Hyperlocal Honey Available To Visitors While The Bee Population Improves
Federal Realty Investment Trust (NYSE: FRT) today announced it is joining with The Best Bees Company’s network of client partners committed to making a positive impact on local bee health and advancing global pollinator research. At the outset, three FRT properties – Assembly Row in Somerville, Mass; Linden Square in Wellesley, Mass. and Fresh Meadows in Queens, NY are hosting the colonies of Italian honeybees, which can travel anywhere between 3-5 miles from their beehives to forage. The bees are vegan, and subsist on a strict diet of nectar and pollen.
Each property has a hospitality partner that will incorporate the hyper-local honey into menus and special offerings.
- Assembly Row: The two bee hives are located in a protected alcove of off the 2nd floor “green” rooftop well at the Row Hotel at Assembly Row
- Linden Square: In Wellesley, the honey will be incorporated into the menus at Door Number 7 and The Cottage
- Fresh Meadows: Partner Blaze Pizza will create a special item with the honey
“The addition of the bees to our properties helps show our connection to the community and our support of our partner The Best Bees Company’s commitment to saving the bee population,” said Matt Ehrie, Vice President of Asset Management for Federal Realty Investment Trust. “We are excited to see how the harvested honey can be incorporated into a variety of products and menus.”
There are a number of environmental benefits to this partnership, including defending against the continuing loss of habitat, and improving pollinator health by using our beehives as a datapoint. By hosting the colonies, and using the honey in local products, FRT is demonstrating the company’s commitment to the environment while offering something new and unique for our shoppers. Otherwise unused rooftop and ancillary spaces are now activated and being put to good use.
FUN BEE FACTS
- Queen Bees can lay up to 2,000 eggs per day
- Stingless honey bees have larger bodies and big complex eyes to help them spot queens in midair
- Our beehives will grow vertically – adding boxes known as supers on top of the brood box to accommodate their needs.
- One individual honey bee is not capable of cooling down the inside of the beehive, but 10,000 honey bees working together can
"We’re thrilled to partner with Federal Realty to service beehives on multiple properties across their portfolio. They realized they had untapped space on their rooftops that could be used to benefit the local environment and creatively engage with shoppers,” says Noah Wilson-Rich, Co-founder, Chief Scientific Officer, The Best Bees Company.
Federal Realty Investment Trust, the only REIT with over 50 years of increased dividends, is the definition of sustainable business: built to last and with a vested interest in the future. Sustainability is not a separate mission, but an embedded component of our long-term vision and core business philosophy. From photovoltaic solar arrays that power our shopping centers to urban rooftop farms that yield over 30,000 lbs. of sustainably grown produce annually, our award-wining, transit-oriented properties feature progressive sustainable measures that reduce our environmental footprint and enhance the quality of life of the communities we serve.
About The Best Bees Company: The Best Bees Company is the #1 beekeeping service in the US, servicing residential and commercial properties across a dozen urban areas and growing. On a mission to save the bees, The Best Bees Company uses a data-driven approach to make an outsized impact on improving pollinator health. Learn more at http://www.bestbees.com/
About Assembly Row: Assembly Row is one of Greater Boston’s hottest new neighborhood destination. Conveniently located along I-93 and with direct access to Downtown Boston via the Orange Line and its dedicated MBTA station, Assembly Row is a dynamic neighborhood that offers first-class working, living, shopping, entertainment, and dining experiences. With Phase I and II now complete, Assembly boasts 830,000 square feet of office space, 1,000 residential units, a 158-key hotel, and 500,000 square feet of retail, restaurant, and entertainment. When fully built across 40 acres along the Mystic River, the Assembly Row neighborhood will feature a total of 635,000 square feet of retail and restaurant space, 2.0 million square feet of office space, and 1,800 residences.
Assembly currently offers more than 30 nationally branded outlets, including names like Polo Ralph Lauren, Nike Factory, Saks Fifth Avenue OFF 5TH, and J. Crew Factory. Entertainment options include the 12-screen AMC Assembly Row 12 and IMAX, the only LEGOLAND Discovery Center in New England and Lucky Strike Social. More than a dozen eateries line the Riverfront Park and streets, including Legal On The Mystic, Earl’s Kitchen + Bar, Tony C’s, Caffe Nero, American Fresh Brewhouse, River Bar and The Smoke Shop. For more information please visit www.AssemblyRow.com.
About Federal Realty: 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 densely populated, affluent 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 104 properties include approximately 3,000 tenants, in 24 million square feet, and over 2,600 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 51 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.
