NORFOLK, VA - The Economic Development Authority of the City of Norfolk (EDA) is inviting qualified local, regional, and national real estate developers and their development teams to submit their qualifications for consideration to lead the redevelopment of Military Circle Mall, an under-performing asset in the City of Norfolk.
The approximately 935,000 square-foot mall, its parking lots and out parcels occupy 74 acres at the crossroads of two interstate highways in the heart of the Hampton Roads region. It is the EDA’s intent that Military Circle be transformed into a mixed-use corporate center, with multi-family residential, community-serving retail and other amenities that will revitalize the commercial corridor in which it sits. The office development will be undertaken in consideration of an existing 200,000 square-foot Optima and Sentara Health office building that sits on the mall’s remaining 15.5 acres.
The successful development team will have experience with large, mixed-use (office, retail, hotel, residential, etc.) redevelopment projects, that promote community health and wellness, and which have been catalysts for stimulating economic growth and revitalization.
Submissions to this Request for Qualifications (RFQ) is the first step of a two-phase selection process. The RFQ is intended to pre-qualify respondents who will then be invited to submit proposals for the project.
For more information and to view the RFQ, visit NorfolkDevelopment.com.
About the EDA The EDA is a political subdivision of the Commonwealth of Virginia created by the City to acquire, own, lease and dispose of properties to promote industry and induce businesses to locate and remain in Norfolk. The EDA is authorized to issue revenue bonds to finance facilities for non-profits, manufacturers, and businesses in an Enterprise or Empowerment Zone. Neither the EDA nor the City have any liability under the bonds. Liability is assumed by the enterprises for which the facilities are constructed.