We wait patiently for the right opportunities to present themselves and make strategic decisions that are driven by our commitment to sustain growth over the long term. The very nature of our business is long-term, with horizons measured in years, not quarters. We execute our strategy by focusing on four key business strengths: enhancing our core portfolio, maintaining a strong balance sheet, launching profitable external growth initiatives, and energizing the Acadia Team. We attribute our success to our unique business model and to our uncompromising commitment to three core attributes: 1 WE STAY FOCUSED With integrity, intensity, intelligence and innovation we have built an environment that encourages our employees to step out of their comfort zones and work creatively, helping to make us, and not just our portfolio, best-in-class. We humbly appreciate that our ability to achieve the high standards we set for ourselves can only be accomplished by curating a diverse team of top talent who believe and encompass the same values and business ethics that Acadia stands for.
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At the same time, we manage opportunistic and value-add investments through our series of discretionary, institutional funds. “Even if you didn’t need groceries, you could always go there for a sweet snack or some ice cream if you wanted to treat yourself with your friends.Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors, including those in New York, Chicago, Los Angeles, San Francisco, Washington DC, and Boston. “I think it could also open more things to do because a lot of people like to grocery shop together,” Nguyen said. Nguyen believes having the specialty grocer on Eddy Street will bring more students to the area, whether they need groceries or a bite to eat. “I also love their sparkling watermelon juice. “‘Hold the Cone’ ice cream is my favorite little treat to eat after a meal,” Nguyen said. “Having it in walking distance, especially at Eddy Street, a place that I’m really familiar with, it’s really convenient.”Īlthough the University had no further details to share at this time, the now highly anticipated opening does have students excited to grab some of their favorite Trader Joe’s items, and even recommend some to friends. “I’m really excited about it because Trader Joe’s is one of my favorite grocery stores back at home,” Nguyen said.
First year Kayla Nguyen frequents her local Trader Joe’s and said she is happy to know that the chain is coming to Notre Dame. Having access to a nearby grocery store, especially a familiar one, proves to be very desirable to college students.
I feel like there’s a community here that is attracted to that type of store.” “I go there every so often, usually to Chipotle or Purely Pressed,” Urasky said. Junior Katherine Urasky believes Trader Joe’s is the right kind of store to add to Eddy Street Commons. “I think it’s going to be really beneficial for everyone who wants to go to the grocery store and buy some things and not have to Uber there,” he said. Junior Daley Ryan said Trader Joe’s will be conveniently placed for on-campus students who do not want to venture too far for groceries. With its growing popularity among young people, many students are looking forward to having access to Trader Joe’s within a short walk from the Notre Dame residence halls. The store stands out from many typical grocery store chains, as it sells private-label goods. Trader Joe’s, known for its Hawaiian shirt-clad employees, will be joining a blend of restaurants, fast food options, businesses and residences as it opens on the southern end of Eddy Street.
Since then, Eddy Street has served not just the students of the tri-campus community, but also the Northeast Neighborhood. The first opened in 2009 and established the structure for a modern town center, introducing retail and restaurant space with condos, apartments and townhomes. With the partnership of Kite Realty Group Trust of Indianapolis, the University approached the creation of Eddy Street Commons over the past 15 years in two phases. Stretching several blocks off the south end of campus, Eddy Street Commons has become a popular spot for shopping and dining in the Notre Dame community. Last week, Notre Dame announced that California-based grocery chain Trader Joe’s will be the next addition to Eddy Street Commons, an area the University has been developing in collaboration with Kite Realty Group Trust. Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual core and opportunity fund platforms.
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