Armada Hoffler

Recent research shows a clear shift in consumer preferences, moving away from convenience-driven options toward entertainment and social engagement. Today's consumers prefer spaces that foster social interaction and offer unique experiences. Developments with space to host events featuring live music, sports, and festivals are set to become major attractions, offering more than just traditional retail. This shift opens up opportunities to create multi-functional environments that prioritize shared experiences, ultimately delivering greater value for communities and investors. 📸: Town Center of Virginia Beach

This month's property spotlight is Red Mill Commons in Virginia Beach, Virginia. Acquired by Armada Hoffler in 2019, Red Mill Commons is a 374,000 square foot retail property that hosts over 80 businesses. This premier shopping destination features major anchors like The Home Depot, Walmart, TJ Maxx & HomeGoods, and Target, complemented by a diverse mix of specialty stores, boutiques, and restaurants. Popular tenants such as F45 Training, Crumbl, Uptown Cheapskate, and CycleBar add to its appeal. The property's strategic location in the Princess Anne area of Virginia Beach positions it as the most convenient shopping and dining destination in southeast Virginia Beach. This prime positioning, combined with its impressive tenant mix, drives consistent revenue while offering strong potential for sustained value enhancement.

While CRE properties in tourist-driven markets thrive in the spring and summer, sustaining success year-round takes strategic planning. In our latest blog, we discuss innovative practices to help these properties maintain success throughout the year. Click the link to learn how diversification, community engagement, and sustainability can drive consistent CRE performance: https://bit.ly/4eBPecS. 📸: Town Center of Virginia Beach

Every day, we are learning how to use AI to our advantage and one of the best ways to use it as a resource is to increase project efficiency, specifically in our construction sector by enabling smarter, more sustainable building practices. Armada Hoffler is at the forefront of this rapid innovation, using AI to enhance green building efforts, reduce environmental impact, and create sustainable communities for the future. To learn more about our ESG practices, check out our 2023 Sustainability Report: https://bit.ly/3cUYSgI.

In today’s competitive job market, creating modern, innovative workspaces attracts top talent. Armada Hoffler's offices are designed to foster collaboration and creativity, making them magnets for professionals who seek a dynamic and supportive environment. We prioritize unique amenities and well-being that align with our company values, helping our teams thrive and contribute to our ongoing success. https://lnkd.in/d96xRX86

Meet this month's employee spotlight, Brandi Whitlock! Brandi has been a member of our team for about three years. As a Property Accounting Manager, she works within the portfolio/property accounting department, managing the accounting side of each property and coordinating with the asset management team. Since joining the team, Brandi has appreciated the support and learning opportunities from multiple departments, which have helped her understand how everything comes together, from development to property management. In her free time, Brandi enjoys playing and watching sports. She is very excited for the start of football season!

Our striking mixed-use community, The Interlock, in Atlanta's West Midtown was featured in an article by ICSC on how retail and office work together. Retailers, restaurants, and entertainment tenants have helped fuel higher office growth and performance in Atlanta’s West Midtown. According to Cushman & Wakefield, office sector direct asking rents in the district have jumped about 40% since 2020. Read more: https://bit.ly/3Tu4iBv

Interested in joining our team? Come meet us at Old Dominion University's Accounting Career Fair on Tuesday, September 17th from noon until 2:30pm. 🎓 #ODU #CareerFair #Accounting

Today, we honor the resilience, unity, and courage of our nation. In remembrance of the lives lost and the heroes who rose on 9/11, we reflect on the strength of communities coming together. #NeverForget

Happy Labor Day! Today, we want to recognize the hard work and determination of every individual that has a hand in contributing to the success of our organization. Thank you to our team and partners who make our projects possible. 💙