Work has started up again at the long-stalled site at 252 Atlantic Avenue, future home of the Atlantic Galleria, where Pier 1 Imports, Retro Fitness and others planned to set up shop. Crafts and framing shop Michael’s will replace Pier 1 as the anchor commercial tenant, according to new information on the sales site.
Other tenants will be TD Bank and Blink Fitness, according the site, leaving just one small spot of 663 square feet available.
We had noticed work had progressed on the foundation when we passed by a few weeks ago, although no workers were actually present at the time, on a weekday. Then a reader who lives nearby emailed us to say he noticed the site was buzzing with activity Friday.
The site has not been recently sold, according to public records, but the delay may have had something to do with financing. Last month, developer and owner Renaissance Realty Group took out a mortgage from Peoples United Bank for $15,100,000, according to public records.
Our tipster said he thought the foundation work was recent. “They are making a lot of progress quickly,” he said. He wasn’t as thrilled about the change of retailers, however. “Personally, I was more excited about Pier 1,” he told us.
Click through to see a shot from the street and the old rendering still posted on the construction fence.
252 Atlantic Avenue Coverage [Brownstoner]