Armada Hoffler to develop next phase of Town Center
Armada Hoffler announced Wednesday that it will start building Phase VI of Town Center of Virginia Beach.
The mixed-use project will include 33,000 square feet of street-level retail space, 5,000 square feet of restaurant space and approximately 120 luxury apartment homes.
Zeiders American Dream Theater will invest about $8 million in a 17,000-square-foot performing arts theater, and the city of Virginia Beach will invest $3 million in public infrastructure, including an open-air public plaza and a pedestrian bridge connecting to the adjacent parking garage.
“Later this year, the company expects to announce two exciting national retailers that have already committed to more than 18,000 square feet of space at the base of the future residential tower,” Louis Haddad, Armada Hoffler’s CEO said in a statement.
Town Center is a 25-acre, 17-block mixed use development in Virginia Beach’s Central Business District.