CHESAPEAKE, Va., Feb. 22, 2018 /PRNewswire/ -- Summit Pointe
Realty, LLC today unveils plans for the continued development of
Summit Pointe, Chesapeake's
newest, largest and tallest urban lifestyle community. Representing
a projected investment of over $300
million of development in multiple phases, this first phase
emphasizes a new form of urban living, workplace solutions,
entertainment and shopping options.
The iconic high-rise office tower under construction at Summit
Pointe is the world headquarters for Dollar Tree, Inc.
(NASDAQ:DLTR), comprising 510,000 square feet of state-of-the-art
workspace. Scheduled for completion in the summer of 2018, this
will be the tallest office tower in Chesapeake, visible from Interstate 64. The
adjacent parking deck with public parking contains 1,500
spaces.
Uniquely designed workplaces and residences over ground floor
shops and restaurants will frame the tree-lined Belaire Avenue, a
gathering place for new entertainment and dining options in the
region. Outdoor musical events, festivals and other functions will
enliven the urban experience in the piazza nestled within the heart
of Summit Pointe.
"The Summit Pointe experience will offer workers, residents and
visitors a dynamic social environment unmatched in the region.
Upscale offices and residences, cafes, a boutique hotel choice and
unique retailers will blend together to create the Summit Pointe
experience. This is the beginning of a new downtown in Greenbrier for Chesapeake," stated Rick West, Mayor of Chesapeake, Virginia.
Additional new development will include upscale residential
communities with unequaled lifestyle amenities containing at least
600 units, over 100,000 square feet of new retail and restaurant
spaces, at least 100,000 square feet of traditional and modern
workspaces, and a boutique hotel.
"Great companies are attracted to great places. We are building
a dynamic campus environment at Summit Pointe. This project will
enable our company, the City of
Chesapeake, and the entire Hampton
Roads region to attract top-tier talent and grow the
workforce and business landscape of the future," stated
Bob Sasser, Dollar Tree's Executive
Chairman.
Summit Pointe is presently zoned to develop 1.0 million square
feet of office space, over 1,400 residences, up to 500,000 square
feet of retail space, and 250,000 square feet of hospitality and
conference space.
Contact:
Summit Pointe Realty, LLC
info@SummitPointeVA.com
Dollar Tree, Inc. (NASDAQ: DLTR)
Randy Guiler, Vice President, Investor
Relations
757-321-5284
rguiler@dollartree.com
Click here for a photo gallery.
ABOUT SUMMIT POINTE
www.SummitPointeVA.com
About Dollar Tree
Dollar Tree, Inc., a Fortune 200
Company, operates more than 14,800 stores across 48 states and five
Canadian provinces. Stores operate under the brands of Dollar Tree,
Family Dollar, and Dollar Tree Canada. To learn more about the
company, visit www.dollartree.com.
About Saunders+Crouse
Architects
www.saunderscrousearchitects.com
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SOURCE Summit Pointe Realty, LLC