Providence Place will feature façade upgrades, new canopy ceiling and lighting, mural art, bike racks, new furniture, enhanced landscaping and more
Federal Realty Investment Trust (NYSE:FRT) announced today the renaming and rebranding of Pan Am Shopping Center as part of its ongoing repositioning efforts. The 228,000-square-foot community shopping center, located in Fairfax, Virginia, will be rebranded as “Providence Place.” This name change and branding will align with new aesthetics featured in the renovation while redefining the character of the Shopping Center with ties to its community. Providence Place draws inspiration from the Providence District of Fairfax County, of which the shopping center is located while the branding graphics incorporate design elements inspired by the architectural detail found on the historic Fairfax County Courthouse.
“We are excited to modernize the shopping center providing our customers with an enriched experience” said Deirdre Johnson, Senior Vice President at Federal. “We look forward to unveiling the newly rebranded Providence Place which is a nod to the community and history of the area while providing an exceptional experience for shopping, dining, and personal services.”
As previously reported, the shopping center is currently undergoing significant renovations, with construction well underway. These upgrades elevate the customer experience through a variety of enhancements, including a refreshed color palette, façade upgrades, a new canopy ceiling with updated lighting, and the addition of two trellis features complemented by new furniture. The property will also benefit from enhanced landscaping, the introduction of mural art and graphics, the installation of bike racks, and renovated signage.
The renovation is scheduled to be completed by year end.
About Providence Place (formerly Pan Am Shopping Center):
Providence Place is found in Fairfax, Virginia at the intersection of Lee Highway and Nutley Street. Anchored by Safeway, Michaels, Micro Center, and CVS Pharmacy, Providence Place also offers a variety of services and dining options including Glory Days Grill, Starbucks and Pro Nails.
About Federal Realty Investment Trust:
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 102 properties include approximately 3,300 tenants, in 26 million square feet, and approximately 3,100 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 56 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.