EagleTribune.com, North Andover, MA

New Hampshire

July 19, 2013

Changes planned for old Shaw's plaza in Plaistow

PLAISTOW — Significant changes could be coming to the Plaistow Center Plaza on Route 125 within the next year. Town officials welcome the changes.

Taurus New England Investments, which owns the plaza, presented their vision for the plaza to the Planning Board Wednesday.

“Our goal is to make sure the entire center is fully leased,” said Edward Vydra, director of development for Taurus.

The shopping center has struggled since Shaw’s moved out of the plaza in 2007, but new tenants could soon fill the void. Shaw’s moved to a new location across Route 125.

Vydra announced at the meeting that they are close to an agreement with Aldi’s Supermarket to fill 18,000 square feet of the 48,000-square-foot space Shaw’s occupied.

He said he expected Aldi to move into the space within six to 10 months.

Vydra also said a significant business was close to an agreement to move in to the remainder of the former Shaw’s building, but could not release the name. Town Planner Leigh Komornick said in April that HomeGoods was interested in the location.

In addition to those two businesses, Dollar Tree will move from the north end of the plaza to a new 12,000-square-foot building, which will share a wall with Aldi.

Once Dollar Tree moves, the plan is to demolish the 78,090-square-foot section between Papa Gino’s and the current Dollar Tree location. The space is vacant for all but a couple of months a year when Halloween Express takes one of the open spots.

“The whole frontage will basically get opened up,” Vydra said.

He said he hopes to replace those buildings with new buildings by 2015.

The plan is expected to be officially filed to the town within the next several weeks.

Vydra said the reason for the change is that most retailers are looking to stay away from strip malls.

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