Sign In
Free Newsletter
Prime for development
In the past year, Amazon.com continued its march across the commonwealth, announcing plans to build a 650,000-square-foot fulfillment center and a 219,000-square-foot delivery station in Virginia Beach, which are collectively expected to produce more than 1,000 jobs. About 60% the size of the Pentagon, Virginia’s second largest building belongs to Amazon — a 3.8 million-square-foot [&helli[...]
Bruce Smith teams with Cordish on Petersburg casino plan
Virginia Beach developer and NFL Hall of Famer Bruce Smith is vying for the chance to develop a casino in Petersburg and has joined forces with Cordish Cos., the Baltimore-based entertainment company that has already made inroads in Virginia. There’s just one obstacle facing Smith and other prospective developers, including Bally’s, Penn Entertainment, Rush Street Gaming […]
Pharrell biopic musical to film in Va. this year
Virginia Beach-born-and-bred entertainment superstar Pharrell Williams will film a movie this spring and summer in Virginia based on his childhood, Gov. Glenn Youngkin announced Friday. There had been rumors about the musical film project, called “Atlantis” in movie trade publications recently, but Youngkin confirmed the feature is being made in Central Virginia and Hampton Roads, [&he[...]
Pembroke Square starts phase 2 of mall redevelopment
Pembroke Square will begin the next phase of demolition Monday on the former Pembroke Mall in Virginia Beach, as part of a $200 million mixed-use redevelopment project. The roof and columns of the mall’s structure will be removed at the northeast entrance, north of Kohl’s on the Constitution Drive side of the former mall. A […]
Va. Beach economic developer to lead Va. Beach Vision
Laura Hayes Chalk is leaving Virginia Beach‘s economic development department to become the executive director of Virginia Beach Vision, a business advocacy group in Virginia Beach, Virginia Beach Vision announced Tuesday. Chalk, who will start July 10, succeeds Martha McClees, who announced her retirement in November 2023. Virginia Beach’s deputy director of economic development, Chal[...]
Conservative groups sue to stop Dominion wind farm
A nonprofit conservative watchdog group based in Falls Church filed a lawsuit Monday against Dominion Energy, the U.S. Bureau of Ocean Energy Management, the U.S. Department of the Interior and other government bodies, aiming to stop construction of Dominion’s offshore wind farm expected to begin this spring 27 miles off the Virginia Beach coast. The […]
Former US Treasury Secretary Snow to retire from Armada Hoffler board
Former U.S. Secretary of the Treasury John Snow will retire from real estate firm Armada Hoffler’s board of directors, the Virginia Beach company announced this week. Snow, 84, has served as a director since Armada Hoffler went public in 2013 and served as lead independent director from 2013 to 2019. He was treasury secretary for […]
Eastern Va. Big Deal: Prime location
Doug Smith isn’t surprised Amazon.com has extended its reach in Hampton Roads. The Hampton Roads Alliance president and CEO says Amazon’s expansion in the commonwealth has been a constant since the global e-commerce behemoth announced in 2018 that it would locate its East Coast corporate headquarters, Amazon HQ2, in Arlington County. The latest push includes […]
Eastern Va. Year-in-Review: Striking a balance
Economic development directors often try to balance diversifying their community’s industries while playing to regional strengths. Sean Washington, Norfolk’s economic development director, believes his city found that balance in 2023. Norfolk has found growth around alternative energy, with Lambert’s Point being developed into a launching point for an offshore wind energy hub at [...]
Dominion to sell 50% interest in Va. Beach offshore wind farm for $3B
Dominion Energy announced Thursday it has reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the Coastal Virginia Offshore Wind commercial project off the Virginia Beach coast for nearly $3 billion. If the sale is approved by the Virginia State Corporation Commission and the North Carolina Utilities Commission, as well […]
Armada Hoffler to name Shawn Tibbetts as next CEO
Virginia Beach real estate investment trust Armada Hoffler expects to name Chief Operating Officer Shawn Tibbetts as its CEO next spring, when current CEO Louis Haddad plans to retire. Tibbetts has been promoted to president and will remain COO, Armada Hoffler announced Thursday. Tibbetts has been COO since he joined the company in 2019 after […]
Va. Beach apartment complex sells for $36M
Dove Landing, a 318-unit apartment complex in Virginia Beach, has changed hands, Berkadia announced Jan. 31. Chesapeake-based Community Investment Group bought the property for $36 million from Enterprise Community Development, a nonprofit affordable housing provider in the mid-Atlantic, according to a news release from Berkadia. Dove Landing, at 5301 Justin Court, was built in 1982, renovated [&[...]
