varider

https://www.wavy.com/news/local-news/suffolk/suffolk-city-council-approves-rezoning-request-paving-way-for-port-460-project/ Good news out of Suffolk. I read that this project is supposed to be the third largest warehouse complex in the country. We need anything we can get around here.

So I just saw a clip of City Manager Filer telling WAVY that he expects regional tax dollars for the arena from Chesapeake and VB, then WAVY asked the other city managers/mayors if and why they'd support an arena at Military Circle and all they had to say was that there has been little to no discussion about an arena. Pretty embarrassing really, it made Chip look sorta clueless and dishonest. WAVY said it would take a vote from each city council to support the arena. Chip said in about 4-6 weeks we will have a "clearer picture of where we are with this." My faith that VB and Chesapeake join in on an arena at Military Circle is little to none. Just like the surf park, the casino, light rail, and pretty much everything else I've ever gotten my hopes up for in this region, I just don't see us pulling it off.

Between the surf park News and now WAVY article about the arena uncertainty with competition from Richmond, I don’t have much hope for any of our big projects at the moment. All we seem to be good for is warehouses and apartments these days

https://www.pilotonline.com/government/local/vp-nw-surf-park-financing-0921-20220921-t4vssxuosnebbdlvdn7wwcqpwm-story.html “The developer of the mixed-use Atlantic Park project set to break ground this fall on the former dome site hasn’t been able to obtain traditional financing for its proposed surf park and is concerned it may threaten the success of the rest of the project, according to a Virginia Beach Development Authority document.”

Agreed

They’re taking over the whole building at 80k sq ft. Pretty awesome. It would be cooler if it were atop the new block 2 tower or somewhere visible in our CBD like Gateway tower. Either way, It’s dope, and I hope they run out of space there in the next 5 years and expand even further. Next announcement hopefully is 500 more jobs.

Y’all keep sleeping on Chesapeake ha, thx for the update

Huge announcement IMO

Pembroke Square office tower ftw

https://www.virginiabusiness.com/article/a-new-look-at-va-beachs-atlantic-park/ We might finally finally be onto something here.

I think NFK is doing better than ever.

Finally starting to rise above the concrete

LRT ain’t dead yet..

First Tides sellout since 2018 this past Saturday

I wouldn’t be shocked if the one story strip was built, but I would be hugely disappointed. Either way, empty surface lots at the Oceanfront are an eyesore and I wish they’d at least put a fence around the property and say “future development coming soon” so it at least appears we are making progress around here. With all new apartments on Laskin and even more proposed, I always imagined this would be the “game-changer’ parcel for the Resort. It should be large-scale mixed use with apartments/ short term rental/ hotel/ retail, maybe with a food hall concept or something. By the way, whats up with Atlantic park?? It’s already June now.

https://www.wavy.com/news/local-news/virginia-beach/new-14-story-hotel-coming-as-pembroke-mall-redevelopment-revs-up/?fbclid=IwAR0L25lFDdjfZkuc7W3LAneY2hYsMulMjw5_f1PEgZJe3uPgc1WF0fLxXck&fs=e&s=cl The redevelopment of the Pembroke Mall site in Virginia Beach will include a 14-story new hotel concept from Hilton that features a rooftop tapas-style restaurant and lounge. The Tempo/Homewood Suites dual-branded hotel is scheduled to open in the spring of 2025 at the former SunTrust Bank location on Virginia Beach Boulevard. Hilton is set to break ground this winter and says Virginia Beach’s “Tempo” will be the first to open in the world. The Tempo part has “wellness rooms” with Peloton bikes in the room and a larger fitness center with higher end equipment.

https://www.virginiabusiness.com/article/breeden-breaks-ground-on-newport-news-apartments/ The Breeden Co. is breaking ground on a $33 million apartment project in the Huntington Pointe area of Newport News, the Virginia Beach-based real estate firm announced Thursday. Avant, located off Denbigh Boulevard, will have 176 one-, two- and three-bedroom apartments between 672 and 1,517 square feet each.

https://www.virginiabusiness.com/article/castle-pembroke-partner-on-va-beach-apartments/ “The complex will be on top of the existing Stein Mart building, with about 35,000 square feet of ground-level retail, a four-story parking garage with nearly 600 parking spaces and 322 one-, two- and three-bedroom apartments. The apartments will be 550 to 1,800 square feet with amenities such as a saltwater infinity pool, 2,500-square-foot fitness center, yoga studio, 7,000-square-foot clubroom and entertainment center, rooftop terrace with a dining room and coworking space on each floor. Construction will start in March 2023, and the complex is set to open in spring 2025.” I’ll personally be thrilled to see a 12 story mixed use apartment tower rise in VB. I guess this will be comparable in scale to the Cosmopolitan.

https://www.virginiabusiness.com/article/255-apartment-complex-coming-to-suffolk/ “The Cathcart Group, a Charlottesville-based real estate developer, is building a 255-unit apartment community in Suffolk planned to open in 2023.”