New York firm buys Hyde Park mall with room for expansion

Urban Edge Properties of New York has purchased the Shops at Riverwood on River Street at the Mattapan Line for $32.9 million from Finard Properties, which started building the mall on the grounds of a sprawling former paper mill in 2008.

The eight-acre parcel where the Bay State Paper plant used to be still has plenty of room for expansion beyond the Price Rite supermarket, Santander bank branch, Burger King, Planet Fitness and other stores and offices Finard built.

However, Urban Edge Properties - not affiliated with the local Urban Edge, which builds non-profit housing - did not say what its plans for the open land are, except to note that plans for a previously announced Starbucks at the site are continuing.