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Cedar Realty Trust, Inc. is a real estate investment trust that invests in shopping centers.It is a subsidiary of Wheeler Real Estate Investment Trust. As of December 31, 2022, the company owned 19 properties with 2.9 million square feet of leasable space primarily in the Northeastern United States, including 7 properties in Pennsylvania.
The Virginia Beach Town Center is located in the Central Business District of Virginia Beach across the street from Pembroke Mall. Although the city had planned a "downtown" project for decades, clearance of land, and building construction did not begin until around 2000. The first building, the Armada Hoffler Tower, opened in 2003.
Wheeler Real Estate Investment Trust Inc., a company with a primary focus on grocery-anchored centers, said January 22, 2018, that WHLR-JANAF LLC, a wholly owned subsidiary of the firm, has purchased JANAF Shopping Yard shopping center in Norfolk for $85.6 million. At 887,917 square-feet, JANAF is the largest open-air shopping center in the region.
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Real estate, defense, and tourism are major sectors of the Virginia Beach economy. Many local public and private groups have maintained a vested interest in real-estate redevelopment, resulting in a number of joint public-private projects, such as commercial parks.
The program, in partnership with the United Way of South Hampton Roads and the city of Virginia Beach, aims to help small businesses and businesses in the tourism, travel and hospitality industry ...
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