CLASS A MIXED-USE DEVELOPMENT FOR LEASE/SALE
East Beach | Phase 7 Norfolk, VA
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
Cushman & Wakefield | Thalhimer © 2015. No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
For more information, contact:
ERIC STANLEY Vice President 757 499 2739 [email protected]
TROY PARKER Principal Broker | Partner Parker Burnell Real Estate Group 757 222 0111 [email protected]
The Town Center of Virginia Beach 222 Central Park Ave., Suite 1820
Virginia Beach, VA 23462 www.thalhimer.com
Retail Opportunity on Shore Drive and the Chesapeake Bay | Site Work is Underway!
CLASS A RETAIL SPACE AVAILABLE – NOW PRELEASING/PRESELLING
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
Summary of Available Space – Q1 2020 Delivery
Village Square - Building 1 +/-564 SF – 4,906 SF Retail Space
Village Square - Building 2 +/-1,069 SF – 5,361 SF Retail Space
Village Square - Building 3 +/-3,884 SF 5,000 SF Retail Space
Village Square - Building 4 +/-4,067 SF Retail Space
Signature Buildings - Building 5 +/-720 SF – 2,736 SF Retail Space
Signature Buildings - Building 6 +/-672 SF – 2,656 SF Retail Space
Signature Buildings - Building 7 +/-672 SF – 2,656 SF Retail Space
Signature Buildings - Building 8 +/-672 SF – 2,656 SF Retail Space
Signature Buildings - Building 9 Fully Leased - 7,600 SF Vet Clinic
Opportunity Awaits | East Beach Living
• East Beach is a traditional designed waterfront community in
Norfolk built in the tradition of Atlantic Coastal villages. Located
right on the Chesapeake Bay, just a 15 minute drive to
downtown Norfolk and Town Center Virginia Beach - the major
employment centers – and in close proximity to the entrance of
the Little Creek Joint Expeditionary Base. In addition to the
existing mixed-use waterfront neighborhood that features a
variety of condominiums, townhomes, shops, and restaurants
alongside the marinas, the final phase of the East Beach
community is ready to launch along Shore Drive featuring
ground floor retail and office space with residential units above,
designed to bring the convenience of urban living into the
neighborhood and nearby community.
• Now preleasing and preselling the ground floor retail
• Mixed-use buildings with high end condos/apartments above
ground floor retail
• Construction to start Q1 2019
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
Population
Estimated 2017 Population 67,243
Projected 2022 Population 68,540
Daytime Population (Employees) 20,745
Education: College Degree+ 62%
White Collar Employment 55%
Median Age 34
Trade Area Demographics (45-Minute Drive Time)
Households
Estimated 2017 Households 27,466
Projected 2022 Households 27,996
Est. Average Household Income $62,129
Projected Avg. Household Income $70,484
Est. Average Home Value $277,166
Projected Avg. Home Value $314,613
Average Yearly Expenditure
Total Retail $46.9 M
East Beach is a master planned “golf-cart community” with some of the highest priced homes per square foot in Norfolk and home to over 700 residences
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
Village Square – Building 1 & Building 2
Available SF +/-564 – 5,361 SF
Conceptual Restaurant Layout #1 • +/-1,924 SF Seating Area
• +/-900 SF Kitchen Area
• +/-1,000 SF Courtyard Area
Conceptual Restaurant Layout #2 • +/-2,681 SF Seating Area
• +/-1,264 SF Kitchen Area
Conceptual Floor Plan
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
Village Square – Building 3
Available SF +/-3,884 SF (Expandable to 5,000 SF)
Conceptual Floor Plan
Class A street-level retail & restaurant space is available at East Beach
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
Village Square – Building 4
Available SF +/-4,067 SF
Conceptual Floor Plan
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
Village Square – Building 5
Available SF +/-720-2,736 SF
Conceptual Floor Plan
East Beach is home to a built-in customer base of 500 high end single family homes, and 700 dwelling units in total. Next door, Bay Breeze Point, Bay Point Condos, and nearby apartments on Pretty Lake Avenue bring the total population on the East Beach Peninsula to over 1,000 residences.
CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE
East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518
Village Square – Building 6, 7 & 8
Available SF +/-672-2,656 SF
Conceptual Floor Plan
East Beach has excellent walkability, tree-lined streetscape, sidewalks & breezeways
CLASS A MIXED-USE DEVELOPMENT FOR LEASE/SALE
East Beach | Phase 7 Norfolk, VA
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
Cushman & Wakefield | Thalhimer © 2015. No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
For more information, contact:
ERIC STANLEY Vice President 757 499 2739 [email protected]
TROY PARKER Principal Broker | Partner Parker Burnell Real Estate Group 757 222 0111 [email protected]
The Town Center of Virginia Beach 222 Central Park Ave., Suite 1820
Virginia Beach, VA 23462 www.thalhimer.com
Trade Area household
income between
$50,000 - $74,999
2017 percentage of the population
between the ages of 25 – 34 year old.
20.2%
Source: Regis Pro/Sites USA 2017 Estimates
2017 Average Household
Income
$62,129 18.4%
2017 percentage of the population
between the ages of 55-64 year old. 11.6%
Class A ground-floor retail space with excellent walkability & access, & ample surface lot parking
Affluent residents of East Beach are without ample
retail options and need more service-oriented retailers
including restaurants