Click HERE to read more.
On Wednesday, January 8, Cedar Realty Trust presented awards to local Washington DC students. Cedar Realty Trust provided a grant to the Jackie Robinson Foundation (JRF) to support six students from Ward 7 in Washington, DC, who began college this fall as part of the class of 2023. This grant supports one JRF Cedar Realty Trust Scholar, who is participating in the Foundation’s core scholarship program and provides four-year financial scholarships, as well as a comprehensive set of services delivered through its celebrated “42 Strategies for Success Curriculum.”
In addition to the JRF Cedar Realty Trust Scholar, five local students received one-year scholarships to participate in JRF’s newest initiative, its Impact program. The Impact program delivers aspects of the JRF’s established curriculum to an expanded audience of students from across the country in a new online platform that dispenses substantive modules on strategies for success in college, hosted by JRF Scholars, education experts and other professionals and special guests.
On December 21, 2019, Cedar Realty Trust created a “Winter Wonderland” at Quartermaster Plaza with hot chocolate, sweet treats and a family-friendly performance from The Cat’s Pajamas Musical Group. Guests also took festive and fun photos inside a life-sized holiday snow globe. This event was one for the entire family to enjoy! #communitybuilding #cedarrealty
#Grocery anchored #retail is still proving to be viable. Our CEO, Bruce Schanzer spoke with Commercial Property Executive on the resiliency of grocery-anchored shopping centers perform against malls and big-box centers.
Grocery anchored shopping is a distinct asset type within retail. They’re anchored by groceries where people continue to the grocery store regularly since they are always feeding themselves. Although there is a rise of #ecommerce in the soft goods category, there isn’t the same level of adoption for produce. Our properties which are primarily grocery-anchored shopping centers continue to perform strongly with high customer traffic, full parking lots, and overall strong tenant performance.
Click HERE to listen to the PODCAST.
Giving back to our community is at the heart of Cedar Realty Trust, Inc. Our Washington Center Team recently volunteered at the Food Bank of South Jersey to help eliminate hunger and malnutrition in under served communities. Thank you to our family at Cedar! #communitybuilding #cedarrealty #nonprofit
Our COO, Robin McBride Zeigler, has always been a strong proponent of mentorship and sponsors. Earlier this week, she spoke on ICSC‘s panel “What We Learned Along the Way to the C-Suite” where she covered how young professionals can develop skills and expand their knowledge.
“Mentors give advice and make time to discuss issues one-on-one, while sponsors actually help the aspirant get from point A to point B — recommending them for job openings and vouching for them through a professional network. Young executives can turn mentors into sponsors by showing a willingness to learn, she suggests. Having specific questions and concerns and not wasting a mentor’s time helps. Have your ‘ask’ ready before you are having that coffee. Be respectful of their time.”
Click HERE to read more.
Cedar Realty Trust, Inc. broke ground on Thursday, October 3 at Fishtown Crossing, the redevelopment of a shopping center in Northeast Philadelphia formerly known as Port Richmond Village. The initiative will create 18,000 SF of new retail space, designed for a diverse mix of fast-casual dining, restaurants and shopping. Fishtown Crossing will also feature a host of new amenity upgrades, creating new public spaces that will foster an inviting atmosphere for shoppers and visitors.
Click HERE to read the full article.
We’re pleased to share that our SVP of Development and Construction, Michael Sommer, made it onto NJBIZ‘s Commercial Real Estate Power 50, highlighting the most influential players in the industry. Congrats Michael!
Cedar Realty Trust’s senior construction manager, Carmen D’Amico, was granted a variance to transform the former #BonTon in #Trexlertown into an Urban Air Adventure Park. This construction will convert the 60,000 square foot property to become an indoor trampoline and recreation park that includes rope courses, foam pits, and laser tag.
Urban Air Adventure Park’s community involvement will be filling the need for year-round clean, safe and affordable family entertainment. In addition to this, Urban Air will be hosting corporate events, fundraisers, field trips, summer camp groups, and groups for people with special needs. #cedarrealty #urbanair #franchise #realestate #construction
It’s always been about real estate for Bruce Schanzer, president, CEO and a director of Cedar Realty Trust, a REIT that owns, manages and redevelops grocery-anchored shopping centers in the Mid-Atlantic states, since June 2011. Prior to joining Cedar, he was a managing director in the real estate investment banking group at Goldman Sachs & Co. He also served as vice president of the real estate investment banking group at Merrill Lynch, and practiced real estate law. He received a B.A. from Yeshiva College (where he is now a trustee), an M.B.A. from the University of Chicago, as well as a J.D. from Benjamin N. Cardozo School of Law.
Click HERE to read the complete article.