A Market 32 By Price Chopper supermarket will anchor a 293,500-square-foot retail development at Maynard Crossing.
The Schenectady, New York-based grocery chain has leased 68,000 square feet for a supermarket that includes an extensive prepared foods section, pharmacy, 8,000-square-foot wine, spirits and cheese section and a Starbucks.
The complex is expected to break ground in spring 2017 and open in summer 2018. Plans also include two full-service and two fast-casual restaurants, a 20,000-square-foot health club, community bank, hardware store, apparel stores, medical center, 180 apartments and a 143-unit independent senior living facility.
Colliers International Boston represented developer Capital Group Properties in the transaction.
“Maynard has historically lacked a retail center, and being surrounded by several affluent communities makes it a prime location for a retail complex at the nucleus,” Peter Montesanto, senior vice president and retail team leader at Colliers International of Boston, said in a statement. “With centers trending towards a more grocer-centric mentality, Market 32 will increasingly drive daily trips to Maynard Crossing and ultimately contribute to the project’s long-term success.”
Price Chopper’s parent, Golub Corp., announced in 2014 that it will update and rebrand all of its stores under the Market 32 brand over the next several years. The company owns and operates 136 Price Chopper and Market 32 stores in New York, Pennsylvania and New England.