Arlington County is in a state of transition. That was the central theme of yesterday’s 4th Annual Arlington State of the Market hosted by Bisnow. The once stable office and residential market has been uprooted by numerous changes to military programs over the past several years including the Base Realignment and Closure Commission and sequestration. With military cut-backs and consolidations, government contractors in the area have decided to vacate once thriving areas such as Crystal City. (more…)
It looks as though the Richmond region may be in-store for a big move. Toano, Virginia-based Lumber Liquidators has been touring several properties in the area for a possible move. Sources who have provided proposals to the company have indicated that the space requirements are approximately 30,000-45,000 sq./ft. in size. The only market to have large blocks of space left of that size is the CBD with the announcement that McGuireWoods will be moving out of James Center One into the new Gateway Plaza.
Warren D. Harris is the Director of the Virginia Beach Department of Economic Development and is directly involved in improving and enhancing the quality of life for the citizens of Hampton Roads. Warren was appointed to the Director’s position by the Virginia Beach City Manager in July 2007 after serving as Director of Economic Development for the City of Chesapeake, VA.
Virginia Beach has scored a number of major economic development projects in the past year and continues to attract attention from businesses and developers. We caught up with Warren recently to discuss some of the big real estate deals currently in progress in Virginia Beach and what he sees down the road for economic development in the Hampton Roads region.
Over a decade ago, Blacksburg Middle School was shuttered and replaced with a newer facility on the west side of the township. Since that time the Blacksburg Town Council and Montgomery County officials have been looking to sell or lease the old site in the hope of adding much needed funds to their coffers for additional school projects around the county. It appears that they might not have to wait any longer. At a Montgomery County Board of Supervisors meeting last night representatives from Fiddler’s Green Partners announced that they plan on submitting a development proposal for the 20-acre site today with the Blacksburg Town Council.
Virginia Beach has been known as a popular tourist destination for years and its Oceanfront thrives with activity during the warm summer months, but a new mixed-use development is hoping to draw more year-round residents to the area. 31Ocean, a $72 million mixed-use project from Gold Key/PHR Hotels and Resorts, will open officially next month. The development features apartments, hotel, retail and office space, and restaurants. It’s the first mixed-use project along the Oceanfront and despite the city’s optimism about 31Ocean it has faced from push back from residents and questions about the city spending more than $40 million for infrastructure improvements around the site.