Waterstone Properties Announces Progress & Additions to Rock Row
One of America’s largest fast-dining establishments & a 190-unit residential complex joining the 110-acre Rock Row development—more than 24 other national retailers/leading brands at Letter of Intent (LOI) or in advanced lease negotiations
WESTBROOK, ME. (May 12, 2020)—Going against the grain of a historic economic downturn, the developers of Rock Row in Westbrook, Maine, announced two major additions to its 110-acre, $600 million development today—a 5,000 sq. ft., free-standing Chick-fil-A family restaurant and a 190-unit, four-story residential complex. The company also announced that they have Letters of Intent or are in advanced lease negotiations with more than two dozen national retailers/leading brands.
“Rock Row’s outdoor, nature-inspired design and open-air streetscapes are very attractive selling points to everyone in our post-pandemic world,” said Josh Levy, co-founding principal of Waterstone Properties, developers of the project that features a 400-foot wide, 300-foot deep granite quarry as a scenic and unique centerpiece. “Being in a place that embraces healthy living and the outdoors—which Rock Row certainly does—is where retailers, businesses and guests want to be as our lives get back to normal. Enclosed, interior malls and contained office parks are at a disadvantage to our open-air concept and have a very tough road ahead.”
Levy also announced that there are no delays in the Rock Row project due to the Coronavirus pandemic and the opening of Phase One of Rock Row—marked with the opening of a state-of-the-art Market Basket supermarket—is on schedule and expected to occur within the next 60 to 90 days.
The Chick-Fil-A will be the second in the state of Maine (the other is located in Bangor) and is known for its signature chicken sandwich, waffle fries and family-friendly atmosphere. The Rock Row restaurant will feature two drive-through ordering/pick up windows and is expected to open in late 2021. Chick-Fil-A is the largest quick-service chicken restaurant chain in the United States.
The 190 residences will primarily consist of one- and two-bedroom units that feature a high level of design features and amenities, including fitness center and community room. Residents will also have access to Rock Row’s Five-Star Concierge Service which provides conveniences such as food and restaurant deliveries, car washing and detailing, dog grooming and walking, personal event planning, dry cleaning, errand services and more.
“Rock Row is progressing full-speed ahead as more and more retailers and tenants are hearing about it and fully understanding how powerful this development is from a growth, experiential and location standpoint,” said Levy. “Both the residences and Chick-fil-A restaurant are ideal complements to the vibrant live, work and play community that Rock Row will soon be offering. It doesn’t matter if you are visiting for an hour during lunch or choosing it as your office or residence, Rock Row will deliver a best-of-the-best experience at every turn—whether you are an office worker, shopper, resident or guest.”
Chick-fil-A and the residential complex will join previously signed LIVE NATION Maine Savings Pavilion, Market Basket, a 122-room boutique Element Hotel, a 12-screen Cinemark Theater, Starbucks, The Paper Store, a Brew and Food Hall run by nationally renowned Colicchio Consulting and other retail, dining, entertainment and office tenants in the second largest retail and mixed-use development in New England. Waterstone Properties purchased the quarry site in 2017; the $600 million project is the first of its kind in the state.
Levy said more major announcements can be expected within the next 60 to 90 days.