CLASS A MIXED-USE DEVELOPMENT FOR LEASE/SALE Phase 7 Norfolk, VA CLASS A RETAIL SPACE AVAILABLE NOW PRELEASING/PRESELLING Retail Opportunity on Shore Drive and the Chesapeake Bay Site Work is Underway! For more information, contact: ERIC STANLEY Vice President 757 499 2739 eric.stanley@thalhimer.com TROY PARKER Principal Broker Partner Parker Burnell Real Estate Group 757 222 0111 troy@parkerburnell.com The Town Center of Virginia Beach 222 Central Park Ave., Suite 1820 Virginia Beach, VA 23462 www.thalhimer.com Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Thalhimer 2015. No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Opportunity Awaits Living is a traditional designed waterfront community in Norfolk built in the tradition of Atlantic Coastal villages. Located right on the Chesapeake Bay, just a 15 minute drive to downtown Norfolk and Town Center Virginia Beach - the major employment centers and in close proximity to the entrance of the Little Creek Joint Expeditionary Base. In addition to the existing mixed-use waterfront neighborhood that features a variety of condominiums, townhomes, shops, and restaurants alongside the marinas, the final phase of the community is ready to launch along Shore Drive featuring ground floor retail and office space with residential units above, designed to bring the convenience of urban living into the neighborhood and nearby community. Now preleasing and preselling the ground floor retail Mixed-use buildings with high end condos/apartments above ground floor retail Construction to start Q1 2019 Summary of Available Space Q1 2020 Delivery Village Square - Building 1 Village Square - Building 2 Village Square - Building 3 Village Square - Building 4 Signature Buildings - Building 5 Signature Buildings - Building 6 Signature Buildings - Building 7 Signature Buildings - Building 8 Signature Buildings - Building 9 +/-564 SF 4,906 SF Retail Space +/-1,069 SF 5,361 SF Retail Space +/-3,884 SF 5,000 SF Retail Space +/-4,067 SF Retail Space +/-720 SF 2,736 SF Retail Space +/-672 SF 2,656 SF Retail Space +/-672 SF 2,656 SF Retail Space +/-672 SF 2,656 SF Retail Space Fully Leased - 7,600 SF Vet Clinic
Trade Area Demographics (45-Minute Drive Time) is a master planned golf-cart community with some of the highest priced homes per square foot in Norfolk and home to over 700 residences Population Estimated 2017 Population 67,243 Projected 2022 Population 68,540 Daytime Population (Employees) 20,745 Education: College Degree+ 62% White Collar Employment 55% Median Age 34 Households Estimated 2017 Households 27,466 Projected 2022 Households 27,996 Est. Average Household Income $62,129 Projected Avg. Household Income $70,484 Est. Average Home Value $277,166 Projected Avg. Home Value $314,613 Average Yearly Expenditure Total Retail $46.9 M
Conceptual Floor Plan Village Square Building 1 & Building 2 Available SF +/-564 5,361 SF Conceptual Restaurant Layout #1 +/-1,924 SF Seating Area +/-900 SF Kitchen Area +/-1,000 SF Courtyard Area Conceptual Restaurant Layout #2 +/-2,681 SF Seating Area +/-1,264 SF Kitchen Area
Conceptual Floor Plan Village Square Building 3 Available SF +/-3,884 SF (Expandable to 5,000 SF) Class A street-level retail & restaurant space is available at
Conceptual Floor Plan Village Square Building 4 Available SF +/-4,067 SF
is home to a built-in customer base of 500 high end single family homes, and 700 dwelling units in total. Next door, Bay Breeze Point, Bay Point Condos, and nearby apartments on Pretty Lake Avenue bring the total population on the Peninsula to over 1,000 residences. Village Square Building 5 Available SF +/-720-2,736 SF Conceptual Floor Plan
Conceptual Floor Plan Village Square Building 6, 7 & 8 Available SF +/-672-2,656 SF has excellent walkability, tree-lined streetscape, sidewalks & breezeways
CLASS A MIXED-USE DEVELOPMENT FOR LEASE/SALE Phase 7 Norfolk, VA $ 2017 Average Household 62,129 Income 18.4% 2017 percentage of the population between the ages of 25 34 year old. Affluent residents of East Beach are without ample retail options and need more service-oriented retailers including restaurants 20.2% Trade Area household income between $50,000 - $74,999 11.6% 2017 percentage of the population between the ages of 55-64 year old. Class A ground-floor retail space with excellent walkability & access, & ample surface lot parking Source: Regis Pro/Sites USA 2017 Estimates For more information, contact: ERIC STANLEY Vice President 757 499 2739 eric.stanley@thalhimer.com TROY PARKER Principal Broker Partner Parker Burnell Real Estate Group 757 222 0111 troy@parkerburnell.com The Town Center of Virginia Beach 222 Central Park Ave., Suite 1820 Virginia Beach, VA 23462 www.thalhimer.com Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Thalhimer 2015. No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.