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JLL: NoVa is still nation’s top data center market
Northern Virginia remains the country’s largest data center market, according to a report released Monday by real estate company JLL. The 581 megawatts of capacity leased by energized — or built-out — data centers in Northern Virginia for 2023 represented a new record, according to the JLL report. Data centers leased 184 MW in capacity […]
$550 million development planned for Pittsylvania’s Axton area
Plans for a $550 million mixed-use development in Pittsylvania County’s Axton area include a five-story, 150-room hotel and a 180,000-square-foot shopping center anchored by a grocery store, but it’s the project’s housing component that most interests the county’s economic development director, Matthew Rowe. “First and foremost,” he says, “it is addressing a major nee[...]
Developers put Fort Monroe marina redevelopment on indefinite hold
The redevelopment of Old Point Comfort Marina at Fort Monroe has been put on hold due to rising costs, with no timeline specified for when it could occur. Instead of negotiating a long-term development agreement, the Fort Monroe Authority (FMA) and Smithfield-based hospitality management company Pack Brothers Hospitality (PBH) are now discussing a revised management […]
Va. Tech Innovation Campus building opening delayed
The opening of the first academic building on Virginia Tech’s Innovation Campus has been delayed to spring 2025, the university announced Thursday. Virginia Tech started construction on the first academic building of the $1 billion campus in Alexandria in September 2021 and had planned to open the $302 million building this August. The delay on […]
Nation’s first Goodwill-owned supermarket to open in NW Roanoke
Roanoke-based Goodwill Industries of the Valleys broke ground Nov. 14 on Melrose Plaza, a community hub that will be anchored by the nation’s first full-scale, full-service grocery store owned and operated by a Goodwill organization. Slated to open in December 2024 in a Northwest Roanoke food desert, the 25,000-square-foot Market on Melrose is expected to […]
100 People to Meet in 2024: Builders
These Virginians are building the future in bricks and mortar with major development projects in communities across the commonwealth. Duke Dodson CEO, Dodson Cos./Dodson Development Group Richmond A Richmond native, Duke Dodson grew up vacationing in Colonial Beach. “It was a mini-Atlantic City then, but legal changes forced casinos out of business,” says the developer. […]
Hampton industrial site sells for $2.3M
A vacant industrial site on 2.8 acres in Hampton has been sold for $2.3 million, Cushman & Wakefield | Thalhimer said. Moir Park Industrial III LLC purchased the site, which includes warehouses, from Armistead & Riprap for development. The property is located at 402 Rip Rap Road off Interstate 64. Robert L. Phillips Jr., of […]
Real Estate 2023: DAN NOVACK
Novack was named president of the Dallas-based contracting and construction management company’s mid-Atlantic operation in January, but his career with Balfour started more than two decades ago. As mid-Atlantic president, he provides strategic oversight for Balfour Beatty’s construction projects in Washington, D.C., Maryland, Virginia and Pennsylvania, and works with teams to sustain m[...]
Real Estate 2023: BRETT HITT
Hitt’s grandparents started the family business in 1930, now one of Virginia’s biggest general contracting firms, earning $5.41 billion in 2022 construction revenue and landing in the top 20 of Engineering News-Record’s 2023 Top Contractors list. Hitt joined his family’s company as an assistant project manager in 1984. He rose through the ranks to become […]
Real Estate 2023: EUGENE J. BREDOW
In March 2022, Bredow was appointed president and CEO of NVR after Paul C. Saville transitioned to executive chairman. Bredow has worked for NVR since 2004 and became president of NVR Mortgage in April 2019 after holding several executive positions in accounting and administration. Founded in 1980, NVR is one of the nation’s largest homebuilding […]
Real Estate 2023: KIM ROY
From a young age, Roy has been interested in being a builder, and in 2017, she was appointed the first non-family member to lead the 86-year-old company that employs more than 900 workers in the commonwealth. A Virginia Tech alumna with a bachelor’s degree in construction, Roy went to work at Hitt in 1999 as […]
Real Estate 2023: JON JENNINGS
The third generation to lead the general contracting firm started as a masonry firm in 1952 by his grandfather, bricklayer Lawrence Floyd Jennings, Jon Jennings oversees about 350 employees and a large portfolio of projects in the Richmond and Washington, D.C., regions. Larry Jennings, L.F.’s son and Jon’s father, joined the company in 1965 and […]
