Massive theater chain National Amusements—operator of 1,500 screens—has acquired a temporary corporate headquarters in Norwood, purchasing a 64,542-square-foot office building located at 846 University Ave. for $9.4 million. The move accommodates the company while its longtime Dedham headquarters is demolished to make way for the ambitious Legacy Place lifestyle mall project.
According to real estate brokerage NAI Hunneman Commercial of Boston, which represented the buyer, the University Avenue property proved an ideal fit for a seamless transition due to its close proximity in neighboring Norwood. CB Richard Ellis/New England represented the seller, real estate company Maric Inc. Built in 1985, the modern office building had remained vacant since New York Life Insurance relocated to 690 Canton St. in Westwood over a year prior. National Amusements spokeswoman Wanda Whitson did not immediately disclose specific timelines regarding the length of the temporary stay.
The relocation is driven by the large-scale redevelopment of National Amusements’ 47-acre parcel at the southern end of Route 128 in Dedham. Partnering with developer New England Development of Newton (owners of the Chestnut Hill Mall and builders of The Shops at Five in Plymouth), the site is being transformed into Legacy Place, a 600,000-square-foot open-air lifestyle center anchored by a 16-screen National Amusements multiplex, along with marquee retailers such as L.L. Bean, Anthropologie, and New England’s largest Whole Foods Market. Project developers are targeting upscale shopper demographics, noting that approximately 204,000 residents with an average household income of $88,000 live within a five-mile radius of the Dedham property, with a grand opening anticipated for the following fall.
Simultaneously, Legacy Place faces regional retail competition from rival developers proposing the massive 4.5-million-square-foot Westwood Station project nearby on University Avenue in Westwood. There, Boston-based Cabot, Cabot & Forbes has accumulated 135 acres of industrial land to plan over 1 million square feet of shops, offices, and housing.
Archival Note: This article has been dynamically reconstructed from the original public record print archives of the Patriot Ledger
More Norwood Business History
-
Uptown Shoppers Mall Suggested in Norwood-September 7, 1966
Norwood selectmen and parking commissioners discuss urban renewal and the possibility of creating a pedestrian shoppers mall to combat downtown retail vacancies.
-
Norwood Shoe Warehouse To Be Built-July 16, 1964
As the sun rose over the quaint town of Norwood on July 16, 1964, a sense of excitement and anticipation filled the air. The residents of this charming community were abuzz with news that Consolidated Shoe Inc., a prominent manufacturer of several renowned brands, had finally reached an agreement to construct a state-of-the-art warehouse on…
-
Medical Center Plans Expected-July 10, 1964
The development of a proposed medical building on Walpole Street reached a significant milestone on July 10, 1964, as organizers announced that final preliminary plans were approximately one month from completion. ⠀ Once this rough draft is finalized, the project will be handed over to an architect—who had not yet been designated as of that…
-
James H. McManus Ice Cream Company Opens Norwood Pilot Store-July 8, 1964
In June 1964, the James H. McManus Ice Cream Company opened a new pilot location in Norwood, featuring over 40 flavors of traditional ice cream, sherbets, and water ices.
-
Developer Frank R. Simoni Seeks Zoning Change for New Shopping Center Project-August 21, 1963
Developer Frank R. Simoni has petitioned the Norwood Planning Board for a zoning change on Walpole Street to construct a shopping center, prompting a public hearing set for September 9.
-
Sears, Roebuck to Build Store In Norwood Shopping Center-May 22, 1960
On May 22, 1960, a crowd of civic, business, and government leaders gathered beneath a bright late‑spring sky at the Norwood Shopping Center, where a ceremonial shovel of earth marked the beginning of a major new chapter in local retail life. The groundbreaking celebrated the start of construction on a 31,500‑square‑foot Sears, Roebuck and Co.…
-
Norwood’s Thriving Business Scene-August 4, 1955
A look back at Norwood in 1955 reveals a thriving local economy filled with bustling auto dealerships like Boch Nash, popular eateries like Green Jade, and trusted neighborhood hardware stores and beauty salons.
Discover more from Norwood Historical Society
Subscribe to get the latest posts sent to your email.