Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Industries Healthcare Sentara invests $11M in Newport News revitalization

Sentara invests $11M in Newport News revitalization

Health system supporting Marshall-Ridley initiative

Published December 22, 2022 by Katherine Schulte

Marshall-Ridley Choice Neighborhood Initiative phase two rendering. Rendering courtesy city of Newport News

Sentara Healthcare invested $11 million in Newport News’ Marshall-Ridley Choice Neighborhood revitalization initiative, the Norfolk-based health system announced Wednesday.

Sentara is providing $11 million in loan financing support for the project’s second phase, which focuses on the former Ridley Place neighborhood. The project is part of the U.S. Department of Housing and Urban Development’s Choice Neighborhood Initiative, which uses public and private investments to revitalize neighborhoods by replacing distressed public housing.

“Sentara’s support of the Marshall-Ridley Choice Neighborhood Initiative is another step in our ongoing journey to improve community health and wellness, create economic opportunity, and address social determinants of health,” Aubrey Layne, Sentara’s executive vice president of governance and external affairs, said in a statement.

The design plans for this phase include a three-story, 41-unit apartment building on the corner of Jefferson Avenue and 16th Street that will feature retail space on the ground floor. The plans also include 14 two- and three-story buildings with 114 townhomes, a walking and biking trail and an early childhood development center.

The city of Newport News, Newport News Redevelopment and Housing Authority and developer Pennrose are leading the project’s development. Richmond-based Breeden Construction is the contractor, and construction is expected to be complete in late 2024.

“There is a direct correlation between high-quality housing and positive community health outcomes,” Karen Wilds, executive director of the Newport News Redevelopment and Housing Authority, said in a statement. “Sentara’s strategic commitment to the Choice Neighborhood Initiative ensures equitable health outcomes for all residents, regardless of their race and socioeconomic status.”

In 2019, the city of Newport News and the Newport News Redevelopment and Housing Authority received a $30 million grant from HUD’s Choice Neighborhoods Initiative, which the city used to develop its plan for the Marshall-Ridley area. The development partners held a ribbon cutting for the first phase of housing — a mixed-use development with apartments, townhomes and retail space — on Dec. 8.

Goals for the second phase include:

  • providing a variety of housing options;
  • integrating housing types so they are indistinguishable;
  • providing affordable housing equitably;
  • increasing homeownership rates; and
  • fostering community.

An $11 billion not-for-profit health system with 12 hospitals in Virginia and North Carolina, Sentara employs about 30,000 workers, including 1,375 physicians and advanced practice providers. In 2022, Sentara awarded more than $10 million in funding to nearly 170 community and faith-based organizations to address social determinants of health.

  Subscribe to Virginia Business.   Get our daily e-newsletter.  

Related Stories

Sentara Healthcare names new general counsel

Earl Barnes was chief legal officer for Amita Health

Photo of Dennis Matheis

Sentara taps new president and CEO

Dennis Matheis to take over Sept. 1

Virginia Business logo

Sentara Health Plans names new leader

Colin Drozdowski to succeed Dennis Matheis as president

Trending

Norfolk’s MacArthur Center mall listed for sale

Making strides

Danville lacks housing options for workforce

Fort Monroe development moving forward

Manassas company to develop short takeoff, landing aircraft for Air Force

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Norfolk’s MacArthur Center mall listed for sale

Making strides

Danville lacks housing options for workforce

Fort Monroe development moving forward

Manassas company to develop short takeoff, landing aircraft for Air Force

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk

wpDiscuz