JBG Smith has started construction on a $40 million renovation project for an 11-floor commercial building in Arlington County, the Bethesda, Maryland-based developer announced Tuesday.
The company plans to make the 444,916-square-foot building, built in 1985, at 2011 Crystal Drive into an office building and “amenity hub.” The project will include a new 300-person capacity conference and meeting facility and food and beverage options, like a grab and go market and a cocktail bar. Additionally, the building’s lower levels will receive exterior façade improvements, a new ground floor and entry lobby and communal outdoor spaces.
The property is located in Arlington’s National Landing neighborhood, where Amazon.com is opening its East Coast headquarters, HQ2, which JBG Smith is the primary developer of. Approximately 75% of JBG Smith’s holdings are in the National Landing submarket, according to a news release.
“At 2011 Crystal Drive, we are addressing and exceeding the needs of today’s companies that are seeking a top-of-the-line office environment to support return-to-office,” Brian Cotter, executive vice president of leasing at JBG Smith, said in a statement. “We anticipate that this building will become a central hub for National Landing’s business community, combining modern amenities with unparalleled connectivity to the neighborhood, region and beyond.”
Construction began this year and is expected to be completed in 2026. JBG Smith hired New York-based architecture and design agency A+I for the building’s design.
The U.S. economy has yet to feel the effects of current interest rates, but it eventually will, Federal Reserve Bank of Richmond President and CEO Tom Barkin predicted Thursday during an event held by the Risk Management Association’s Richmond chapter in the city’s East End.
“I’m optimistic that we’ve gotten rates at a restrictive level today, and that’ll take the edge off demand over time and bring inflation back to target,” said Barkin, who is a 2024 member of the Fed’s policy-making Federal Open Market Committee.
For now, although the economy is moving back to a better balance, Barkin said, the “data rollercoaster” from late 2023 to the most recent numbers shows that inflation isn’t yet stable. The Fed’s target inflation rate is 2%, measuring by the annual change in the Personal Consumption Expenditures price index, which is a U.S. Commerce Department measure of consumer spending on goods and services among households.
The economy finished 2023 relatively healthy, data showed.
“For the final seven months of the year, core PCE inflation on an annualized basis came in just under our 2% target,” Barkin said at the event, held at Triple Crossing Beer’s Fulton neighborhood location. Core PCE excludes food and energy costs. In December 2023, the core PCE was up 2.9% on a yearly basis. Headline inflation, which includes food and energy costs, stood at 2.6% annually.
In the fourth quarter of 2023, the country’s economic growth, as measured by changes in its gross domestic product, was 3.4%. The average unemployment rate for the year was 3.6%.
In early 2024, though, the data pivoted. For the first quarter of 2024, the PCE rose at a 3.4% annualized pace, and the core PCE prices rose at a 3.7% rate.
GDP increased at a 1.6% annualized rate in the first quarter, the U.S. Department of Commerce said in its “advance” estimate on April 25, although in its second estimate released May 30, the department revised the growth rate to 1.3%. The labor market remained strong, though, and the unemployment rate remained below 4%.
“We’ve been at or below 4% unemployment every month for the last 30 months. That’s the first time that’s happened since the late ’60s,” Barkin said.
In another data pivot, the May price index report showed some progress on inflation. The year-over-year increase in the Consumer Price Index — a Labor Department measure of the average change over time in prices that urban consumers paid for a basket of goods and services — at the end of April was 3.4%, but at the end of May, the index rose only 3.3%. The CPI did not show a monthly increase from April to May. The core CPI over the last 12 months rose 3.4%.
In terms of interest rates’ effects, “enough people and enough businesses either paid down their debt or refinanced their debt, that the aggregate interest burden has not actually gotten back to the levels you would expect, given the rapid increase in interest rates. And that suggests to me that the full impact of higher rates is still to come,” Barkin said.
People and companies were able to pay down or refinance debt because of low rates in 2021 and stimulus money, both for consumers and in Paycheck Protection Program loans, Barkin told reporters. The aggregate interest burden will change as people buy houses at higher rates.
Barkin said he does have some concerns about consumer demand supporting price increases: “On inflation, I do hear price-setters increasingly convinced that the era of significant pricing power is behind them, but I do think that the experience of the last couple years has just given people more urge to use price as a lever. … [Businesses] are simply more confident using pricing as a lever, and I anticipate that will be the case until customers or competitors send a strong message that they have no chance.”
In its June 12 meeting, the Fed’s Federal Open Market Committee voted to hold its benchmark interest rate at 5.25% to 5.5% and signaled it expected to make only one cut this year. The FOMC next meets July 30-31.
“My personal view is about, let’s get more conviction before moving — whether that move be a ‘one-time and we’ll see’ cut or multiple cuts — I feel the need for clarity [on inflation] before any of those situations,” Barkin told reporters.
Michael Steib will succeed Tegna President and CEO David Lougee, who is retiring Aug. 12, Tysons-based broadcasting giant Tegna announced Monday.
The 48-year-old Steib will also succeed Lougee as a member of the company’s board of directors. Lougee, age 65, will become a senior adviser. Lougee has been president and CEO and a director of Tegna, the nation’s largest owner of NBC-affiliate TV stations, since 2017.
Steib is currently CEO of Artsy, an online marketplace for art. He previously served as president and CEO of XO Group, which is now The Knot Worldwide. Before that, from 2011 to 2013, Steib was CEO for vente-privée USA, which was the U.S. arm of the French flash sale ecommerce company Veepee before Veepee shut it down in 2014.
Steib previously held executive positions at Google, including managing director of emerging platforms, and was at NBC Universal before that.
“I believe deeply in the power of local news to connect our communities and strengthen our democracy,” Steib said in a statement. “With strong operations in more than 50 key markets across America, a history of exceptional journalism, strong cash flow and a talented and passionate team, Tegna is incredibly well positioned to seize this moment and build a bright future for local news and community in our country,”
He has a bachelor’s degree in economics and international relations from the University of Pennsylvania. Steib authored “The Career Manifesto: Discover Your Calling and Create an Extraordinary Life,” published in 2018. He also hosted a podcast, “Office Hours with Mike Steib,” in which he interviewed CEOs.
Lougee said in a statement: “I am confident that Mike is the right CEO to take Tegna into the future at a time of profound change in our industry, and I look forward to helping him in any way I can. I am very proud of all we have accomplished over the last seven years and have been fortunate to work with a terrific board, superb management team and dedicated employees.”
Lougee
Lougee became president and CEO of Tegna and joined its board in June 2017. Prior to that, he served as president of Tegna Media for 10 years. From 2005 to 2007, Lougee was executive vice president of media operations for Belo.
“Dave has had a great run at Tegna,” Howard Elias, chairman of Tegna’s board, said in a statement. “The board and I deeply appreciate all he has done to build the company into an industry leader with a strong financial position and a commitment to the communities in which we operate, but we understand his desire to retire as CEO at this juncture.”
Under Lougee’s more recent tenure, in May 2023, New York-based hedge fund Standard General’s $5.4 billion bid to acquire Tegna was terminated, after the acquisition’s deadline expired. At the time the deal was announced in February 2022, Standard General was planning to acquire Tegna through affiliate Standard Media.
Earlier this year, Tegna expanded its contract with Comscore, reaching a multiyear deal for the Reston-based media metrics and audience measurement services provider to cover all of Tegna’s markets nationwide, up from the 22 markets it had previously covered for Tegna. Financial terms of the agreement were not disclosed.
Tegna has also appointed two new directors to its board. Catherine Dunleavy, the former president of Away, and Denmark West, who heads market intelligence and strategic engagements at X, The Moonshot Factory, which is a division of Alphabet, will join the board on July 1.
Formed in 2015 when Gannett Co. spun off its broadcasting and digital business, Tegna owns 64 television stations in 51 U.S. markets and multicast networks True Crime Network and Quest.
May gaming revenues for Virginia’s three casinos totaled $62.7 million, according to Virginia Lottery data released June 14.
Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.46 million in adjusted gaming revenues (wagers minus winnings), of which about $12.4 million came from its 891 slots, and the remaining roughly $3 million came from its 29 table games. The Bristol casino’s temporary facility opened in July 2022, making it the first operating casino in Virginia. The Virginia Lottery Board approved HR Bristol’s casino license in April 2022. The permanent Hard Rock Bristol casino’s opening has been pushed back from July to sometime in late fall. The permanent resort casino is expected to have a 303-room hotel, more than 1,500 slots, 75 table games, new dining venues and a 2,000-seat indoor entertainment venue.
After the lottery board approved its license in November 2022, Rivers Casino Portsmouth opened as Virginia’s first permanent casino in January 2023. In May, it generated almost $18.6 million from its 1,411 slots and close to $8.4 million from its 83 table games, for a total AGR of nearly $27 million.
The temporary Caesars Virginia casino in Danville, which received its casino license in April 2023 and opened in May 2023, reported about $14.7 million in AGR from its 824 slots and $5.57 million from its 36 table games, totaling about $20.28 million last month. Its permanent location, which will cost about $750 million, is slated to open late this year and will include a 320-room hotel and a roughly 90,000-square-foot casino floor.
May’s casino gaming revenues were a roughly 4% increase from the $60.1 million reported in April.
Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue. For the month of May, taxes from casino AGRs totaled $11.29 million.
The host cities of Portsmouth and Danville received 6% of their respective casinos’ AGRs: about $1.6 million and $1.2 million, respectively. For the Bristol casino, 6% of its adjusted gaming revenue — about $927,700 last month — goes to the Regional Improvement Commission, which the General Assembly established to distribute Bristol casino tax funds throughout Southwest Virginia.
The Problem Gambling Treatment and Support Fund receives 0.8% of total taxes — about $90,350 last month. The Family and Children’s Trust Fund, which funds family violence prevention and treatment programs, receives 0.2% of the monthly total, which was approximately $22,588 in May.
The other casino approved in Virginia, the $500 million HeadWaters Resort & Casino in Norfolk, remains in a holding pattern. In January, the developers — a partnership between the King William County-based Pamunkey Indian Tribe and Tennessee investor Jon Yarbrough — asked the Norfolk Architectural Review Board for an indefinite delay of the board’s review of its new plans, while the development team makes design changes requested by the city.
The casino must obtain its license from the lottery board by November 2025, or the referendum approved by Norfolk voters in 2020 becomes null and void under state law.
In Central Virginia, Petersburg is expected to hold a casino referendum in November, asking voters to approve a proposal from The Cordish Cos. that Petersburg City Council voted to endorse in April, canceling a competitive bidding process.
A 400-unit apartment community in Norfolk sold for $84 million, according to a late May news release from Croatan Investments.
Originally built in 1991, the garden-style apartment community, Park Crescent, had 454,735 rentable square feet at the time of sale, according to Croatan.
FPA Multifamily purchased the property from a joint venture of Croatan and JSB Capital Group. The joint venture has invested in three properties, and the Park Crescent sale is their second sale.
The partnership bought the property in January 2019, and paid $57.2 million for it, according to Norfolk property records. The team renovated 139 units; made repairs to the roof, elevators and pool area; and added an arcade center and a dog park.
Founded in 2004, Virginia Beach-based Croatan Investments is a private equity real estate manager that focuses on rental housing investments. The firm’s portfolio is made up of multifamily assets across the mid-Atlantic and Sun Belt regions.
Richmond-based boutique hotel advisory and management firm Retro Hospitality has added three Virginia hotels to its portfolio, the firm announced Wednesday.
The company now operates The Bee and The Holbrook Hotel in Danville and The Lofts at Downtown Salem in Salem. Other hotels in its portfolio include the Blackburn Inn and Conference Center in Staunton, Hotel Fauna in Bedford and the Quirk Hotels in Richmond and Charlottesville.
“We are thrilled to welcome The Bee, The Holbrook and The Lofts at Downtown Salem to the Retro Hospitality family and our growing collection of Virginia boutique hotels,” Retro Hospitality CEO Paul Cooper said in a statement. “We are so incredibly excited at this opportunity to work very closely with Ed Walker and Ina Dixon, the visionaries behind these beautiful hotels … and with the wonderfully supportive communities of Danville and Salem, Virginia, to deliver an exceptional hotel team member and guest experience.”
The Bee is in the original, two-building headquarters for the Danville Register and the Danville Bee. The buildings were constructed in 1899 and expanded in 1921, and the hotel opened in 2020.
The Holbrook occupies the former “Doctors Building,” built in 1957, on the National Register of Historic Places and the Virginia Landmarks Register. It opened as The Holbrook in 2023.
The Lofts at Downtown Salem are in a repurposed automotive building that was constructed in 1924.
Founded in 2011, Retro Hospitality specializes in independent, historic boutique hotels and “creative food and beverage concepts.”
Hampton Roads home sales in May remained steady year-over-year, but inventory climbed, breaching 4,000 homes for sale, according to Real Estate Information Network (REIN) data released Monday.
Last month, 2,498 homes sold in Hampton Roads, up from 2,189 in April and equal to homes sold in May 2023. Pending sales totaled 2,546, down from 2,569 in April and from 2,856 in May 2023.
The region had 4,264 active listings in May, the first time the number of homes listed in REIN’s service has topped 4,000 since October 2022. Active listings in April totaled 3,837 and stood at 3,217 in May 2023 — making May’s number of active listings a year-over-year increase of 32.5%.
The month’s supply of inventory (MSI) — a measure of how many months of inventory would remain if no new homes were added to the market — was 2.07, up from 1.87 in April and up from 1.37 a year ago.
The median sales price in the region was $352,392, a record for a single month, according to REIN. It was up 3.6% from the MSP of $340,000 recorded in April and up 5% from the $335,000 recorded in May 2023, when homes sold also totaled 2,498.
“Obviously, when prices grow at this rate, it becomes challenging for many potential buyers, whose income isn’t keeping pace with the other increases they’re facing,” Gary Lundholm with The Real Estate Group, president of REIN’s board of directors, said in a statement. “Ensuring there is enough available, and enough affordable housing for everyone, is a concern for us all.”
Homes spent a median of 15 days on market last month, up one day from the April median of 14 days and up from the 11-day median reported in May 2023.
Founded in 1969, REIN is a regional multiple listing service that covers an area stretching from Williamsburg east to Virginia Beach and south across the North Carolina border.
The Hard Rock Hotel & Casino Bristol’s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open its approximately $515 million permanent casino resort in late fall.
The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The United Co. Chairman Jim McGlothlin — said in a news release Wednesday that it expects the project’s completion in late fall.
“I think sometimes people forget [Hard Rock is] not just a casino company,” Allie Evangelista, president of the Hard Rock Hotel & Casino Bristol, said Friday. “And that’s why we’re not so focused on rushing into opening a casino floor, because we really want people to see us for who we are as an entertainment and hospitality business.”
The temporary Bristol Casino: Future Home of Hard Rock opened July 8, 2022, making it Virginia’s first operating casino. The temporary 30,000-square-foot casino in the former Bristol Mall has about 900 slots, 29 table games and a sportsbook. It also has a restaurant, Mr. Lucky’s, as well as a sports bar and lounge, and a grab-and-go food outlet.
In its first year of operation, the temporary casino made $157 million in net gaming revenues. The casino hosted visitors from across the nation during its first six months of operation, Evangelista told Virginia Business earlier this year.
The permanent resort casino is expected to have a 303-room hotel, more than 1,500 slots, 75 table games, new dining venues and a 2,000-seat indoor entertainment venue.
“As a business, for us, this is a lot more exciting because we were opening a casino floor rather than opening the full Hard Rock experience,” said Evangelista, “and being able to open everything at once … allows us to really have a great first impression.”
It also means that the resort will not be a construction site, she added, so guests won’t experience disruptive construction noise — particularly important for hotel guests’ stays — and interruptions in operations like power outages.
“There’ll be probably like a few weeks between the time that we are fully operating in the permanent [casino] that we’ll be doing some work to install some of the games that we have currently operating on the new floor and things like that, but there won’t be any downtime or any impact to the guests,” Evangelista said.
Now that the full casino resort will open all at once, rather than in phases, “we believe the construction is redoing their timeline, because you don’t have to [put up] temporary wall things, [and] you don’t have to go around operations, so we believe we can pick up some time,” said Evangelista. “We really don’t have a timeline; we’re just going with fall until they’re able to give us a more precise date on how much time they can pick up from not having to open in July.”
TN Ward and BurWil Construction form the construction team for the Hard Rock Hotel & Casino Bristol.
Hard Rock is continuing with some openings that were scheduled for July, though. It will open a few of its permanent food options next month, according to Evangelista. A former pizza restaurant is under renovation and will open as Constant Grind, a Hard Rock coffee and pastry shop brand. An area upstairs, leading up to the new casino floor, has been dubbed Marketplace, and it will open with Fish & Chicken Co., Brick’d Italian Kitchen and Street Tacos.
Mr. Lucky’s will stay open until the permanent casino opens, and the existing sports bar will close then. In addition to Constant Grind and the Marketplace options, the permanent casino’s dining venues will include Hard Rock Cafe, Council Oak Steakhouse and YouYu Noodle Bar.
The extended timeline follows a 2024-2026 budget amendment directing the Virginia Lottery to renew, before June 30, temporary casino operators’ authorizations to conduct gaming for an additional six months beyond the previously codified two-year limit, provided certain conditions are met.
The conditions in the amendment are that:
A portion of the temporary gaming facility will be incorporated as part of the permanent facility;
the preferred casino operator has met the $300 million minimum capital investment;
and the Virginia Lottery “determined that the preferred casino gaming operator has made a good faith effort to comply with the approved construction schedule.”
More than 600 construction workers are on site daily, according to a news release. Because Hard Rock was preparing the permanent casino for a July opening, the casino floor has slot machines, cameras, lighting and carpet installed and cages ready, Evangelista said.
The hotel is built, and the walls and window installations are complete. Almost all of its bathrooms are completed, she said. Workers are pouring the flooring for the front desk area.
The resort’s 2,000-seat entertainment venue, Hard Rock Live, is built out and enclosed, and work continues on the inside, according to Evangelista.
The Bristol Hard Rock currently has 619 employees, Evangelista said. An additional 200 people have accepted job offers and will come onboard as each acquires the necessary Virginia Lottery license.
From now until the end of the year, the team will continue hiring, with a goal of reaching about 1,400 employees for the full resort, Evangelista said.
Inova Health System has raised $83 million over the past year, surpassing the “Schar Challenge” issued by donors Dwight and Martha Schar when they made a $75 million matching gift to Inova in May 2023.
The Schars’ most recent gift to support Inova’s heart and vascular services and the gifts to match it made by more than 10,000 donors brings the Falls Church-based health system’s total raised over the past year to $158 million, according to a Thursday news release.
Dwight Schar founded Reston-based Fortune 500 company NVR, one of the nation’s largest mortgage bankers and homebuilders, which operates under the Ryan Homes, NVHomes and Heartland Homes brands. Since 1993, the Schars have donated more than $126 million to Inova, including $50 million in 2015 to establish the Inova Schar Cancer Institute, the hospital system’s Fairfax County hub for cancer treatment and clinical trials, which opened in 2019.
“We are deeply grateful to Dwight and Martha Schar for their extraordinary generosity and powerful call to action, and also to our Northern Virginia community who, together, donated more than $80 million to Inova in just one year,” Inova President and CEO Dr. J. Stephen Jones said in a statement. “This tremendous achievement is a reflection of a community that cares deeply about having world-class health care locally. It’s a profound vote of trust and a testament to the spirit of giving that defines our Inova community.”
“Early on in this challenge, Martha and I shared our belief in the power of a single act of generosity to spark a wave of transformation — and our community has stepped up in a big way to show this is possible,” Dwight Schar said in a statement. “This is an important step, and I’ll say again: nothing is more important than having world-class health care available to every person in our community.”
Schar, 82, retired as NVR’s chair in 2022, after having previously served also as CEO. Since its founding in 1980, NVR has grown to employ more than 6,000 people, and for the fiscal year ending Sept. 30, 2023, it reported $9.79 billion in revenue.
“Health care is No. 1 in my books; there’s nothing more important you can offer the community,” Schar told Virginia Business earlier this year. “The metropolitan Washington area has been very good to me and my business, so this is where I feel I can do the greatest good for the greatest number of people.”
Inova provides more than 4 million patient visits a year and employs more than 24,000 people across five hospitals and dozens of other facilities, including 37 primary care clinics and Northern Virginia’s only state-designated and nationally verified Level 1 trauma center.
Eighty years after the June 6, 1944, Allied invasion of Normandy, France, a Virginia company and other contractors gathered there to unveil a monument honoring the World War II predecessors of the Navy SEALs and special boat crews.
The Navy SEAL Museum San Diego, a museum opening late this year and a sister institution to the Navy SEAL Museum in Fort Pierce, Florida, contracted French and American companies to design and build the monument park in Normandy, which honors the Naval Combat Demolition Units (NCDUs) and Scouts and Raiders (S&R). The museum held an unveiling ceremony for the park on May 30, with about 250 people in attendance.
The memorial’s dedication is one of several events happening in Normandy this week to commemorate the 80th anniversary, as President Joe Biden is in France to attend D-Day celebrations with surviving nonagenarian and centenarian veterans of the conflict that proved a critical turning point in World War II, leading to the liberation of France and the ultimate defeat of Nazi Germany.
Virginia Beach-based architecture, engineering and design firm Clark Nexsen collaborated on the SEAL monument’s design and provided landscape architecture, civil engineering, electrical design and some marketing materials, said Erin Horton, a senior landscape architect with Clark Nexsen who attended the unveiling ceremony. The company declined to disclose the contract’s financial value.
“The deadliest day in SEAL history was June 6, 1944,” said retired U.S. Navy Capt. Rick Woolard, chairman of the museum and a former SEAL, in a statement. “Our forefathers of the Naval Combat Demolition Units took devastating losses while clearing the beaches of Normandy so the troops could get ashore on D-Day. The museum is proud to honor the courage and sacrifice of the NCDUs and the Scouts and Raiders with a striking monument on Omaha Beach that will last for generations.”
The roughly 7,500-square-foot monument park is located about 600 yards away from the Normandy American Cemetery and Memorial, according to Horton and Matt Pearson, founding principal and architect with North Carolina-based Studio X Design. Pearson previously worked for Clark Nexsen.
After receiving the initial design, Clark Nexsen, Studio X and Laser Imaging and Design collaborated to further develop the monument’s design. “It became more of an interactive park, where people could walk through, sit on benches,” Horton said. “There’s a lot of different educational pieces that they could see and read about and it just became more of a park than just a monument or just a sculpture.”
The centerpiece of the monument is an original D-Day “hedgehog,” anti-tank obstacles resembling giant child’s toy jacks, made of three steel rails riveted together and used to block tanks and watercraft. NCDUs and Army combat engineers worked to demolish hedgehogs and other obstacles to clear gaps to the beach for Allied landing craft on D-Day. The Overlord Museum in France donated the hedgehog, according to a news release.
The hedgehog sits on a “living beach,” which is filled with sand from Omaha Beach and sand from other sites where NCDUs, S&Rs and SEALs fought, trained and died. During the ceremony, Woolard gave out 100 different sands from around the world, which contributors spread onto the beach, Pearson said.
A “living beach” is also a component of the Navy SEALs Monument in Virginia Beach, which Clark Nexsen completed in 2017 for the Florida-based Navy SEAL Museum. Horton and Pearson, then with Clark Nexsen, worked on the Virginia Beach monument together.
“The museum thinks it’s a very powerful piece that they wanted to incorporate into this monument as well,” Horton said. In addition to spreading sand during the unveiling, “this can continue in years to come as people visit the monument or there are ceremonies that are held in the future,” she added.
The monument park also has granite panels with etched scenes from Omaha Beach on D-Day, NCDU and S&R inscriptions in French and English and QR codes leading to webpages with more information. Additionally, the site features a map etched in granite identifying terrain and reference points on Omaha Beach that were key during the D-Day invasion, and a granite pillar sculpture of an NCDU demolitions expert in combat gear.
A granite panel at the U.S. Naval Combat Demolition Unit/Scouts and Raiders Monument Park. Photo by Andrew McLeish, courtesy Navy SEAL Museum.
The project took about 20 months from idea to dedication, according to Horton.
She and Clark Nexsen have ties to the military that made work on this project meaningful for them.
“For Clark Nexsen, we’ve been living and working in Hampton Roads on a lot of different military projects for so long, we’ve established great connections with all walks of the military,” Horton said. “I’ve got military members in my family, so [I] kind of grew up in that environment. It’s very close to my heart.”
It’s also personally significant for Pearson, whose late grandfather landed at Utah Beach on D-Day, serving in the Navy and then later in the Army. Pearson’s grandfather told him he’d been able to hear the demolition units’ practice demolitions as they prepared for the invasion.
“There was a mission to do, and on June 6, 1944, they did it, and what we’re doing is just honoring what they did on that day,” Pearson said.
Pendleton S. Clark founded Clark Nexsen in Lynchburg in 1920. The company has around 175 employees based in its Virginia Beach headquarters and about 315 employees total. Clark Nexsen has four offices in Virginia, three in North Carolina, one in Georgia and one in Tennessee.
Here in Virginia, the National D-Day Memorial Foundation and Virginia Tech are working to broaden the National D-Day Memorial, adding an audiovisual production for the 80th anniversary ceremonies. The memorial opened in 2001 in Bedford, chosen because Bedford lost 20 residents in the invasion, making it the U.S. community that suffered the highest known per capita losses on D-Day.
Virginia Tech’s Institute for Creativity, Arts, and Technology and the foundation wrote and created the 25-minute projection show that includes firsthand accounts of the invasion.
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