The Town Center of Virginia Beach is the heart of a new, mixed-use Main Street-style development and is the home of the city’s cultural, business and retail activities. Spanning more than 17 city blocks, The Town Center provides a mix of upscale retail, luxury residential, Class A offices, business-class hotels, an array of restaurants, a new 40-story deluxe Westin Hotel and Residences along with The Sandler Center for Performing Arts.
Armada Hoffler Tower and The Westin, landmarks in the region, are visible throughout Hampton Roads and are the tallest buildings in Virginia. At full capacity, The Town Center will have a living and working population of more than 24,000. The Town Center offers more than 3,200 free public parking spaces in several covered garages, surface lots and on-street. Patrons enjoy free concerts and entertainment from the spacious, tree-shaded fountain plaza and many overlooking sidewalk cafes.
This conveniently located project in Asheville, N.C., off Interstate 26 in the Blue Ridge Mountains, is a wonderful, energetic mix of housing options, a variety of restaurants, entertaining retail lineup, hotel and office space in a compact, walkable environment. Shoppers will love the vibrancy of residences above shops and the great sense of scale evoked by a landscaped, green esplanade running from the YMCA to the theater as well as hardscaped outdoor-dining plazas.
Residents will enjoy working out at the YMCA, walking home to unwind, then deciding whether to head downstairs to peruse the books at Barnes & Noble, have dinner at P.F. Chang’s, or stroll to the movies. All of Asheville will revel in this combination of retail and restaurants, several of which are new to the market.
Sherwin-Williams renews DC lease
Princeton, N.J. NAI Global said Wednesday that NAI member firms in Dallas and St. Louis combined to represent The Sherwin-Williams Co. in the renewal and extension of its largest leased facility, a 1.2 million-sq.-ft. regional distribution center in Effingham, Ill.
Thomas Lynn, president of corporate services at NAI Robert Lynn, Dallas, negotiated the lease after an exhaustive process during which build-to-suits in several surrounding cities in Illinois and Indiana were considered. Lynn was able to secure facility improvements and economic incentives that will net Sherwin-Williams multi-million-dollar savings over the term of the lease. The transaction has an aggregate value in excess of $20 million. The three-building complex is owned by a private out-of-state investor.
Faith Hope Consolo Earns “Top Commercial Agent-GCI” Award
Faith Hope Consolo, chairman of Prudential Douglas Elliman’s Retail Leasing and Sales Division, was recognized by Prudential Real Estate Affiliates, Inc. as the “Top Retail and Commercial Agent – GCI” winner nationwide for her tremendous deal volume in the second quarter of 2008. This is the 14th consecutive quarter for which Consolo has received this distinction, having joined the firm in 2005.
“I am very proud to consistently rank at the top of Prudential’s distinguished roster of dealmakers,” said Consolo. “Throughout my rewarding career in retail sales and leasing, I have enjoyed not only bringing new trends to the city, but also transforming neighborhoods.”
Since joining Prudential Douglas Elliman, Consolo has assembled a dynamic, multitalented team to provide comprehensive retail leasing and sales expertise to an array of tenants and landlords, both nationally and internationally.