420 Springfield Ave. in Summit — Courtesy: Newmark Associates
By Joshua Burd
A onetime department store complex in downtown Summit has found new life as a mixed-use commercial space, having reached full occupancy with a group of retail and office tenants.
Brokerage firm Newmark Associates said recently that the former Sealfons store at 420 Springfield Ave. is now 100 percent leased. Following the redevelopment of four buildings at the site, the space is now home to retailers such as Greene Street, an upscale men and women’s clothing store, along with Bonji Bowls and The Woodhouse Spa.
Bonji Bowls, a health-conscious juice and acai bowl café, is set to open in early 2018, Newmark Managing Director David Bieber said. Hilltop Tutoring and Solus LLC occupy office suites on the second floor, while The American Yoga School has leased the third-floor loft space.
Bieber said the project and the leases have helped reposition the building despite the challenges associated with downtown redevelopment.
“The nature of retail has dramatically changed with increased internet purchasing, the parking in Summit is at a premium and the city ordinances often limit the permitted uses,” Bieber said.