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Lord's Buyer Says It Will Reuse Existing Building

Salvatore Capital Partners of Dedham bought Lord's Department Store in December. Reps say the current plan is to reuse the existing building.

When the owners of Lord's Department Store announced last week they were closing the iconic downtown store after 73 Years in business, the public was shocked, then sad, then curious (while still shocked and sad).

Next came the obvious question: "Once Lord's closes, what will go in?"  

On Dec. 31, the building at the corner of Main and South Streets by a limited liability corporation operated by Salvatore Capital Partners of Dedham, the same company that is in the process of converting the former Mobil gas station at Main and North Streets into a Starbucks coffeehouse.

Principal Gregory J. Salvatore told Patch he "understands the curiosity and the emotional sentimentality around the Lord's property" and said the current plan is to reuse the existing building.

"We are excited about the opportunity this property presents for the future of the center of Medfield. We look forward to creating an enhanced retail environment that will be a productive part of the Medfield community," he said, noting that one tenant or a few tenants might occupy the building.

The Salvatore company is in the process of speaking with "many interested parties" and will be going through a "thorough process to ensure we create a vibrant and sustainable retail destination," Salvatore said, adding there are several entities interested in the retail space.

"As you can imagine, the news of the property becoming available has created much interest from businesses that see Medfield Center as an opportunity," Salvatore said.

And while he could not specifically discuss any possible tenants for the Lord's property, he did say that Starbucks is not one of them.

"As for the Mobile station next to the town hall, our plan is to renovate the existing building for a Starbucks Coffee store," Salvatore said.  

For More Related Stories

  • Lord's Department Store to Close After 73 Years
  • End of An Era: Lord's Will Close Next Month
  • Uniquely Medfield: Goodbye to a Landmark and a Piece of Medfield
  • Lord's Souvenier T-Shirts to Benefit Bill Kelly Scholarship Fund
  • Dear Lords: Thanks for the Memories
  • Lord's Retirement Sale Starts Today
  • Resident Starts "Medfield Remembers Lord's" Facebook Page
  • Community Meeting to Plan Lord's Celebration 
  • Lord's: Who's Moving In?
  • And more...

 

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Jennifer Kidd January 11, 2013 at 03:26 PM
I am so sad about Lords closing and even more upset about what is happening to our town. My Family and I moved from Needham to Medfield because we loved the small town feel and unique quality Medfield possesses. Developers have found an untapped area where independent stores out numbered chains. Medfield is quickly becoming like every other town with a CVS, Dunkin Donuts and Starbucks on every corner. Dover has found a way to keep these big chains out of their town. I will miss Lords and hope it is not too late to stop Medfield from becoming like every other town.
Kerry Ripp January 12, 2013 at 05:12 PM
Kerry Ripp Im so sad that Lords is closing and i will miss a lot

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