Volvo Pkwy, Chesapeake, VA

Summit Pointe is a $300 million mixed-use project located in the Greenbrier retail submarket of coastal Virginia. The development includes residential, office, and retail offerings, featuring restaurants and stores. The project is located near Class A office space and regional corporate headquarters, with access to interstate traffic via two I-64 interchanges. The project size is 69 acres, serving a trade area of over one million people and 375,000 households. Phase I, including the Dollar Tree Inc. headquarters and a 1,500-car garage with free public parking, is complete. Phase II, featuring retail, residential, and office spaces, was completed in October 2020. Phase III, which includes retail, residential, and additional structured parking, will be completed in Spring 2023. Phase IV is in the planning stages. The project has visibility from I-64 and interstate access via Battlefield Boulevard and Greenbrier Parkway interchange, with signalized access to Volvo Parkway. Zoning allows for 500,000 square feet of retail space, with street-front retail and restaurant space available for lease, as well as anchor locations and opportunities for entertainment and experiential uses. There is zoning for 1,000,000 square feet of office space, anchored by the 510,000 square foot Dollar Tree Inc. headquarters. Approximately 150,000 square feet of Class A office space and ground floor retail space is now leasing. Zoning also allows for over 1,400 residential units, with initial phases containing approximately 250 multi-family units.