The 284,333-square-foot property is 98% leased, with tenants including General Dynamics Information Technology, Capital Caring Health, Sheet Metal Workers’ National Pension Fund and Balfour Beatty.
Located at 100 Whitworth Way, Elan-Williamsburg is a 198-unit apartment complex in Colonial Williamsburg.
Northern Virginia Realtors saw a 58% increase, or nearly $1.5 billion, in the amount of real estate sold in September compared to the same time period last year, according to the Northern Virginia Association of Realtors.
This month, Virginia Realtors will be 100 years old, marking its anniversary as a centenarian while the residential real estate market in Virginia continues to climb despite the pandemic.
People
Virginia Realtors announced Tuesday it has hired Leslie J. Frazier as senior vice president of community and industry relations.
Virginia Beach-based real estate developer The Breeden Co. announced Tuesday that Brenda Karp, Breeden Realty vice president, was appointed to the Commercial Real Estate Women (CREW) Network Foundation board of directors.
OTHER REAL ESTATE STORIES FROM AROUND THE STATE ...
Northern Virginia
Washington Business Journal
Developers JBG Smith Properties and Lionstone Investment have reenvisioned the entire district and brought it through the city's planning process in a little over a year after they earned the university's $1 billion computer science-focused campus after it exited a nearby site.
Washington Business Journal
The American Diabetes Association isn't planning a return to the Crystal City headquarters it left Alexandria for a few years back, not even when a COVID-19 vaccine is readily available and it's safe to go back to the office again.
Washington Business Journal
The Fairfax County board on Oct. 6 unanimously authorized the county executive to craft an interim agreement with developer Alpine-X LLC, which will allow the company to continue its due diligence work on the county-owned site through Dec. 31, 2021.
Washington Business Journal
Halmar International, a civil construction firm, is relocating its regional office from Tysons to downtown Baltimore in 2020.
The Free Lance-Star
The garage is owned by The Vakos Cos., which is developing Winchester Place, a 34-unit apartment building with 3,500 square feet of commercial space that will face Amelia Street on the same block.
Central Virginia
Richmond Times-Dispatch
Henrico-based KM Hotels has opened two new hotels in the Richmond region in recent months.
Henrico Citizen
The indoor arena and convocation center Henrico County and The Rebkee Co. are planning at the current site of Virginia Center Commons will include 12 basketball courts, convertible to 24 volleyball courts – and allow for a possible future expansion.
Richmond Times-Dispatch
Over the past decade, city leaders have promised to transform the complexes, known for substandard conditions, into mixed-income neighborhoods, with subsidized apartments interspersed with market-rate rentals and homes for sale.
The Daily Progress
Charlottesville City Council is ready to take the final steps to support massive redevelopments of the city’s public housing stock.
The News & Advance
With the recent approval of several grants, the town of Altavista is poised to begin work on an innovation center and coworking space meant to breathe new life into an old fire station that sits empty beside town hall.
The Daily Progress
The proposal includes a community recreation facility, which includes exercise areas, sport courts, community meeting space and a pool expansion.
The News & Advance
Plans for renovating the clinic started with the health care nonprofit’s 2015 strategic plan, according to CEO Christina Delzingaro, but the Free Clinic held off on fundraising while the Community Health Center was being built on 5th Street.
Eastern Virginia
The Virginian-Pilot
A multi-million dollar overhaul of the Oceanfront resort area will launch in the coming months, with some major changes to be in place before next summer’s tourist season.
Inside Business
The Virginia Beach-based multifamily development and property management company plans to break ground in the summer on a 150-unit senior apartment complex at 3808 Virginia Beach Blvd.
The Virginian-Pilot
The surf park will encompass most of the land on the south side of 19th Street between Pacific and Arctic avenues, which is currently a municipal parking lot.
Inside Business
A four-story retirement apartment building that’s under construction at Little Creek Marina in Norfolk plans to open next summer, according to the firm marketing the property.
Williamsburg-Yorktown Daily
The Maine of Williamsburg will be 9,000 square feet of indoor space on a 20-acre parcel, which is part of a working a farm totaling more than 100 acres in the county.
Southwest Virginia
The Roanoke Times
The Town Council has approved the additional $700,000 needed to begin construction on a $9.8 million parking garage on the site of the old Blacksburg Middle School.
Bristol Herald Courier
On Nov. 3, Bristol, Virginia voters will decide through a referendum whether the city will allow the proposed $400 million Hard Rock Hotel and Casino resort to come to the vacant Bristol Mall.
The Coalfield Progress
In March, the city agreed to apply for $1.5 million in community development block grant dollars. The proposal included rehabilitation or substantial reconstruction of up to 14 homes, along with demolition of up to nine structures.
Southern Virginia
Martinsville Bulletin
A new study shows that Martinsville and Henry County, already losing population based on age, is on the brink of housing shortage.
SoVaNow.com
The Halifax County Industrial Development Authority says there are potentially serious environmental issues with the renovated Daystrom facility, renamed the Southern Virginia Advanced Manufacturing Center.
Shenandoah
The Northern Virginia Daily
The Front Royal-Warren County Economic Development Authority approved a short-term storage lease with ECOMNET to rent the space for three months with the option to go month-to-month.
The Winchester Star
Winchester City Council has approved a rezoning that clears the way for a major expansion of the Shenandoah Valley Westminster-Canterbury retirement community.
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