CHESAPEAKE, Va., Feb. 28, 2020 /PRNewswire/ -- Chris
Williams, senior vice president of Portfolio Management at Dollar
Tree, Inc. (NASDAQ: DLTR), presented a progress report on Summit
Pointe's construction and development at today's Chesapeake State of the City 2020 event hosted
by the Hampton Roads Chamber. The event, led by Chesapeake Mayor
Rick West, acts as an annual forum
for interaction among Chesapeake's business, civic and community
leaders to discuss development initiatives and municipal
progress.
Summit Pointe is Coastal Virginia's newest metropolitan center
and lifestyle community. It is located on 69 acres in Virginia's second most populous city and in
the middle of Chesapeake's thriving Central Business District. When
complete, Summit Pointe will include more than one million square
feet of office space, up to 500,000 square feet of retail space,
approximately 250,000 square feet of hospitality and conference
space, and 1,400-plus residences. Development is underway in three
Phases, with Phase One completed.
Phase One includes Dollar Tree's 12-story state-of-the-art
office tower that comprises 510,000 square feet and is the tallest
building in Chesapeake. Dollar
Tree is the region's largest Fortune 135 company. The offices
opened in 2018, adding more than 1,000
Dollar Tree employees to the area and bringing the total to
1,900. As part of the Dollar Tree Store Support Center campus, a
new 1,500-car parking deck is scheduled for completion this
year.
"As a Chesapeake native, I am excited about the progress thus
far and am especially pleased to report that Summit Pointe's Phase
Two is on schedule to open this summer," said Williams. "At Dollar
Tree, we are proud to welcome businesses from across the world
every day to our Store Support Center and introduce them to Coastal
Virginia's newest metropolitan center."
Phase One and Two represent an investment of more than
$330 million. Phase Two features
Helix, Summit Pointe's first residential community, and 555
Belaire, an office tower.
Helix, located at 1501 Summit Pointe Drive, is six-stories with
133 apartment homes above street-level retail and restaurants.
Helix residents will enjoy a concierge lifestyle with unparalleled
amenities and luxury finishes in one-, two-, and three-bedroom
options. Helix has already generated tremendous interest, and the
first residents will move in this summer. Marketing and leasing are
being handled by partners Drucker + Falk.
555 Belaire is an unrivaled six-story, 150,000-square-foot
office tower with creative architectural spaces nestled between
Volvo Parkway and Belaire Avenue. The building has five levels of
office space with a distinctive multi-story lobby and engaging
street-level retail and restaurant spaces. Inviting outdoor parks
and plazas will enhance the Phase Two development to encourage
active community involvement. Completion and occupancy of 555
Belaire are also expected in summer 2020. Colliers International
handles the office and retail leasing efforts.
"As we move into the summer, we invite you to visit and
experience Summit Pointe," added Williams. "This project will not
only create a new and modern regional destination, but will also
enhance the Dollar Tree campus for the benefit of our
associates."
Media Contact
Cindy
Mackey, 757-754-4553, cmackey@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
