Town Center of Virginia Beach to celebrate opening of new office tower on Oct. 8

As Town Center of Virginia Beach continues to grow, so does development around the massive mixed-use center. An existing apartment community is expanding, there’s a new hotel in the works and a new office tower that will boost the amount of Class A office space in the 17-block center to 1 million square feet will be open for tours next week.

A celebration ceremony is set for Wednesday, Oct. 8, at 10 a.m. at the town center for 4525 Main Street Tower. The 15-story tower is the new corporate headquarters for Clark Nexsen, an architectural and engineering firm that relocated from downtown Norfolk. The Virginia Beach Economic Development Apartment also located to the new building.

The Breeden Co., a Virginia Beach-based real estate development firm, has purchased 11 acres on Alicia Drive, for $4.7 million to expand its existing Cambria at Cornerstone apartment community. It’s located a few minutes from the center. The 276-unit complex located within the master planned community of Cambria is the only Triple AAA rated apartment community in Hampton Roads.

Janet Whitbeck, a vice president for Cushman & Wakefield | Thalhimer in Hampton Roads who assisted Breeden with the land transaction, said Thalhimer also sold two acres on Alicia Drive to a hotel developer who plans to build a Value Place Hotel on the site.