CHESAPEAKE, Va., June 5, 2019 /PRNewswire/ -- Summit Pointe
Realty, LLC hosted a ceremonial groundbreaking event yesterday for
Phase Two construction of the Summit Pointe mixed-use
community.
In attendance were Executive Chairman of Dollar Tree, Inc.
(NASDAQ: DLTR) Bob Sasser,
Chesapeake Mayor Rick West, Chesapeake EDA Assistant Director
Ben White, Chesapeake City Manager James Baker, Vice President of Portfolio
Management of Dollar Tree, Inc. Chris
Williams, Corporate Counsel - Real Estate of Dollar Tree,
Inc. Christian Chiles, SCA
Architects Partner Burrell Saunders, Director Facilities &
Special Projects of Dollar Tree, Inc. Bob
Gantt and Archway Advisor President Paul Kreckman.
The groundbreaking event opened with remarks from Bob Sasser, who spoke about the progress made at
Summit Pointe thus far, as well as his vision for the future of the
community. Sasser spoke about the development at Summit Pointe,
saying "This is a tremendous opportunity and an exciting time to be
part of the Greenbrier Community."
Summit Pointe has already begun to grow with the completion and
occupancy of the Dollar Tree tower and surrounding campus,
completed in Phase One of the development.
Mayor Rick West also spoke,
giving his perspective on the benefits that Summit Pointe will
bring to the region. Mayor West discussed the benefits of the
community, saying "the Summit Pointe project has the combined
ability to attract new companies, providing new and higher paying
jobs, and infusing additional tax revenue to keep pace with
world-class cities and infrastructure."
The event concluded with a groundbreaking on the site of the
future Helix apartment community which will feature 133 living
units over ground-level retail and restaurant spaces. Across
Belaire Avenue work is also underway for the construction of the
six-story class A+ office building: 555 Belaire. With the
conclusion of this event, construction has officially begun on the
first two blocks of Phase Two development at Summit Pointe.
Construction on the Helix living community and 555 Belaire
office building is scheduled to be completed in early 2020, with
construction on other new living communities, retail locations, and
office spaces to begin in late 2019. Both new buildings will
feature access to unparalleled amenities and stunning views along
Belaire Avenue.
Summit Pointe is Coastal Virginia's newest urban lifestyle
community. Phase Two of development represents an investment of
roughly $150 million to $175 million of this $300
million mixed-use development. Summit Pointe is presently
zoned to develop one million square feet of office space, more than
1,400 residences, up to 500,000 square feet of retail space, and
approximately 250,000 square feet of hospitality and conference
space.
Contact:
Summit Pointe Realty, LLC
info@SummitPointeVA.com
About Summit Pointe Realty, LLC
Summit Pointe Realty,
LLC oversees the planning, development and leasing operations
at
Summit Pointe in Chesapeake,
Virginia.
VISIT SUMMIT POINTE WEBSITE:
SummitPointeVA.com
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SOURCE Summit Pointe Realty, LLC