New Retailer Options Create a Destination for All Things Home
Two powerhouse furniture retailers, Bob’s Discount Furniture (38,163 SF) and Raymour & Flanigan (51,834 SF) have signed leases at Assembly Square Marketplace to join Ashley Furniture and TJ Maxx/HomeGoods in a concentrated destination with more than 165,000 SF of retail space devoted to furnishings, décor and accessories.
Bob’s, one of the fastest growing omnichannel furniture retailers in the country, aims to provide unsurpassed value with honesty and integrity. Stores offer a wide variety of stylish, quality furnishings, mattresses and home accents. Raymour & Flanigan, a family-owned furniture chain, is the largest furniture and mattress retailer in the Northeast. This will be the company’s first store in Eastern Massachusetts.
Combined with key retailers such as Yankee Candle, Le Creuset, Bath & Body Works and Zwilling at the adjacent Assembly Row, this neighborhood delivers a wide range of choices and options that span all price ranges, to help residents and visitors get everything they need for their own home or find the perfect gift.
“This concentrated cluster of popular furnishing and home décor retailers creates an even more compelling destination for those looking for one-stop shopping,” said David Middleton, Vice President and General Manager for Federal Realty. “We continue to deliver a fresh and relevant retail experience for our shoppers, neighborhood residents and the community.”
About Assembly Row:
Assembly Row is one of Greater Boston’s fastest growing neighborhood destinations. Conveniently located along I-93 and with direct access to Downtown Boston via the Orange Line and its dedicated MBTA station, Assembly Row is a dynamic neighborhood that offers first-class working, living, shopping, entertainment, and dining experiences. Assembly Row boasts over one million square feet of office space, 1,500 residential units, a 158-room Autograph Collection Hotel, and over 500K square feet of retail, restaurant, and entertainment. When fully built across 40 acres along the Mystic River, the Assembly Row neighborhood will feature a total of 635,000 square feet of retail and restaurant space, 2 million square feet of office space, and 1,800 residences.
Assembly Row currently offers more than 40 national brands, including Sephora, Warby Parker, Polo Ralph Lauren, Nike Factory, Saks Fifth Avenue OFF 5TH, and J. Crew Factory. Entertainment options include the 12-screen AMC Assembly Row 12 and IMAX, the only LEGO Discovery Center in New England, and Lucky Strike Social. Over 35 eateries line the Riverfront Park and streets, including Civility Social House, Shake Shack, sweetgreen, Legal On The Mystic, Earl’s Kitchen + Bar, Frank, Salt & Stone, Tony C’s, River Bar, The Smoke Shop BBQ and Ruth’s Chris Steakhouse. For more information please visit AssemblyRow.com.
About Federal Realty
ederal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 102 properties include approximately 3,300 tenants, in 26 million square feet, and approximately 3,100 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 56 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
