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August 2020 – For the Record
EASTERN VIRGINIA The Breeden Co. has plans for a new 240-unit apartment complex at the former Farm Fresh building at the heart of Virginia Beach’s Laskin Road Gateway. The initial development plans for Pinnacle at 31st Street were still being reviewed by the city in early July. The plans feature a two-level parking deck below
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For the Record — July 2020
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EASTERN VIRGINIA Armada Hoffler Properties Inc., the Virginia Beach-based commercial developer and property owner, announced in early April that a $106.5 million deal to sell seven of its grocery-anchored shopping centers had fallen through because of the coronavirus pandemic. However, in early June, the deal was back on, this time for $90 million. The buyer
For the Record — May/June 2020
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EASTERN VIRGINIA Armada Hoffler Properties Inc. announced in April that a deal to sell seven of its grocery-anchored shopping centers, including two in Hampton Roads, had fallen through. The Virginia Beach developer that built Town Center also said it had indefinitely postponed all asset acquisition activity. The company had planned to get $106.5 million from
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For the Record – April 2020
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EASTERN VIRGINIA Amazon.com Inc. will build two operations facilities in Hampton Roads in 2021, creating an expected 1,500 jobs. A multistory robotics fulfillment center in Suffolk will create 1,000 jobs and a 650,000-square-foot processing center in Chesapeake will create 500 jobs. The Virginia Economic Development Partnership worked with the city of Chesapeake, the city of Suffolk,
For the Record – December 2019
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SHENANDOAH VALLEY A Berryville apartment complex serving mostly older people with limited incomes has undergone a nearly $2 million makeover since last year. Washington Square Apartments, a 46-unit complex on East Main Street, opened its doors in late October so the public could view the refurbishments up close. The U.S. Department of Agriculture financed the