and expected to occur within the next 60 to 90 days.

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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 13-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 15-20 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 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).