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.

 

110+commercial tenants
25+restaurants and cafes
460,000square feet of upscale retail space
800,000square feet of Class A office space
14properties
625+luxury residential units
95% total weighted average occupancy
*As of 6/30/2017

 Properties under construction or with potential for redevelopment
 Retail or Mixed-Use Properties
 Office Properties
 Multifamilty Properties
1Potential for future 1.3-acre development, currently used as a parking lot.
2Studio 56 Retail offers 11,600 square feet of retail space for McCormick & Schmick’s, Confetti Café & Gelato, and Zeiders American Dream Theater.
3Commerce Street Retail offers 19,100 square feet of retail space featuring Yard House, Twist Martini & Associates, etc.
4Dick’s at Town Center offers 103,300 square feet of retail space with Dick’s Sporting Goods as the anchor tenant.
5249 Central Park Retail offers 92,700 square feet of retail space featuring Cheesecake Factory, Brooks Brothers, Gordon Biersch, etc.
6Fountain Plaza Retail offers 35,900 square feet of retail space featuring Bravo! Cucina Italiana, Ruth’s Chris, Ann Taylor Loft, Sonoma Wine Bar & Bistro, etc.
7Phase VI of Town Center $53 million Mixed-use development currently under construction with 3Q18 expected completion (approximately 1 acre)
8Armada Hoffler Tower offers 324,200 square feet of Class A office space
9South Retail offers 38,500 square feet of retail space featuring lululemon athletica, California Pizza Kitchen, free people, etc.
10The Cosmopolitan features 342 multifamily units
11One Columbus offers 129,200 square feet of Class A office space
124525 Main Street offers 237,900 square feet of Class A office space
13Two Columbus offers 108,400 square feet of Class A office space
14Encore Apartments features 286 multifamily units
15Columbus Village I is a retail center currently home to Barnes & Noble, FYE, Five Below, and ULTA Beauty. The five-acre site was acquired by the Company in July 2015 and has potential for redevelopment and future integration into the dynamic Town Center environment.
16Columbus Village II is a retail center currently home to Regal Cinemas, Bed, Bath & Beyond, and a deli. The seven-acre site was acquired by the Company in October 2016 and has potential for redevelopment and future integration into the dynamic Town Center environment.


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.

View Town Center Website


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.