New $7.7 million retail development coming to Virginia Beach
Beach Development Group, a Virginia Beach-based general contractor and development company, is developing a new retail project in the city’s Princess Anne area, and some of the tenants are new to the region.
According to Kathy Owens, the company’s president, the $7.7 million project will include 27,600 square feet in three buildings and a three quarter-acre parcel available for ground lease.
One of the tenants will be a grocer that already has closed on an adjacent parcel at the intersection of Holland Road and Warwick Drive. Owens said she could not disclose the name of the grocer at this time.
She said Hardees fast food restaurant and Christian Brothers Automotive (CBA) also have purchased outparcels and will be tenants. CBA, based in Houston, has more than 150 franchise locations across the country. “The rapid growth throughout the region represents a unique opportunity for us … ” Mark Carr, president and CEO of Christian Brothers said in a statement.
Owens said site clearing for the project should begin soon.