In this Issue
A Greater Need for Workforce Housing...1
Understanding the New Leisure Traveler...1
President’s Message...2
What’s Happening in Greenfield...3
The Evolving Relationship Between Retailers and Landlords...4
Tax Implications of Fully Remote Work on Employers...6
President's Message
As we approach the end of summer and the beginning of fall, it is hard to remain optimistic in the face of all the uncertainty and challenges we see on the news every day. The war in Ukraine drags on with no apparent end in sight, inflation remains persistently high, the Fed continues to raise short-term interest rates in an effort to engineer the allusive “soft landing,” and we are heading into a Presidential election, with the country more divided than ever. In spite of all this uncertainty, Iremain positive about the future of our industry and our country. Despite rising construction costs and interestrates, we continue to find creative ways to advance development projects and position ourselves for steady growth. Increasing our partnership with the Commonwealth through the use of various economic developmentprograms, we have advanced several projects to meet the increasing demand for housing, industrial space, and infrastructure improvements, with examples such as the Walnut Street Extension and Greenfield North projects highlighted in this newsletter. As we look to the future, it is clear the industry will play a pivotal role in driving economic growth. With continued investments and strategic partnerships, we can expect to see even more positive developments in the sector, paving the way for a brighter and more prosperous future.