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Return to Virginia Business - April 2003

Commercial real estate

Concerts not swimming pools at Port Warwick

by Paula C. Squires
Virginia Business
March 2003

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Port Warwick
$150 million mixed used urban village
Tower Park Corp.
Newport News

Just a short walk from the corner of F. Scott Fitzgerald Square and Walt Whitman Ave. is a cozy town square, lined by sycamore trees. The tranquil expanse of green lawn anchors a new development in Newport News, where streets are named after literary giants and public art-huge bronze sculptures-can be glimpsed from traffic circles.
Welcome to Port Warwick, Bobby Freeman's interpretation of a "smart growth" urban village. Freeman, a lawyer turned real estate developer, is creating a neighborhood of mixed uses where people can live, work and play. Forget tennis courts and swimming pools, typical suburban perks. "This amenities package is that you can walk to dinner, see sculpture along the way, or go to a concert on town square," says Freeman.

The $150 million development relies on high densities and multiple uses to make the most of what was an abandoned industrial site. Freeman bought the 150- acre tract from Eveready Battery Co. in 1999 for $7.2 million. While its location off busy Jefferson Avenue dictated a mixed use, Freeman wanted to build something his hometown could be proud of.

Unlike many older cities, Newport News can't boast of old, traditional inner-city neighborhoods such as Richmond's Fan District or Norfolk's Ghent. Researching his project, Freeman visited these areas and 60 public squares in Europe to ensure that Port Warwick would have the feeling of a pre-World War II village, where pedestrians, rather than cars, were commonplace. "We can't change all the buildings in Newport News," says Freeman, referring to the city's history as an industrial, blue -collar, shipbuilding town. "But we can locate something beautiful and timeless here."

Still, Freeman needed a twist, something historical that would make his project distinctive. A writer for an advertising agency suggested naming it Port Warwick; a fictional town based on Newport News that native William Styron wrote about in his first novel, "Lie Down in Darkness" in 1951. Styron went on to win a Pulitzer for "The Confessions of Nat Turner." He grew up in Hilton Village, the only child of a shipyard engineer, and attended public schools. Yet his hometown had never honored him. Indeed, some of the city's old guard disliked his first novel, because of its negative portrayal of the city's upper crust.

Nevertheless Freeman had found his peg. He traveled to Roxbury, Conn., and personally visited with Styron. . Now in his 70s, Stryon was flattered by Freeman's idea and volunteered to name the project's streets after some of America's literary greats. He visited Newport News last fall when Freeman dedicated the main public square in his honor.

An association with a living author and Freeman's passion for public art give Port Warwick a unique identity. They also distinguish it from Oyster Point Town Center, a mixed-used project going up a few blocks away with the help of city funds. Port Warwick is privately funded by two local regional banks and is more residential in nature than Oyster Point, which will have some apartments, but concentrate more on commercial tenants. Assistant City Manager Neil Morgan says the projects, which will both host public events, complement one another. "We're excited to have them."

Port Warwick is moving along faster than Freeman expected, helped along by low mortgage-interest rates. Thirty of 100 single-family homes--with starting prices of $255,00 — are already up. Another 40 have been sold and are awaiting construction. Already complete is The Arbors, a 98-unit independent living center, geared for retirees. Also well along is construction on live-work buildings, which mix luxury apartments above shops and restaurants on the ground floor.
Next month, the first of three restaurants opens. June brings the opening of about 15 small, local retail establishments, including a specialty cleaners and expresso bar. When totally built out in two years, about 1,500 people are expected to live in Port Warwick; another 1,000 will work there.

Unlike law, where the rewards are frequently abstract, Freeman says seeing Port Warwick go up has been a tangible thrill. The judges liked it, because it transformed an industrial sight, required no public funds and is expected to generate $2.4 million annually in tax revenues while only costing the city $400,000 in public services.

Return to Virginia Business - April 2003


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