Latest news with #EYA
Business Journals
07-07-2025
- Business
- Business Journals
Regency Centers prioritizes strategic placemaking in the mid-Atlantic region
As 2025 continues, fundamental strength in open-air, grocery-anchored shopping centers remains a key trend within the commercial real estate landscape. In recent years, tenants and consumers alike have shown a renewed appreciation for brick-and-mortar retail. Suburbanization and hybrid work models are fueling demand for retail spaces in suburban trade areas with compelling demographics. These shopping centers, which serve as community hubs, benefit from consistent foot traffic driven by necessity-based retailers and service providers, including best-in-class grocers. Open-air retail spaces with a curated merchandising mix, incorporating both national brands and local businesses that meet community needs, have proven resilient over time. Retailers are blending physical stores with e-commerce solutions, such as curbside pickup, to enhance convenience and customer experience. Economic uncertainty has underscored the importance of disciplined capital strategies, including low leverage and targeted investments. Sustainability also remains a top priority, with investors and tenants favoring energy-efficient properties and community-focused developments. Regency's portfolio enhancement in the mid-Atlantic region is anchored by the transformation of underutilized or aging properties into vibrant, modern spaces that meet the demands of today's retail real estate market. This approach involves meticulously analyzing market trends and economic indicators and identifying high-potential areas for investment from both a development and redevelopment point of view. Westbard Square Following its acquisition of the former Westbard shopping center in 2017, Regency's Washington, D.C. team took a step back to assess the site and the community's needs. Since then, Westbard Square, a 23-acre, community-centric, mixed-use development in Bethesda, Maryland, has taken shape. A thoughtful blend of retail, office and residential, Westbard Square is a multi-phase redevelopment that, upon completion, will include 148,000 square feet of retail and office space, 100 EYA townhomes, 200 apartments, open space and a 116-unit assisted living facility. Anchored by a 65,000-square-foot Giant Food grocery store, Regency recently completed the first LEED Silver certified $37 million phase of the south building, which includes 125,800 square feet of retail and office space. expand During this time frame, Kensington Senior Living also initiated construction of a 116-unit assisted living facility on the site, with plans for completion in summer 2025. The future phases, slated to start late this year, will include the development of additional EYA townhomes as well as the north building, featuring 200 multifamily housing units and 20,000 square feet of street-level retail. Phase II will also feature a new county park with a playground as well as a separate, dedicated central green situated between the north and south buildings. Acting as the hub of activity for Westbard and the surrounding community, it's designed to encourage gatherings and serve as a venue for numerous events, features a freestanding restaurant building, and will allow for the consumption of beverages thanks to Regency's partnership with Montgomery County and its new legislation allowing for new forms of licensing. The Crossing Clarendon The Crossing Clarendon is a 419,950-square-foot shopping center anchored by Whole Foods Market and situated in the highly desirable Arlington, Virginia, market. Upon its 2016 acquisition of the 10-acre mixed-used shopping center spread across multiple city blocks, the team envisioned an opportunity to reimagine an older building that was originally constructed as a multi-level Sears department store in 1942. Through Regency's industry-leading sustainability practices, the project earned a LEED Gold certification and attracted Life Time Athletic Club, complete with a Life Time Work component — the first location within the greater Washington, D.C., and Baltimore area to contain this sought-after offering. Spanning 113,000 square feet across four floors plus lower-level space, the Life Time facility combines remote-work-friendly spaces with a world-class health club experience. The top floor, spanning 28,000 square feet, is a dedicated coworking space, while the athletic club and accompanying amenities occupy 85,000 square feet across the balance of the building. expand Anticipating how we live, not just how we shop, is the art of placemaking. Concepts like Life Time that align with how we work today, along with communal space that fosters connections for residents of all ages, play a role in creating a vibrant community at The Crossing Clarendon. Most recently, Regency embarked on the next phase of its transformation of this iconic asset, and has launched its redevelopment of the two-story Barnes and Noble building, which sits prominently at the 50-yard line of the property. This redevelopment will add multiple new food and beverage operators including a prominent brewery from Charlottesville, Virginia, and a first to market restaurant from New York City. Regency will also welcome back Barnes and Noble to the building, providing the Arlington community and its longstanding gathering hub with a fresh new design. The Loop, a centrally located communal space in the heart of The Crossing Clarendon development, is a dedicated, family-friendly spot for community connection. Tailored to all generations, the Clarendon neighborhood has embraced The Loop, which offers an array of opportunities to host events, lounge, linger and play. Similar to the structural redevelopment of The Crossing Clarendon, Regency continues to bring creative design, functionality, and sustainability together by incorporating principles from biophilic design at The Loop to increase connectivity to the natural environment. Efforts include using less paving and more verdant greenery, converting an existing drive isle into a pedestrian-only piazza, outdoor seating, innovative play structures, and more. As Regency continues to expand its presence in the mid-Atlantic, its active capital allocation strategy and transformative redevelopment projects serve as a blueprint for success in the dynamic real estate market. By staying ahead of trends, embracing innovation and fostering community engagement, Regency continues to play a pivotal role in shaping the future of real estate in the mid-Atlantic and across the country.
Washington Post
21-05-2025
- General
- Washington Post
Reservoir District pumps new life into historical Washington site
Century-old silos stand sentry over the newest incarnation of the area where they once housed tons of sand used to filter water from the McMillan Reservoir in Northwest Washington. Today the 20 concrete structures border EYA's Reservoir District development, where 146 townhouses are rising as part of a reimagined community that blends history with a modern aesthetic following a years-long controversy over the future of the area.
Rhyl Journal
12-05-2025
- Politics
- Rhyl Journal
Proposed changes to space requirements in nurseries ‘could lead to overcrowding'
The 'quality of provision' in early years and childcare settings could be affected if the implementation of proposed reforms are not properly monitored, according to the Early Years Alliance (EYA). The Department for Education (DfE) has launched a consultation on possible changes to the indoor floor space requirements per child in the early years foundation stage (EYFS) frameworks in England. It comes as the expansion of funded childcare – which was introduced by the Conservative government – began being rolled out in England in April last year for working parents of two-year-olds. Working parents of children older than nine months are also now able to access 15 hours of funded childcare a week, before the full roll-out of 30 hours a week to all eligible families in September. The DfE consultation is seeking views on whether or not 'free-flow' outdoor areas should be able to be included in floor space measurements for two-year-olds and above. Currently, outdoor areas cannot be included in the EYFS indoor space measurements where indoor activity in a building forms the main part of, or is integral to, the early years provision. Neil Leitch, chief executive of the EYA, said: 'While we recognise that some settings may welcome the additional flexibility that would be created by this change, we remain concerned about the impact that such a policy could have on the quality of provision – and in particular, the risk that these reforms could result in overcrowding in some settings if the implementation, assuming these proposals go ahead, is not properly monitored. 'We're clear that ensuring the safety and well-being of young children must always be at the heart of early years education and care. 'And yet, as we get closer to the final stage of the entitlement expansion, it appears that the need to create new places is constantly being prioritised over and above the need to ensure the consistent delivery of high-quality early years provision.' From Monday, working parents of children who turn nine-months-old before September 1 can apply to access up to 30 hours of funded childcare per week. Education Secretary Bridget Phillipson said women would be given added 'freedom' to have more children by expanded government-funded childcare. She told the Daily Mail: 'They will be able to make choices about the career that's right for them, the hours that they want, but also (have) the freedom to think about family size and how many children they want to have, with support from the Government around childcare hours. 'That brings huge benefits to working women and this is a generational shift in terms of the new funding that's been put in place.' Purnima Tanuku, chief executive of the National Day Nurseries Association, said: 'Consulting on the use of outdoor space is a positive step that recognises changes in research and best practice about how children can learn and develop in the outdoor environment. 'It will be important to ensure that this approach is based on best practice and what is best for children. 'There is also a need to review the indoor space requirements because no-one knows how they were defined and have not been reviewed in living memory. 'However, even if providers can increase capacity based on space, providers are still telling us that they need more staff to be able to meet local demand for places.'
Western Telegraph
12-05-2025
- Politics
- Western Telegraph
Proposed changes to space requirements in nurseries ‘could lead to overcrowding'
The 'quality of provision' in early years and childcare settings could be affected if the implementation of proposed reforms are not properly monitored, according to the Early Years Alliance (EYA). The Department for Education (DfE) has launched a consultation on possible changes to the indoor floor space requirements per child in the early years foundation stage (EYFS) frameworks in England. It comes as the expansion of funded childcare – which was introduced by the Conservative government – began being rolled out in England in April last year for working parents of two-year-olds. Working parents of children older than nine months are also now able to access 15 hours of funded childcare a week, before the full roll-out of 30 hours a week to all eligible families in September. The DfE consultation is seeking views on whether or not 'free-flow' outdoor areas should be able to be included in floor space measurements for two-year-olds and above. Currently, outdoor areas cannot be included in the EYFS indoor space measurements where indoor activity in a building forms the main part of, or is integral to, the early years provision. Neil Leitch, chief executive of the EYA, said: 'While we recognise that some settings may welcome the additional flexibility that would be created by this change, we remain concerned about the impact that such a policy could have on the quality of provision – and in particular, the risk that these reforms could result in overcrowding in some settings if the implementation, assuming these proposals go ahead, is not properly monitored. 'We're clear that ensuring the safety and well-being of young children must always be at the heart of early years education and care. 'And yet, as we get closer to the final stage of the entitlement expansion, it appears that the need to create new places is constantly being prioritised over and above the need to ensure the consistent delivery of high-quality early years provision.' Education Secretary Bridget Phillipson said women would be given added 'freedom' to have more children by expanded government-funded childcare (Aaron Chown/PA) From Monday, working parents of children who turn nine-months-old before September 1 can apply to access up to 30 hours of funded childcare per week. Education Secretary Bridget Phillipson said women would be given added 'freedom' to have more children by expanded government-funded childcare. She told the Daily Mail: 'They will be able to make choices about the career that's right for them, the hours that they want, but also (have) the freedom to think about family size and how many children they want to have, with support from the Government around childcare hours. 'That brings huge benefits to working women and this is a generational shift in terms of the new funding that's been put in place.' Purnima Tanuku, chief executive of the National Day Nurseries Association, said: 'Consulting on the use of outdoor space is a positive step that recognises changes in research and best practice about how children can learn and develop in the outdoor environment. 'It will be important to ensure that this approach is based on best practice and what is best for children. 'There is also a need to review the indoor space requirements because no-one knows how they were defined and have not been reviewed in living memory. 'However, even if providers can increase capacity based on space, providers are still telling us that they need more staff to be able to meet local demand for places.'
The Independent
13-03-2025
- Business
- The Independent
Why childcare providers will be forced to limit funded places and increase prices
Financial pressures will force childcare providers across England to limit the number of Government-funded places on offer to parents and increase prices, Early Years Alliance (EYA) has warned. The charity said early years settings face a 'perfect storm of challenges' citing national insurance and minimum wage rises as key factors that 'many will not be able to survive'. A survey of 1,155 senior staff in nurseries, preschools and childminders in England paints a stark picture of the sector's struggles. It found 59 per cent of providers are likely to either reduce the number of funded places they offer for three and four-year-olds or they could opt out of offering funded places for this age group entirely. More than nine in 10 (94 per cent) said their setting is likely to increase fees for non-Government funded hours over the next year, while more than three in four (77 per cent) said they are likely to introduce or increase charges for optional extras – such as nappies, meals and trips. Nearly three in 10 (28 per cent) said they are likely to permanently close the entire setting over the next year, the poll suggested. The findings come as the Government's expansion of funded childcare for working parents is being rolled out in England. Working parents of children older than nine months are now able to access 15 hours of funded childcare, before the full rollout of 30 hours a week to all eligible families in September. Among the survey respondents currently offering funded places for two-year-olds, 18 per cent said they are likely to reduce the number of funded places they offer, while a further 5 per cent said they could opt out of the scheme entirely. The EYA survey – carried out online between March 4 and 11 – found that only around a third (36 per cent) of providers currently offering funded two-year-old places for working families are planning to extend all these places from 15 hours to 30 hours a week from September. Of the settings currently offering funded under-twos places, only 41 per cent are planning to increase all 15-hour places to 30-hour places, according to the poll. National insurance rises, minimum wage increases and updated rules on additional charges were the main reasons cited by senior staff in settings for considering reducing or opting out of funded places. Last month, the Department for Education (DfE) updated its statutory guidance for local authorities in England to protect parents from paying additional charges on top of the Government's funded childcare offer. It said parents should not face 'mandatory' charges for extras as a condition of accessing a funded childcare place and a local authority 'should intervene' if a childcare provider does this. Councils should ensure settings are aware they can charge parents for extras, but these charges 'must be voluntary' for families, it added. One provider who took part in the survey said: 'Currently, we are struggling to stay afloat. 'The funding we receive from our local authority isn't enough and with the parents only taking their eligible hours and not being able to charge extras, it's looking likely we may close.' Another said: 'We cannot run at a loss year on year. The increases this year in staffing costs (NI and living wage) plus the increases in energy, rent, food and resources mean the setting is no longer sustainable unless we reduce funded places and increase our fees.' The EYA is calling on the Government to increase investment into the early years to ensure providers are able to meet rising cost pressures while keeping parent fees as low as possible. It has said early years providers should be exempt from the national insurance changes, or they should be compensated in full for the increases. Neil Leitch, chief executive of the EYA, said: 'These survey findings should set alarm bells ringing across Government. 'At a time when ministers are looking to significantly expand the early entitlement scheme, we have a huge proportion of providers warning that the exact opposite is likely, with many forced to limit funded places or opt out of the offers entirely due to unsustainable financial pressures. 'While we of course recognise the need to ensure clarity and transparency for parents when it comes to additional charges for entitlement places, the fact is that this updated guidance has been implemented against a backdrop of severe and sustained underfunding, which the Government has yet to address, or even acknowledge. 'Add to this the impact of upcoming increases in both national insurance contributions and the national minimum and living wage, and you have a perfect storm of challenges for early years providers - one that many will not be able to survive. 'It is one thing to recognise the importance of the early years, but it is quite another to deliver the financial and practical support that settings need – and make no mistake, our sector needs it now. 'We therefore urge the Government to work with the sector and ensure that the early years gets the investment it needs to deliver on the promise made to parents – before we reach the point of no return.' Neil O'Brien, shadow education minister, said: ' Rachel Reeves 's jobs tax is set to raise costs for providers significantly, costs that are inevitably going to be passed onto parents with higher fees as the sector sees little-to-no government support to compensate for the consequences of their decisions. 'At the end of the day, parents will be forced out of the workforce by these costs, hurting our economy even more. 'Once again, it is ideology over national interest with this Labour government.' Department for Education spokesperson said: 'Giving every child the best start in life is central to our mission to break the unfair link between background and success, and through our Plan for Change, we'll get thousands more children school-ready by age five. 'That's why, despite having to take tough decisions to fix the foundations of the economy, we are raising spending on the early years entitlements to over £8 billion next year and we have announced the largest ever uplift to the early years pupil premium, increasing the rate by over 45 per cent compared to 2024-25. 'On top of this, we have recently announced details of a targeted £75 million grant to support the increase to 30 government-funded hours from September, alongside our strengthened guidance to make sure that parents do not face unfair charges to access a place.'
