Main Street Landing in the Burlington Free Press
Main Street Landing
GIVING TENANTS A BREAK AT MAIN STREET
It appears there is one Main Street we don’t have to worry about.
Melinda Moulton and Lisa Steele, sustainable redevelopers of the Main Street Landing property on the Burlington Waterfront, found the space in their hearts — and their pockets — to do some good.
Main Street Landing has been involved in environmental and socially-conscious redevelopment since the early 1980s. They have completed over 250,000 square feet of new and renovated space, which includes the Union Station, CornerStone, Wing and Lake & College Buildings.
This past year Main Street Landing waived all of its tenants’ rent and triple net increases for the year in order to help them weather the economic storm. The owners also assisted some of their tenants in downsizing their spaces to help reduce their expenses.
“We wanted to show our tenants that we care about their success, and we wanted to give them a bit of a lift until the economy rebounded,” said Moulton, CEO and redeveloper of Main Street Landing. “We manage up to 100 leases and serve about 400 people in our neighborhood and that doesn’t include the daily rentals for events in our performing arts center.
“We have kept the rates for our daily rentals steady for more than two years and have no plans to increase those costs. Main Street Landing is like a neighborhood of folks who all support each other … .”
Moulton and Steele are creating tenant testimonials to help advertise their businesses in local papers while getting the word out about Main Street Landing.
“We are honored and blessed to have such an amazing group of businesses at Main Street Landing,” Moulton said. “It looks as if the economy is working itself back into some form of sanity, and the requests for space at Main Street Landing continue to come in … . Main Street Landing is doing very well this year because our tenants are hanging in with us, and we are drawing some new exciting folks into our neighborhood.”
— Myra Mathis Flynn, for the Free Press