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vdogg

By vdogg
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HRVA
HRVA

Lowe’s opening 1.5 million SF distribution center on US 58 $75 million investment creating 100 jobs. Will be located in Virginia Port Logistics Park, joining Massimo Zanetti, Amazon, Ace Hardware

HRVA
HRVA

Bridgeport Listing The article mentions the restaurants but the listing also mentions a boutique bowling alley and a few smaller tenants. When these types of suburban mixed use developments are p

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VBIllini13 Whistle-Stop

VBIllini13

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Here's an update about the Washington Street development. Suffolk now has more new storefronts and loft apartments in that area of downtown. 

 

http://hamptonroads.com/2014/12/downtown-suffolks-new-life-continues

 

Looks good for Suffolk, but $900 for a 900 square foot apartment is a bit steep. 

 

Even out in Suffolk, I would never consider $1 per square foot to be steep. That's actually the cheapest I've ever seen a new construction apartment rent its units for.

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urbanvb City

urbanvb

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I noticed lots of heavy machinery on the old Obici site on north main street. I'm glad Suffolk is seeing some action as well. 

Seventeen acres of the property are under contract to Waverton, a Portsmouth-based developer that plans to build a 224-unit apartment community called Meridian at Obici Place. Under the contract, Waverton would spend roughly $3 million for its parcel, with $1.7 million going toward infrastructure improvements that will benefit future adjacent retailers.

 

Maybe I spoke too soon. I found some renderings online. And the article states these will be higher end apartments. Surely, Suffolk could do a little better. -_-

http://www.ts3architects.com/portfolio-item/meridian-obici-apartments/

Edited by urbanvb
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HRVA Hamlet

HRVA

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7020FA76-AE25-4DCA-BEBA-53A8600166B2.jpeg.3c69d4901dd70862f6ec76d3c5e7aade.jpeg

Bridgeport Listing

The article mentions the restaurants but the listing also mentions a boutique bowling alley and a few smaller tenants. When these types of suburban mixed use developments are proposed, they typically scale back, especially on the retail/restaurant side. This development looks like it’s delivering as promised. 

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HRVA Hamlet

HRVA

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On 9/22/2022 at 7:07 AM, varider said:

https://www.wavy.com/news/local-news/suffolk/suffolk-city-council-approves-rezoning-request-paving-way-for-port-460-project/
 

Good news out of Suffolk. I read that this project is supposed to be the third largest warehouse complex in the country. We need anything we can get around here.

It's pretty wild the activity out that way. Desperately needed space and it will be nice to capture more of the port's activity instead of it all being shipped out to Richmond and beyond. This comment with a proposed project sums it up perfectly: "We are witnessing billions of dollars being invested in regional highway, bridge and tunnel infrastructure to provide fluid passenger and cargo transit. The piece that is missing is industrial site and building development that is needed to drive economic expansion. At the end of the 2022 Fiscal Year, Hampton Roads was experiencing a historic low vacancy rate of 1.4% for class A industrial warehouse space. Over the last few years any industrial space to come on the market was quickly absorbed by manufacturers and distributors, many being port users such as Amazon, Tractor Supply, Walmart, Target and Autozone. Today, industrial site searches are moving to other markets because of the lack of industrial space in our market."

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wrldcoupe4 Metropolitan Area

wrldcoupe4

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On 9/26/2022 at 6:55 PM, HRVA said:

It's pretty wild the activity out that way. Desperately needed space and it will be nice to capture more of the port's activity instead of it all being shipped out to Richmond and beyond. This comment with a proposed project sums it up perfectly: "We are witnessing billions of dollars being invested in regional highway, bridge and tunnel infrastructure to provide fluid passenger and cargo transit. The piece that is missing is industrial site and building development that is needed to drive economic expansion. At the end of the 2022 Fiscal Year, Hampton Roads was experiencing a historic low vacancy rate of 1.4% for class A industrial warehouse space. Over the last few years any industrial space to come on the market was quickly absorbed by manufacturers and distributors, many being port users such as Amazon, Tractor Supply, Walmart, Target and Autozone. Today, industrial site searches are moving to other markets because of the lack of industrial space in our market."

This project got appealed by some local residents. 

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varider Town

varider

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https://www.pilotonline.com/inside-business/vp-ib-elliott-hotel-0522-20230517-p4oliwaozndpbkssukymossiqy-story.html

https://www.13newsnow.com/article/news/local/mycity/suffolk/new-restaurants-community-spaces-safety-investments-on-the-way-to-suffolk-virginia/291-6c9e805b-9aca-4eae-8aa2-80cb4264c059

Well at least Suffolk had an exciting State of the City 

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NFKjeff Hamlet

NFKjeff

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2 hours ago, varider said:

https://www.pilotonline.com/inside-business/vp-ib-elliott-hotel-0522-20230517-p4oliwaozndpbkssukymossiqy-story.html

https://www.13newsnow.com/article/news/local/mycity/suffolk/new-restaurants-community-spaces-safety-investments-on-the-way-to-suffolk-virginia/291-6c9e805b-9aca-4eae-8aa2-80cb4264c059

Well at least Suffolk had an exciting State of the City 

Any details you can provide, synopsis style, for those of us behind the paywall? Thanks.

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HRVA Hamlet

HRVA

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12 minutes ago, NFKjeff said:

Any details you can provide, synopsis style, for those of us behind the paywall? Thanks.

The Pilot article is more focused on the apartment rehab while WVEC’s is a better synopsis of the whole speech (no paywall). 

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HRVA Hamlet

HRVA

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20 minutes ago, varider said:

https://www.pilotonline.com/2024/03/14/cold-storage-company-announces-77-5-million-expansion-to-suffolk-with-80-jobs/
 

More jobs coming to Suffolk 

Northgate Commerce Park has really exploded the past ~5 years starting with Amazon. This particular building is now 50% taller than originally proposed with capacity nearly doubled. Karis also has another facility planned south of Downtown Suffolk. 

More details on the Northgate project: https://freezpak.com/2024/03/14/freezpak-logistics-saoud-development-karis-cold-and-lb-realty-advisors-new-location-norfolk-va-port/

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