Square One Mall's $76M loan in special servicing

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Square One Mall's $76M loan enters special servicing

Morningstar Credit reported Sept. 15 that the $76 million CMBS loan tied to Square One Mall has been transferred to special servicing ahead of its January maturity, and that the loan "faces nearly impossible odds to refinance." The loan is backed by a 540,000-square-foot portion of the 930,000-square-foot mall, excluding the Sears and Macy's stores; that portion was 74% occupied as of March 31 and is classified as a Class-C mall. Simon Property Group has listed Square One in its "Other Properties" category since 2021, which Morningstar said signals the Route 1 mall will likely be handed back to the lender and then sold.

Bisnow

Board of Health sends 121 landfill questions to MassDEP

The Saugus Board of Health voted Sept. 15 to send state environmental officials 121 questions on oversight, emissions, and the planned closure of the WIN Waste ash landfill.

Itemlive

Police blotter: bus incident, restaurant dispute, Essex Street crash

Saugus Police responded Sept. 14 to a dog tied to a bus bumper on Broadway, a restaurant dispute, and a two-vehicle collision on Essex Street.

Itemlive

Retirement Board nomination papers due today at noon

Candidates for a three-year seat on the Saugus Contributory Retirement Board must file nomination papers by noon today at the Retirement Office.

Mass.gov

Ranger-led industrial tour at Iron Works this afternoon

A Park Ranger leads a tour of Saugus Iron Works National Historic Site from 2 to 3 p.m. today, covering colonial ironmaking, waterwheels, and the forge hammer.

Trails & Sails

PayMore Saugus holds grand opening today

PayMore Saugus, an electronics resale store at 600 Broadway, celebrates its grand opening today from 11 a.m. to 7 p.m.

The North Shore Moms

Library offers yoga class and veterans visit today

Saugus Public Library hosts a free gentle-movement yoga class from 6 to 7:15 p.m. today, alongside its Veterans Visit program.

Saugus Public Library

Field hockey blanks Everett 6-0; Peabody sweeps soccer teams

Saugus field hockey beat Everett 6-0 on Sept. 15, with Hannah Strout scoring twice, while Peabody beat Saugus 4-1 in boys soccer and 7-0 in girls soccer.

MSONEWSports

Founders Day draws large crowd; two named Persons of the Year

The Town of Saugus reported more than 100 booths and a large crowd at its Sept. 12 Founders Day celebration, where Julie Cicolini and Nelson Chang were named 2026 Founders Day Persons of the Year.

Town of Saugus

Selectmen schedule hearing on quarry permit extension

At their Sept. 15 meeting, Saugus Selectmen scheduled a public hearing on Aggregate Industries' request for a six-month extension of its quarry special permit near Rear Broadway and Whittier Avenue.

Town of Saugus

Saugus Red 1 hosts Peabody Blue in 14U baseball today

Saugus Red 1 hosts Peabody Blue's 14U team from 5:30 to 7:30 p.m. today at World Series Park.

Peabody Babe Ruth

Selectmen accept Library Trustee's resignation

Saugus Selectmen's Sept. 15 meeting included acceptance of Gail Murray's resignation from the Library Board of Trustees.

Town of Saugus

Retirement Board lists new town and school hires

The Saugus Retirement Board's Sept. 15 agenda listed employees hired Aug. 31, including school paraprofessionals, ABA instructors, a speech-language assistant, an occupational therapy assistant, and the town's veterans services officer.

Town of Saugus

Forest Street home proposal faces wetlands hearing today

The Conservation Commission continues a 7 p.m. public hearing today on a proposed single-family home at 148 Forest Street, sited in wetland-buffer, riverfront, and floodplain areas.

Town of Saugus