I saw the plans from 2010, but nothing really showed any urban development in that area. The improvements looked good and much needed though. The lot on the corner on Norfolk's side screams for a little more space, and tower. Maybe a mixed use office/residential/retail if they could get rid of that one office building next to it. Or if they get really lucky multi towers with a hotel/conference center deal.
If I am correct the lot you are referring to is going to eventually have a two story Chartway Federal Credit Union. The new 2 story development will be at the intersection of Newtown and Princess Anne on the Norfolk side. There is a sign with a rendering and it looks pretty nice. It looks like the tower next to where Chartway will be, has a new name.