2007-01-12, 10:57

Mixed use in Hampton Roads area of Virginia

By: Jonathan Groner
According to a Jan. 6, 2007, article in the Virginian-Pilot, a major mixed-use building will sprout in Norfolk, Va., and will be ready for occupancy by 2010. It's the planned $150-million Wachovia Center in downtown Norfolk, just north of the city's central business district.

The 22-story building will include 250,000 square feet of office space, 175 apartments, and 50,000 square feet of retail space spread over 4.5 acres. Plus, the city will build two garages that will house 2,000 parking spaces. It's going to fall in the category of transit-oriented development, since it will be right in front of a stop on the city's proposed light rail line.

Business tenants will include the building's developer, S.L. Nusbaum Realty Co., as well as Wachovia and Goodman and Company, a major regional accounting firm. Construction will begin in mid-2008.

Norfolk is facing a crunch for office space, and this building may help alleviate the shortage.

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