TENANT UPDATE

NYC’s Meatpacking District wins a key tenant
Pandemic deserters are back and rents are up in Manhattan, office lights are flickering, and a corner property across the street from Diane von Furstenburg in the Meatpacking District has captured a major luxury watch Brand.
Gen Z renters begin pouring into major Metros
Two years ago, newly graduated Gen Zers were moving into tertiary markets closer to their native towns. Now they’re booking it to big cities.

Long Island center to get a Whole Foods and a new look

With a Whole Foods Market about to take up residence at Huntington Shopping Center, Federal Realty has announced a $75 million makeover of the property on Long Island’s north shore.
Why you should not fear cannabis dispensaries in your shopping centers

Most cannabis dispensaries are bright and well-lit with attractive modern-looking displays.
Phoenix retail market posts lowest vacancy in seven years

Increases in population and consumer spending are driving the strength of a key Southwestern market.
A tenant pledges to buy his failing mall Upstate New York

"This mall can be saved," says tenant Noal White, and he intends to save it.
Five Below to open flagship in Times Square’s E*Walk

The tenant lineup for the renovated E*Walk in Manhattan’s Times Square is filling up.
Hobby Lobby to open its first store in NYC

The largest arts-and-crafts retailer had drawn a circle around the United States’ largest market but never entered it. Now it will.
Mall of America adds its 17th new tenant since the beginning of the year

Common wisdom from real estate analysts as we emerge from the pandemic is that the best malls will survive, and Mall of America appears to be proof of that.
Federal upgrades Massachusetts center with new tenants and renovations

Federal Realty’s VP of asset management Chris Fleming thinks the pandemic has given the owner-operator of more than 100 properties an opportunity to upgrade many of them.

NYC’s Meatpacking District wins a key tenant