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Big deals
These economic development announcements were some of the largest in Virginia for 2023 and the first half of 2024: CENTRAL VIRGINIA Chesterfield County: In April, the offices of U.S. Sens. Tim Kaine and Mark Warner and U.S. Rep. Jennifer McClellan announced that Danish electrolyzer manufacturer Topsoe plans to build a $400 million manufacturing facility with […]
Clear waters
After receiving its final federal approvals in January, Dominion Energy’s $9.8 billion Coastal Virginia Offshore Wind project remains on track for completion in late 2026, at which point the 2.6-gigawatt project could power up to 660,000 homes. “CVOW is on budget, on time, and we’re gearing up for construction and excited about getting it to […]
Executive Insights: Cargo convo
Leaders from Virginia’s maritime sector share their views on offshore wind, supply-chain challenges, workforce recruitment and other factors impacting the industry. JEREMY BRIDGES President and chief negotiator, Hampton Roads Shipping Association Norfolk VB: You were vice president of labor relations for CMA CGM. What labor issues do you see arising in the next few years, […]
Newport News Shipbuilding expands to Norfolk
With the largest workload it’s had in four decades, Newport News Shipbuilding has had to get creative about how to use the limited footprint at its shipyard in Newport News. So when an opportunity to set up a second campus not far away — on the other side of the Hampton Roads Bridge-Tunnel, in Norfolk […]
Under construction
Atlantic Park Virginia Beach Proposed in 2017 by music icon Pharrell Williams and Venture Realty Group, Atlantic Park finally got underway in March with a groundbreaking on the first phase of the $350 million surf park project. Phase one will involve 10.95 acres, including 309 multifamily units, 10,000 square feet of office space, a 70,000-square-foot […]
Transportation 2023: JERROLD ‘JERRY’ MILLER
A veteran in the region’s ship repair industry, Miller is spearheading the $100 million development of Fairwinds Landing, a maritime operations and logistics hub supporting Hampton Roads’ offshore wind, defense and transportation industries. The 111-acre project at Norfolk Southern Corp.’s Lambert’s Points Docks in Norfolk across from Portsmouth Marine Terminal is a joint v[...]
August 2023 Top Five stories
The top five most-read daily news stories on VirginiaBusiness.com from June 15 to July 14 were led by CNBC’s announcement that Virginia placed second this year in the cable business news network’s annual Top States for Business rankings. 1 | Virginia rises to No. 2 in CNBC’s Top States for Business Rated America’s best […]
Fairwinds Landing project breaks ground in Norfolk
Developers broke ground Thursday morning on the Fairwinds Landing maritime operations and logistics center supporting Hampton Roads’ offshore wind, defense and transportation industries. The development project at Norfolk Southern Corp.’s Lambert’s Points Docks in Norfolk is being spearheaded by Fairwinds Landing LLC, a partnership between The Miller Group, Balicore Constructio[...]
Building a hub
Fairwinds Landing LLC is demolishing dilapidated infrastructure, preparing to construct new facilities and signing tenants as it transforms Norfolk Southern Corp.’s Lambert’s Point Docks in Norfolk into Fairwinds Landing, a maritime operations and logistics center supporting Hampton Roads’ offshore wind, defense and transportation industries. A Virginia Beach-based partnership be[...]
Vantage point
Norfolk leaders have high hopes for redevelopment projects that will reposition older properties — from an aging mall to an underused marine terminal — to better match modern market demands. “We are always asking, ‘What can we do that allows for some sort of creative transformation to actually happen?’” says Sean Washington, the city’s acting […]
Lease signed for Fairwinds Landing in Norfolk
The ball has started rolling on the $100 million project turning the Lambert’s Point Docks property in Norfolk into Fairwinds Landing, a maritime operations and logistics center to support the local offshore wind, defense and transportation industries. The Miller Group signed a lease for the 122-acre site owned by Norfolk Southern Corp. It has 20 miles of […]
