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![]() Seaside Harbor offers units with rents that are affordable to residents earning a range of incomes below the area median income (AMI). The Lawson Companies and Samaritan House have used several strategies to make Seaside Harbor an inclusive development. ![]() Seaside Harbor’s neighborhood also includes the ViBe Creative District, which has invited Seaside Harbor residents to participate in several art projects. Seaside Harbor staff also help residents connect with neighbors in the surrounding area, where numerous opportunities for employment in the hospitality and service industries are located. To better achieve equity within the building, residential units and common areas were designed with accessible features, and residents can take advantage of multiple services that foster interaction with others and develop independent living skills. The organizations sought to create an inclusive community where all residents feel welcome and empowered to actively participate in the broader community. The two organizations agreed to redevelop the 50,000-square-foot site as Seaside Harbor Apartments, an affordable, stable home for people with disabilities and lower-income households. In 2016, the Lawson Companies, a vertically integrated development company working primarily in southeastern Virginia, purchased an obsolete apartment complex in Virginia Beach from Samaritan House, a nonprofit serving persons experiencing homelessness and domestic violence. Virginia Beach, Virginia: Seaside Harbor Apartments Foster Inclusiveness Inside and Out Home > Case Studies > Virginia Beach, Virginia: Seaside Harbor Apartments Foster Inclusiveness Inside and Out Addressing Homelessness with a Tiny-Home Village in Olympia, Washington.San Francisco, California: Inclusionary Zoning Expands the Below-Market-Rate Housing Stock.Norfolk, Virginia: Building Sustainable Affordable Housing.Greenville, Mississippi: Reserves at Gray Park Adds Affordable, Energy-Efficient Housing on Underutilized.Chandler Boulevard Tiny Homes Village, Los Angeles, California.Builds Transitional Housing in the Southwest Waterfront Neighborhood Jefferson, North Carolina: Adaptive Reuse of a Historic Hospital Preserves a Community Asset.Durango, Colorado: A City Land Donation Paves the Way for In-Demand Affordable Senior Housing.An Affordable Artist Community in Chicago, Illinois.Columbus, Ohio: Choice Neighborhoods Initiative Fuels Redevelopment of Historic Public Housing.Healthy Beginnings at Home Explores a Novel Approach to Reducing Infant Mortality in Columbus, Ohio.Achieving Lead Safe Housing in Cleveland.A Model for Community-Based Policing in Pittsburgh.Quality mix of government, medical, and executive office suite tenants. Strong and stable history of occupancy and performance ![]() The average rents for Class A space is currently $22.42 per square foot.Ĭollege Park Executive Center represents a unique opportunity to acquire a stable investment in an excellent location with great upside potential.Ĭonvenient location 1/2 mile from Indian River Road exit of I-64 New developments include Summit Pointe in Chesapeake, which will deliver 150,000 square feet of Class A space in October 2020. The Norfolk office market continues to remain strong with an 11% overall vacancy rate. The average full service market rent for South Norfolk is $17.29 per square foot. This submarket consists of 534,807 square feet of office space and has a vacancy rate of 5%. Four of these tenants have occupied space in the building for the last decade.Ĭollege Park Executive Center is located in the South Norfolk submarket. ![]() The property is located in the College Park area which provides convenient access to interstates, shopping, banking, and medical facilities. The building was constructed in 1975 and is 100% leased to five tenants. This Class B two story, office building contains 20,180 rental square feet. Colliers International has been retained as the exclusive representative for the sale of College Park Executive Center in Virginia Beach, Virginia.
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