Edens & Avant Adds Mixed-Use to Its Strategy

BETHESDA, MD-Traditionally focused on grocery-anchored shopping centers, Edens & Avant’s Mid-Atlantic operations at least are moving beyond this tried-and-true model, according to Steve Boyle, vice president of development in the local office. It is not a formal strategy change, he tells GlobeSt.com. While the company remains interested in its core product he says, “recently we have become focused on other projects and strategies as well.”

These new interests include mixed-use projects, properties that are well located in various submarkets and value add opportunities that can be repositioned. “If it can be improved, then it is something we are willing to take a look at,” Boyle says.

The firm would consider a residential component to a retail project, for example, as well as an office building as an ancillary use in a redevelopment. Boyle draws the line at a shift to pure office plays. “We are not in the office development business.”