Redo of Norfolk’s Waterside draws proposals
- January 23, 2012
The Norfolk City Council will begin reviewing proposals Tuesday to redevelop Waterside, the city’s aging waterfront property. According to the Virginian-Pilot, five proposals have been submitted. One from The Cordish Cos. of Baltimore calls for a $30 million renovation that would transform the 29-year-old building into an open-air, retail center similar to Short Pump Town Center in Richmond. The company reportedly wants to bring in 12 national chain restaurants, including 11 not currently in the Hampton Roads market. Cordish is the company that built the Power Plant in Hampton Roads, a suburban development that includes restaurants, a Bass Pro shop and retail shops. Other plans call for the original festival marketplace, now more than half empty, to be turned into a “beach music” entertainment venue or a waterfront conference center with two hotels and an office tower.