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Norfolk
No doubt about it — Norfolk's
hot — and we're celebrating with a development-friendly
urban attitude. To appreciate where we are going, here's
where we've been: over $5 billion in the past five years
of investment is under way or completed. Home of the
world's largest naval installation and headquarters
for NATO's Supreme Allied Commander Transformation.
As home to Virginia's opera, stage company, symphony
and ballet plus the region's hip restaurant and visual
arts scene, we'll keep you cultured and entertained,
too.
Greater Downtown's Growing Skyline
What's new on the horizon? Norfolk's state-of-the-art
Cruise Ship Terminal, Trader Publishing's Electronic
Media headquarters, Harbor Height's mixed-use tower,
Granby Tower's 31 stories of luxury condominiums, and Harbor's Edge Continuing
Care Retirement Center neighboring the Sentara Heart Hospital in Fort Norfolk — for
starters. Adjacent to our downtown core are two waterfront areas ripe for exciting
new development. The proposed light rail system will connect the region's dynamic
cultural, educational, business, medical, technological and lifestyle assets.
Come Home To Norfolk's Lifestyle
Over 4,000 housing units are in progress — 2,500 in greater downtown alone.
There is amazing new residential product and amenities along Norfolk's Chesapeake
Bay and marina-filled river waterfronts. East Beach in Ocean View features 750
homes and has been chosen as the site of this year's Coastal Living magazine's
Idea House. The Broad Creek community will be adding 900 "smart" units
of mixed-income housing near Norfolk State University's 25-acre R.I.S.E.
Center tech park. A proposed $90 million Kroc Foundation/Salvation Army Performing
Arts Center could be open as early as 2008.
Two new office/office flex parks are under construction with a dozen building
choices located within Central Business and Church Street Office parks. Old Dominion
University's University Village offers new office and research facilities, restaurants,
shopping and residential space adjacent to the Constant Convocation Center, the
new Lambert's Point Golf Course and a five-mile population radius of over 251,000.
Business & Industry
Highlights
In 2005, Forbes magazine ranked Norfolk's metro area
as the eighth-best location for business and
careers. Inc. magazine ranked our area No. 13
for job growth.
Norfolk International Airport has enjoyed a passenger increase of 24
percent
in just five years. Transportation greats Norfolk Southern and Ford Motor
Co., were joined by the French CMA CGM this year — as one of the
world's largest shipping lines opened its North American headquarters.
By 2010, Norfolk
International
Terminals should be the largest intermodal center on the east coast.
Assistance
Our economic development specialists look forward to assisting you. Norfolk has
special districts offering empowerment, enterprise and HUBZone incentives. Tax
abatement rehabilitation programs for residential, commercial and industrial
properties; small area aesthetic improvement grants and more. |
