Rhode Island company plans to redevelop Benny's locations

By Douglas McCulloch | Dec 04, 2017
Photo by: Matthew Bernat The East Wareham Benny's as of early September.

A Rhode Island developer has announced its plans to purchase and redevelop the East Wareham Benny's property and 28 former Benny’s locations across three states.

The Carpionato Group plans to invest $100 million into redeveloping the vacant buildings, once home to the family-owned discount retail chain known for its prices and iconic red facade. Twenty-nine of the retail chain’s 31 buildings in Connecticut, Rhode Island, and Massachusetts are included in the deal, which is still pending. Gregg Perry, a spokesperson for the Carpionato Group, said two locations were being leased by Benny's and not included in the sale.

In a press release, the company said it is seeking a mix of national, regional, and local retailers and restaurants to occupy the properties.

The $100 million price tag, which does not include the cost of buying the properties, will include renovations to building exteriors, parking lot and drainage upgrades, and will address any environmental concerns with the buildings.

The company will focus on the 14 Rhode Island properties first, and anticipates leases to be filled and retail stores to open by Christmas 2018. Perry said there is no deadline for when the Massachusetts locations could open. In a press release, Carpionato officials said redevelopment of the Connecticut and Massachusetts locations will follow "as quickly as possible thereafter."

Perry said as part of lease agreements between the company and prospective tenants, provisions will be included giving former Benny’s employees priority for jobs.

According to town assessment records, Benny's 3066 Cranberry Highway location is appraised at $1.8 million. The Benny's building includes 25,325 square feet of space and was built in 1969.

Benny's was founded in 1924 by Benjamin Bromberg. Its first location was on Fountain Street in Providence. Originally offering radio equipment and auto parts, the store soon expanded into everything from toys and bicycles to garden items and beach gear.

Citing a dramatic change in the retail landscape diminishing the value of 'brick and mortar' businesses, Benny's officials announced in September that all 31 stores in New England would close. In a statement released at the time, Benny's Vice President Arnold Bromberg said that those changes made it impossible for the family-owned chain to move forward.

Comments (12)
Posted by: cranky pants | Dec 04, 2017 19:44

Sonic ?



Posted by: greycat | Dec 04, 2017 20:53

Community Center?



Posted by: WWareham resident | Dec 05, 2017 06:29

Pretty vague reporting. What is going to be there now?

 

The lack of information makes me a  bit nervous. I



Posted by: Spherebreaker | Dec 05, 2017 09:16

Car dealership, Town Fair tire, Party store West marine, Harbor freight



Posted by: Rosebud | Dec 05, 2017 09:20

Don’t kill the messenger!  The purchase of the properties hasn’t been completed yet, as stated in the article; all the information available has been reported!  All towns with Benny’s properties should be happy that these properties are being purchased and hopefully developed.  The last thing Wareham needs is another vacant commercial building.



Posted by: Uptohere | Dec 05, 2017 10:02

I just hope its not going to be housing for hundreds of people.  The town boards better move their asses or we are going to have more solar farms or complexes where we don' want them and infrastructure can't handle it.



Posted by: Wareham By The Sea | Dec 05, 2017 14:13

Harbor Freight! The place to buy "good enough tools" for home projects and light use.  Nearest are in Brockton, Fall River, and Hyannis.  It would be great to see one in Wareham.



Posted by: sensei753 | Dec 06, 2017 13:04

I second the motion for a Harbor Freight !



Posted by: kevinc687 | Dec 06, 2017 17:59

How about a Golden Corral Buffet ?  They are Fantastic



Posted by: Wareham By The Sea | Dec 06, 2017 20:08

Golden Corral would be great!  Last time I was at one of those was in Florida.  It was  huge and had everything.

 

Or a big Chinese Buffet like the one on 44 in Raynham.



Posted by: BeachLover | Dec 07, 2017 07:39

Bring back Benny"s



Posted by: Randall Stephens | Dec 10, 2017 23:29

Probably another Pizza place , Dunkin Donuts or Low income housing ! We are running short on these in Wareham !

 



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