X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STOUGHTON, MA-After years of trying to get a store built in Somerville, Ikea, the Swedish furniture retailer, has taken everyone by surprise with its recent proposal to build a 350,000-sf store on 20 acres just off Route 24.

The site is comprised of a number of lots owned by F.X. Messina Enterprises, a Braintree, MA-based developer and is surrounded by a number of other big-box stores such as Jordan’s Furniture, Costco and Christmas Tree Shops.

According to a number of town officials the town is eager to see Ikea move into its borders. “The town is receptive to the proposal,” Mark Stankiewicz, Stoughton’s town manager, tells GlobeSt.com. Ikea has been trying to get a 280,000-sf store built for nearly five years in Somerville. While the city has been fairly receptive to the idea, a local citizen’s group there has filed to block construction of the store. The trial is not expected to begin until next spring. Calls to Ikea were not returned by deadline, but a representative of the company tells GlobeSt.com that the Stoughton store has no impact on the company’s plan for a store in Somerville.

Ikea made a presentation to the town’s department head and Stankiewicz says the company will make a formal proposal next month. If the company gets all its approvals it can start construction by next summer.

Stankiewicz and other town officials point out that the plan’s main thorn is the potential increase in traffic. The problem is not insurmountable, says one official, but it has to be addressed. Stankiewicz notes that the store generates about 20,000 cars a day. “It all boils down to the traffic,” he says. “Obviously we would like it to work but can they do it to the satisfaction of town leaders and the residents?”

The company estimates that the store will produce approximately one million dollars per year in taxes. Ikea has 18 stores in the US, with the latest store under construction in New Haven, CT.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.