{"id":1004095340,"date":"2014-04-23T20:34:56","date_gmt":"2014-04-24T04:34:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=256725"},"modified":"2020-04-24T07:20:36","modified_gmt":"2020-04-24T15:20:36","slug":"armada-hoffler-to-redevelop-williamsburg-outlet-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/armada-hoffler-to-redevelop-williamsburg-outlet-mall\/","title":{"rendered":"Armada Hoffler to Redevelop Williamsburg Outlet Mall"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Jose-selfie-2888580.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-256727\" title=\"Jose-selfie--2888580\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Jose-selfie-2888580.jpg\" alt=\"\" width=\"300\" height=\"210\" \/><\/a>Armada Hoffler Properties, Inc., a Virginia Beach-based REIT, \u00a0announced last week that it has formed a joint venture with Vistacor L.L.C. to develop a grocery-anchored shopping center in Williamsburg. \u00a0Armada Hoffler is the majority partner in the joint venture.<\/p>\n<p style=\"text-align: justify;\">The developers have acquired the 230,000-square-foot Williamsburg Outlet Mall, which closed last year, and plan to replace it with a Lightfoot Marketplace shopping center. The cost of the project was not announced.<\/p>\n<p style=\"text-align: justify;\">In February, the project won the backing of James City County. It will be developed in phases. Construction on phase one is scheduled to start in the third quarter of 2014. It consists of 88,000 square feet and is expected to be completed in early 2016. Phase two would add 42,000 square feet.<\/p>\n<p style=\"text-align: justify;\">Harris Teeter has signed a 20-year lease for approximately 53,000 square feet of space and will be the anchor tenant. The remaining 35,000 square feet will be occupied by shops and restaurants.<\/p>\n<p style=\"text-align: justify;\">\u201cThis project exemplifies the development opportunities that result from deep and longstanding relationships with our partners,\u201d said Louis Haddad, CEO of Armada Hofflers, in a statement. \u201cOur past and continued relationship with Harris Teeter helped lead us to this new and exciting development opportunity in the heart of our mid-Atlantic footprint.\u201d<\/p>\n<p style=\"text-align: justify;\"><em>Photo credits: <\/em><a href=\"https:\/\/www.jamescitycountyva.gov\/\" target=\"_blank\" rel=\"nofollow\"><em>James City County<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armada Hoffler Properties, Inc., a publicly traded real estate investment trust based in Virginia Beach, has announced last week the newest project in its next generation development pipeline. The company has formed a joint venture with Vistacor LLC. Together they will develop a grocery-anchored shopping center in Williamsburg, Virginia. Armada Hoffler is the majority partner in the joint venture.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[3457,1815],"class_list":["post-1004095340","post","type-post","status-publish","format-standard","hentry","category-richmond-hampton-roads","tag-hampton-roads","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Armada Hoffler to Redevelop Williamsburg Outlet Mall - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/armada-hoffler-to-redevelop-williamsburg-outlet-mall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Armada Hoffler to Redevelop Williamsburg Outlet Mall\" \/>\n<meta property=\"og:description\" content=\"Armada Hoffler Properties, Inc., a publicly traded real estate investment trust based in Virginia Beach, has announced last week the newest project in its next generation development pipeline. The company has formed a joint venture with Vistacor LLC. Together they will develop a grocery-anchored shopping center in Williamsburg, Virginia. Armada Hoffler is the majority partner in the joint venture.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/armada-hoffler-to-redevelop-williamsburg-outlet-mall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-24T04:34:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-24T15:20:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Jose-selfie-2888580.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/armada-hoffler-to-redevelop-williamsburg-outlet-mall\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/armada-hoffler-to-redevelop-williamsburg-outlet-mall\/\",\"name\":\"Armada Hoffler to Redevelop Williamsburg Outlet Mall - 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