Town Center of Virginia Beach
The Town Center of Virginia Beach is an ongoing, multi-phase development that started in 2000 as a public-private partnership between the City of Virginia Beach and Armada Hoffler Properties. The mixed-use project spans 17 pedestrian-friendly blocks and features an eclectic mix of upscale retail, dining options, Class A office space, luxury residences, as well as entertainment and cultural venues.
The Town Center of Virginia Beach represents the city’s emerging downtown core. With more than 50 percent of tenants who are new to Virginia Beach and over 30 percent who are new to Coastal Virginia, this signature project serves as an economic catalyst for both the city and the broader region.
The Town Center of Virginia Beach is a transformative development project located at the heart of the city’s Central Business District. In addition to the high-quality real estate owned by Armada Hoffler Properties, Town Center also features more than 410 hotel rooms, approximately 30,000 square feet of conference space and a 1,300-seat performing arts theater.To date, the City of Virginia Beach has invested $200 million in the Town Center of Virginia Beach, while Armada Hoffler Properties and associates have invested approximately $500 million to create this open-air, pedestrian-friendly lifestyle center. With the next phase of development now underway, Town Center continues to evolve.
The City of Virginia Beach
Virginia Beach is the most populous city in the Commonwealth of Virginia. It is the 39thlargest city in the United States, located in the southeastern corner of Virginia and nestled in a Metropolitan Statistical Area (MSA) of approximately 1.7 million people.
This is the seventh year in a row that the City of Virginia Beach has earned AAA bond ratings from all three major rating agencies. The city was also named one of 2017’s Best Large Cities to Start a Business and one of America’s 50 Best Cities to Live in October 2016.