DLC breaks ground for new Nordstrom Rack in Massachusetts
In an era in which not much new high-value real estate is rising, ground has been broken for a Nordstrom Rack at Colony Place in Plymouth, Mass.
The previously undeveloped parcel will add 27,000-sq.-ft. of retail at the million-sq.-ft. center in a region where little new construction has taken place over the past decade.
This groundbreaking is an exciting milestone for DLC,” said Adam Ifshin, CEO of DLC Management Corp. “It’s our first ground-up development in the Plymouth-Boston market, and our first ground-up development with Nordstrom Rack. We’re building a showcase for our integrated approach.”
“And this is not just a buildout for our tenant; we’re building a showcase for our integrated approach,” he added.
Last year, the Elmsford, N.Y.-based DLC took an innovative approach to streamlining the buildout process through a collaborative effort between its affiliated companies: Renovo Construction and NWS Architects.
Since acquiring Colony Place in May 2024, DLC has executed a repositioning strategy at the center, filling its largest vacancies with Boot Barn and Gap Factory. The new Nordstrom Rack store will be situated between Aldi and La-Z-Boy at the center. The build represents DLC’s second collaboration with Nordstrom Rack, following prior leasing partnerships across its national portfolio.
Situated at the intersection of two major highways, Colony Place serves as a premier shopping destination for the Plymouth-Boston corridor.
“Retailers like Nordstrom Rack are leaning into physical locations that drive connection and profitability, and our vertically integrated platform allows us to deliver those stores faster, smarter, and more efficiently,” said DLC’s COO Chris Ressa.
“This project demonstrates our commitment to retail development and long-term growth across the DLC brand portfolio,” he added.
Attending the groundbreaking along with Ifshin and Ressa were Peyton Thomas of Renovo Construction; Ken Nadolski of NWS Architects, and DLC senior VPs Adam Greenberg and Blay Bradley.
