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Building renovations planned through ‘Henrico Tomorrow’ initiative
August 6, 2025
Federal Realty Investment Trust is leveraging the recently launched Henrico Tomorrow initiative – an office-focused incentive program developed by the Henrico Economic Development Authority – to renovate the West Tower office building in the Willow Lawn shopping center.
Through the Office Renovation Incentive Program, the company earned a matching grant of as much as $250,000 to support substantial upgrades to the building’s common areas and reposition the property for modern office users.
The investment marks an early step in the planned broader transformation of one of Henrico’s most prominent commercial corridors.
“We applaud Henrico for its proactive initiatives to strengthen the local office market and support job growth,” said Federal Realty Trust Senior Vice President of Asset Management Deirdre Johnson. “This investment allows us to move forward with thoughtful upgrades that will deliver a modern workplace built for productivity and connection.”
