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Old Point National Bank hires new CFO
Hampton-based Old Point Financial has named Paul M. Pickett senior vice president and chief financial officer of Old Point National Bank, effective Oct. 24, the bank announced Wednesday. Pickett joins Old Point National Bank from Richlands-based First Sentinel Bank, a subsidiary of First Region Bancshares, where he had also been chief financial officer and senior […]
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 […]
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 […]
Education 2023: LT. GEN. DARRELL K. WILLIAMS (U.S. ARMY, RET.)
When Williams was a freshman at Hampton University in 1979, the school’s president was William R. Harvey — who retired last year after 44 years leading the private historically Black university. That’s a tough act to follow, but Williams, who became HU’s 13th president in July 2022, has an impressive résumé of his own. A […]
Federal Contractors | Technology 2023: CLAYTON TURNER
Turner reaches for the stars every day. A 30-year NASA veteran, he is at the helm of NASA’s celebrated Langley Research Center as scientists work to send astronauts back to the moon by 2025 and prepare for the momentous manned mission to Mars. For the past three decades, Turner has served in various engineering and […]
Hampton Roads warehouses sell for $8.4M
A portfolio of three warehouses in Hampton Roads sold for $8.4 million in mid-May. Tidewater Fleet Supply, an independent distributor of fleet, truck, trailer and heavy equipment parts, leases the properties. Located at 3666 Progress Road, the Norfolk warehouse sold for $6.03 million, according to city property records. The parcel is approximately 4.82 acres. At […]
$130M mixed-use development planned for Hampton
A proposed $130 million development will bring 118 townhomes, 284 luxury apartments, 96 senior apartments and 6,000 square feet of retail space to Hampton. The project, called The Olde Hampton Village, will span 16 parcels across nearly 23 acres near downtown Hampton, at the former site of the Lincoln Park housing development, on LaSalle Avenue, […]
Fort Monroe development moving forward
Apartments, a 250-person event center, a boutique hotel, a 500-seat restaurant, a marina and a firing range will soon dot the landscape at Fort Monroe with the help of historic tax credits, public funds and private investment. Hanover County-based Echelon Resources Inc. was named master developer by the Fort Monroe Authority for four concurrent parcels. […]
VersAbility Resources lands $140M Air Force contract
Hampton-based VersAbility Resources Inc. has received a $140.7 million contract to support mail and postal service center support at Air Force installations across the U.S., the Pentagon announced Friday. The firm-fixed-price, indefinitely delivery contract was a sole source acquisition and work is expected to be complete by Jan. 17, 20s3. Founded in 1953, VersAbility Resources […]
New NASA tunnel could boost Va. space industry
As NASA pushes the reaches of space exploration, a new wind tunnel at the agency’s Hampton-based Langley Research Center will serve an important role in journeys beyond Mars and could also boost Virginia’s space industry. In August, NASA broke ground on its new 25,000-square-foot Flight Dynamics Research Facility (FDRF), which will house the 130-foot-tall vertical […]
Under construction
Hampton Roads Bridge-Tunnel Hampton and Norfolk Construction is underway along 10 miles of the Interstate 64 corridor from Hampton to Norfolk on the $3.9 billion Hampton Roads Bridge-Tunnel expansion project. In June, crews on the South Island began reassembling Mary, the 430-foot, $70 million tunnel boring machine (TBM) that was delivered to the Port of […]
Hampton University names next president
A Hampton University graduate and retired Army lieutenant general will be the next president of Hampton University. Darrell K. Williams will succeed William R. Harvey as Hampton’s next president. Harvey announced his retirement in December 2020. His last day will be June 30. “Running a university is complex, as was made evident by the global […]
