Development Opportunities

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Welton North LLC:  This strategic corner lot is an exceptional downtown development opportunity.  This property supports new construction with a low to mid-rise signature building.. preferably for a boutique company headquarters or retailer and apartments or offices above.  This site is located directly across from Wells Fargo Center mixed-use complex, Scope arena, Chrysler Hall, Va Arts Headquarters and Theater, as well as the Hoorah Players Theater.  The property is serviced by the TIDE at Monticello light rail station. Presently the site is used as a parking lot and leased to AJ Gators.  It is our goal to develop this site beginning 2019. 

Note:  this location is located only 1 train stop away from approximately 20,000 employees/students located on campus at Eastern Va Medical School EVMS and other medical and research facilities. 

 

Monticello Place:  A +/-70,000 sf office / retail mixed-use building strategically located at the epi-center of downtown directly across from the main entrance of Nordstrom-anchored MacArthur Center Mall.  Retailers interested in this space would join Urban Outfitters as a co-tenant on Granby Street and Regals Theaters, California Pizza Kitchen and Texas De Brazil on the Monticello Avenue side.  First floor space may be subdivided for highly visible and expansive storefronts up to +/- 12,500 sf.  Two story, up-and-down, floorplans are possible as well. 

Office users occupying upper floors have the choice of an open floor plan or "build-out" with up to +/-14,000 sf availabe per floor.

Two light rail stations service this location.  This property is also an excellent redevelopment candidate for hotel, or larger mixed-use development.   City of Norfolk is working "hand-in-hand" with us as this property is strategic in the growth of downtown and the historic Granby district.