Firm outlines its plans for Summit Pointe in Chesapeake

Summit Pointe Realty LLC has unveiled plans for continued development of Summit Pointe in Chesapeake.

Summit Pointe is presently zoned to develop 1 million square feet of office space, more than 1,400 residences, up to 500,000 square feet of retail space, and 250,000 square feet of hospitality and conference space.

The project, which represents an investment of more than $300 million, will be developed in a number of phases.

The first phase of the development includes the new 510,000-square-foot headquarters of Dollar Tree Inc., which is scheduled for completion this summer. An adjacent parking deck will provide public parking for 1,500 vehicles.

Summit Pointe’s tree-lined Belaire Avenue will include workplaces and residences over ground floor shops and restaurants.  A piazza at the heart of the development is expected to serve as a venue for outdoor musical events, festivals and other functions.

Additional development will include upscale residential communities containing at least 600 units, over 100,000 square feet of new retail and restaurant spaces, at least 100,000 square feet of traditional and modern workspaces, and a boutique hotel.