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NEW BEDFORD, MA-The Riverside Landing development here off the I-195 is securing Market Basket as the anchor tenant for its $20-milllion Phase I retail portion. The developers are Quincy-based Dickinson Development Corp., which will drop the grocery chain on a footprint of 95,000 square feet.

Mark Dickinson, president of Dickinson Development, tells GlobeSt.com that the construction will begin in the fall and aims to top off in the spring of 2010. With an anchor tenant in place at the 14-acre site, the developer can begin marketing the rest of the proposed retail space, which Dickinson says will aim to be preleased before it is added to the Market Basket floorplate. Officially, this store will be the 64th location for Market Basket which boasts stores throughout Massachusetts and New Hampshire.

“A successful development must fit in with surroundings and new construction should connect with the community to bring new vitality,” says Dickinson in a statement.

As part of the building process, the developer has salvaged bricks and concrete to recycle for use in the parking lot, reducing its waste and the roof of the grocery will be designed to accommodate solar panels, according to Dickinson. A riverwalk park will also be added, allowing access to the Acushnet River for the community.

The adjacent lot is looking to prelease space before beginning construction on a 40,000 mixed-use facility, which will primarily be office with retail space on the first floor, says Dickinson. With the average Market Basket coming in at 60,000 square feet, the newly signed one will be roughly 50% bigger, making it the second biggest Market Basket to date. A 130,000-square-foot Market Basket makes its home in Chelsea.

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