N.E. Development begins construction on CVS in Kingston-12,900 s/f

N.E. Development, LLC, has commenced construction of a 12,900 s/f, 24-hour, full service CVS drug store/pharmacy at the intersection of Washington Ave. and Schwenk Dr. The developer is an affiliate of Northeast Retail Leasing & Management Co., LLC. Tom Collins and Beverly Cain of Commercial Associates represented the sellers in the sale of the site to the developer. Peoples Bank of Holyoke, Mass. provided the Developer with financing for the project. Lease negotiations were handled by Richard S. Korris for the developer and Syed Hussain for CVS. The developer had to overcome numerous hurdles in getting the site approved including resistance from those concerned with the site being adjacent to the historic "Uptown Kingston District," the site requiring extensive DEC approvals and a moratorium for the "Washington Ave." corridor. However, after over a year and half the developer was able to overcome the obstacles and the project will be one that will be a great "gateway" addition to the city. "We think the well thought out design of the building, extensive landscaping and "park like setting" with streetscape features will be welcome addition to the Uptown Kingston retail market," said Richard S. Korris, the managing member of the Developer. As with the developers other projects, it approached the site using a team approach to the development. The team in this case included Brinnier & Larios, civil engineers; Larson Design Group, architects; Creighton Manning, traffic engineers; Hudson & Pacific, landscape architects; Creative Visuals, visual simulator; Dean Somers, Esq., environmental legal services; Deb Thompson, DT Consulting, environmental consultant and Larry Wolinsky, Esq, zoning and entitlements attorney. The CVS Pharmacy is proposed to open in the first or second quarter of 2010. Northeast Retail Leasing & Management Co., LLC is involved in the development and redevelopment of retail and shopping center projects throughout New England and New York State. Northeast leases and manages the shopping centers it develops for itself as well as for third parties. Northeast currently manages over 2.5 million s/f of retail space.