Federal Realty Investment Trust said it has about $400 million of residential-over-retail development projects underway across multiple markets, targeting blended yields approaching 7%. The latest project is a redevelopment in Willow Grove, Pennsylvania, where the company plans to replace about 130,000 square feet of existing retail with a six-story mixed-use building featuring 261 apartments, a 438-space parking structure and 52,000 square feet of retail; construction is expected to start in the second quarter of 2026. Active projects also include developments in Bala Cynwyd, Pennsylvania, Hoboken, New Jersey, and San Jose, California, totaling 781 units and an estimated $385 million to $411 million in cost.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Federal Realty Investment Trust published the original content used to generate this news brief via PR Newswire (Ref. ID: PH97086) on February 26, 2026, and is solely responsible for the information contained therein.