The new owner of the block of four retail storefronts across from the Monument plans to maintain the existing building uses, Banker & Tradesman reports.
As Jamaica Plain News reported last week, Hajjar Management Co., a developer primarily known for managing apartment buildings and developing hotels, bought 775-783 Centre St. last week for $1.72 million. The Tedeschi convenience store at the corner of Centre and Eliot streets recently closed; American Dry Cleaners, Kamado Super Fusion and JP House of Pizza continue to occupy the remaining storefronts.
According to Banker & Tradesman:
Paul Mahoney, COO for Hajjar Management, said the company has no plans for a significant redevelopment.
“It will remain as a retail use, with an updated facade in keeping with the vibrant Jamaica Plain market. It’s a great spot, and highly visible,” Mahoney said via email.
The new owners are in discussions with various replacements for Tedeschi’s, he said.
Read the full Banker & Tradesman story here (subscription required).