Armada Hoffler Fills the Gap for Virginia Beach’s Central Business District

A 19-year collaboration between Armada Hoffler Properties, Inc. (NYSE: AHH) and the city of Virginia Beach has turned vacant land into a vibrant cultural and business hub—realizing a goal that city officials have had for the area since the 1970s.

This summer, Armada Hoffler put the finishing touches on Phase VI of its multi-decade development of Virginia Beach Town Center, the city’s mixed-use central business district (CBD). The latest additions to the project include an additional 39,000 square feet of retail space, 130 residential units, and an open-air elevated public plaza with a pedestrian bridge connecting to a parking garage. The city will also unveil the Zeiders American Dream Theater, a 17,000-square-foot, 310-seat experimental nonprofit theater for emerging artists with a focus on local talent.

“It will offer an up-close experience of unique forms of cultural expression in the heart of Town Center,” explains Warren Harris, director of economic development for Virginia Beach.

Harris describes the long-term public-private partner-ship between Armada Hoffler and Virginia Beach as a “win-win-win for the city, Armada Hoffler, and the community at large.”