Davenport & Co. names vice president
Shane M. Cason has joined Davenport & Co. as a vice president–Investments.
Before joining Davenport, Cason served clients for 15 years as a financial advisor with Merrill Lynch.
He holds Series 7 and 66 registrations and is licensed to sell life, health and annuity insurance.
Cason has earned the Certified Financial Planner certification and Chartered Retirement Planning Counselor designation.
Cason hold a bachelor’s degree in business administration from Roanoke College.
Based in Richmond, Davenport has 22 locations in Virginia, North Carolina, South Carolina, Georgia and Maryland. The firm, which is employee owned, has more than 400 employees, including 175 investment executives.
Engility Holdings names senior vice president
Chantilly-based Engility Holdings Inc. has named Scott Whatmough senior vice president of the company’s defense group business.
Whatmough joins Engility after 30 years at Raytheon, where he most recently led a $900-million military electronics systems business. Before that, he worked at RCA Government Systems and Sequoia Systems.
Whatmough holds a bachelor’s degree in mechanical engineering from the University of Rhode Island.
Engility is a major provider of integrated solutions and services to U.S. government customers in the defense, federal civilian, intelligence and space communities.
Community Bankers Trust names new director
Community Bankers Trust Corp., the parent company of Essex Bank, has appointed William E. Hardy to its board of directors. He also will serve as a director of the bank.
Hardy is a Certified Public aAccountant with 34 years of accounting and auditing experience in the central Virginia market. He is a founding partner and the president of Harris, Hardy & Johnstone PC in Richmond.
He is a graduate of Virginia Military Institute, and he received his certificate in accounting from Virginia Commonwealth University.
Essex Bank has 23 full-service offices, 17 of which are in Virginia and six of which are in Maryland. The Bank also operates one loan production office in Virginia.
Soft opening of The Main showcases $175 million property and the arts
The main event in the city of Norfolk on Friday night was The Main, the city’s newest downtown hotel and conference center. Dancers danced, champagne flowed and the governor of Virginia anointed The Main as a transformative property that will help reposition not only this port city, but also the state, as a prime tourism and conference destination.
“When you think that this was an old bus terminal not too many years, ago, a decrepit, vacant bus terminal, and you walk in here now today and you see all these beautiful rooms and go upstairs, I just saw the new craft brewery, this will transform Norfolk, Va. This will transform Hampton Roads. This will transform the commonwealth of Virginia,” McAuliffe said during a reception at the $175 million property.
This weekend’s “soft” opening, coming 10 days before The Main officially opens for business on April 3, is a private fundraising event with an ambitious goal of raising $1 million for Norfolk’s vibrant arts community. Norfolk is home to the Virginia Opera, the Virginia Stage Co., and the Virginia Symphony, among other arts groups.
Arriving guests were greeted by dancers whose movements and costumes evoked mermaids as they gracefully batted balloon-like balls back and forth in The Main’s light-filled atrium. As people stood in line to get keys to their rooms, hotel staff delivered flutes of champagne. According to event organizers, about 500 people had registered for the arts-focused weekend, with some packages selling for as much as $1,600.
By early evening, when McAuliffe showed up for the reception, members from the business, local government and arts communities turned out to toast the 22-story glass tower and Hilton-branded luxury hotel that sits at the corner of Main and Granby streets.
Asa Shield, a financial consultant for CCP, a commercial real estate firm in Virginia Beach and a member of the Virginia Symphony board, said The Main “will upgrade downtown Norfolk. This is something we need to attract conventions and tourisms. As for the business community, it will be good because it’s a convenient location for meetings and for guests to stay.”
The imprint of the region’s business community was apparent at the gala. TowneBank served as the main sponsor, and other companies, such as Norfolk Southern Corp. and the law firm of Kaufman & Canoles sponsored specific events. Kaufman & Canoles sponsored a Friday night dinner theater presentation of excerpts from “The Wiz” by Virginia Stage Co. and Norfolk State University.
Besides the dinner theater, guests spent the evening dining at one of the property’s venues – dancing at a Big Band bash or quaffing a few brews at The Grain, a fifth-floor beer garden that serves 100 craft beers.
In a public acknowledgment of the project’s developer, McAuliffe called Bruce Thompson, the CEO of Gold Key | PHR and one of the state’s largest hospitality operators, “the genius behind where we are standing here today.”
Just hours before the reception, Thompson, in jeans, was directing staff on where to move a tree sculpture. He donned a suit for the evening’s festivities. After more than four and a half years of planning, to see the project open and filled with people “gives me goose bumps,” said Thompson.
Thompson, in partnership with the city of Norfolk, built the project with help from the state’s tourism development financing program. Virginia is one of seven states with some form of tourism development gap financing. It assists developers and localities that partner and apply for the financing, which doesn’t kick in until after a facility opens. A developer can apply for as much as 20 percent of a project’s total cost on facilities of more than $100 million. With The Main, Thompson and the city applied for 9 percent of the financing on the $77.5 million expected cost of building the 300-room hotel portion of the project, said Wirt Confroy, director of business development for the Virginia Tourism Corp. The Main is expected to create 250 fulltime jobs, Wirt said.
“The great thing about this program and why the state likes it so much, this is not money taken from another pot and given to the locality,” explained Confroy. “All the money the state contributes is from the new taxes from the new revenue that the project creates … It’s a performance-based tax rebate, really. “
The city of Norfolk also kicked in funding to help with parking and the construction of The Exchange, the hotel's 50,000-square-foot conference center. Norfolk Mayor Ken Alexander said The Main gives Norfolk the state’s largest ballroom – about the size of a football field – which will enable the city to be more competitive in drawing events. With about 6,000 people now living downtown, it also provides a new gathering place.
Other city officials noted that 2017 is turning out to a banner year for new development in Norfolk with the May opening of the new Waterside District, a short distance from The Main on the city's Elizabeth River waterfront, and the June opening of Norfolk Premium Outlets.
Rob Uhrin, a principal with Cooper Carry, said the hotel was designed to actively engage the community with plenty of public spaces, including outside patios off the beer garden and a small outdoor park off the building’s main first-floor seafood restaurant, Saltine. “The days of having an experience for only the hotel guest, those days are long gone,” he said. “It’s all about locals coming in and interacting with the people who are visiting.”
Uhrin, who works out of the Atlanta-based design firm’s Washington, D.C. office, said The Main could just as easily be in New York City as Norfolk. For a 500,000 square-property to have three high-end food and beverage outlets is unusual, he said, and was part of Thompson’s vision for the facility to be a local gathering place. One of the biggest challenges, Uhrin added, was positioning the property on what was a relatively small sliver of land. The response was “stacking ballroom upon ballroom and stacking the parking. One of the biggest challenges in a stacked situation is moving everyone up and down.” A part of the solution to that piece is the facility's dramatic escalator, which moves people from the first to the third floors, allowing visitors to look out onto city streets and offering views from the street into the hotel. “You can see the activity . That is exposed to the street. So it's engaging the whole civic environment. That's why I think it works,” said Uhrin.
As with any opening night, there were a few glitches. Some visitors attended the governor’s reception in the attire they arrived in, because luggage didn’t get sent to their rooms on time. An electrical outlet in the main lobby didn’t work. All in all though, The Main’s Managing Director Kurt Krause said he was pleased with how the first night’s events had gone. By that point, he had been up for 17 hours, and was looking for a good night’s sleep.
The event continues through Sunday with special art exhibits and a performance tonight by the Virginia Symphony Orchestra and Broadway singer Kelli O’Hara.
Hilton names chief customer officer
McLean-based Hilton announced Friday it has named Jonathan Witter chief customer officer, a newly created role. He will report to Hilton President and CEO Christopher J. Nassetta.
Witter most recently served as president of retail and direct banking at Capital One Financial Corp., also based in McLean. In his new role, he will oversee the company’s global brands, marketing, loyalty and partnerships, IT and strategy teams.
“He will be integral to ensuring that at every stage of our customers’ journey, from the time they start planning a trip to when they arrive back home, we exceed their expectations at every turn,” Nassetta said in a statement.
Before Capital One, Witter served as president and chief operating officer at Morgan Stanley Private Bank and executive vice president, head of general bank distribution at Wachovia Corp. Earlier in his career, he worked in consulting at McKinsey & Co. and Deloitte & Touche.
Witter received a master’s degree in business administration from the University of Pennsylvania and an undergraduate degree in economics from Vanderbilt University.
Virginia unemployment falls during February
Virginia’s unemployment rate dipped to 3.9 percent in February, the lowest level it has reached in more than eight years.
The Virginia Employment Commission reported on Friday that the state’s jobless rate declined one-tenth of a percentage point in February while the labor force expanded for the 11th consecutive month to 4.28 million.
The VEC said February’s jobless rate is the lowest recorded in Virginia since June 2008.
The VEC report is based on seasonally adjusted numbers, meaning they take into account seasonal changes in the labor force.
The Virginia labor force rose by 7,333 people in February while the number of unemployed declined by 6,074.
The commonwealth’s total nonfarm employment increased by 11,400 jobs during the month to 3.96 million, the third straight monthly increase.
Employment rose in eight major industry divisions and fell in three. The biggest increase occurred in private education and health services, which rose by 5,400 jobs to 539,600 positions. That employment segment had lost jobs during the previous three months.
The largest job loss during February occurred in construction, down 3,200 jobs to 186,100.
Northern Virginia posted the biggest jobs gain in Virginia’s largest metro areas, up 6,500.
Hanover Research names chief growth officer
Arlington-based Hanover Research said Thursday it has named Vineeta Mooganur chief growth officer.
In her new role, Mooganur will manage the market-facing teams of Hanover’s enterprise practice.
Prior to joining Hanover, Mooganur was the vice president of sales and partnerships at WiserTogether, a Washington, D.C.-based healthcare technology firm.
Mooganur also served as managing director of sales, service, and product support at CEB and as a management consultant at Bain & Co., working with clients in health care, retail, and technology.
She earned a bachelor’s degree in industrial engineering from Kettering University and master’s degrees in business administration and manufacturing management from Northwestern University’s Kellogg School of Management.
Hanover Research is a research and analytics firm serving more than 1,000 clients.
Manufacturer establishes Chesapeake operations
Atlantic Core Building Products plans to establish a manufacturing operation in Chesapeake, which is expected to create 50 jobs.
Atlantic Core Building Products, which makes steel commercial construction materials, will spend $3 million on the facility. The company manufactures cold-formed steel framing, finishing and polyvinyl chloride (PVC) accessories for commercial and residential buildings.
The comoany’s products are used for installation in walls, ceilings, floors and roofs throughout the Eastern U.S., Caribbean and Latin America.
Virginia competed against North Carolina and South Carolina for the project, which will create 50 new jobs.
“We are excited to call Chesapeake our home,” Atlantic Core Building Products President Ryan Smith said in a statement. “After considering several ports on the eastern seaboard, we found that Virginia has an excellent workforce, world-class port facilities, strong incentives and an easily accessible, strategic location. From our plant, we can service 40 percent of the U.S. construction market and our export customers in Latin America.”
The Virginia Economic Development Partnership will support Atlantic Core Building Products’ new job creation through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities.
The company will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and is eligible to receive sales and use tax exemptions on manufacturing equipment.
Sentara opens outpatient campus in Chesapeake
Norfolk-based Sentara Healthcare has opened its $19 million Sentara Edinburgh outpatient campus in Chesapeake.
The 60,000-square-foot, two-story building houses Sentara Medical Group’s first practice combining family medicine and pediatrics.
Sentara Cardiology Specialists will open an office at the facility this summer.
Edinburgh is a development in southern Chesapeake.
Sentara Edinburgh was designed by Innovate Architecture of Portsmouth. The facility was built by Vannoy Construction of Charlotte, N.C., and Compo Construction of Norfolk.
Sentara Edinburgh is the latest addition to Sentara facilities and services in Chesapeake. Sentara Life Care recently opened a skilled nursing facility in the city called the Sentara Rehabilitation & Care Residence. The Sentara Rehabilitation Network has facilities in the Chesapeake Family YMCA.
The Sentara HealthPlex outpatient campus is in the city’s Greenbrier area. Other facilities in Chesapeake include the Sentara College of Health Sciences, the company’s materials management distribution center and offices for Sentara Home Care & Hospice services.