TFJG included in a group of major developers competing for Military Circle redevelopment

by Jan 5, 2021Recent News0 comments

Heavy hitters — including Pharrell — will vie to redevelop Military Circle. Could an arena be in the cards?

An aerial view of Military Circle Mall in Norfolk on Tuesday, January 5, 2021. (Stephen M. Katz/The Virginian-Pilot)

 

Article courtesy of  https://www.pilotonline.com/

 

NORFOLK — Four competing groups — comprised of major developers, entertainment figures and arena operators — have been shortlisted by the city of Norfolk to redevelop Military Circle, officials said Tuesday.

The city envisions new homes, shopping, hotels, restaurants and offices to revitalize the area. And many of the groups vying to carry out the overhaul have experience that suggests another element not specifically mentioned in the city’s plans: an arena.

Last fall, Norfolk put out a call for developers to help make the city’s vision a reality: a mixed-use development built around the bones of the old mall and tied into the light rail system.

The long-discussed redevelopment has been kicked into full gear over the last year, as the city has acquired property and sought teams of developers and architects that thought they could do the work.