Press Releases

As Originally Released
September 1, 2020

HELIX IN SUMMIT POINTE EXCEEDS AGGRESSIVE PRE-LEASING EXPECTATIONS

High-end multifamily community in Chesapeake, Va. is over 60 percent leased in two months

CHESAPEAKE, Va. – Helix Apartments, a six-story urban mixed-use community with 133 apartment homes and ground-floor restaurant/retail spaces, is the first residential community in Summit Pointe . Helix, managed and leased by Drucker + Falk, is leading the Chesapeake multifamily market in rent per square foot. In just two months of accepting applications, more than 60 percent of the apartment units have been pre-leased, and more than 100 prospects have expressed interest in the months prior to pre-leasing.

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As Originally Released
February 28, 2020

SUMMIT POINTE’S PHASE II IS ON TRACK TO OPEN THIS SUMMER

Coastal Virginia’s New Metropolitan Center Emerges in Chesapeake’s Central Business District

Chris Williams, senior vice president of Portfolio Management at Dollar Tree, Inc. (NASDAQ: DLTR), presented a progress report on Summit Pointe’s construction and development at today’s Chesapeake State of the City 2020 event hosted by the Hampton Roads Chamber. The event, led by Chesapeake Mayor Rick West, acts as an annual forum for interaction among Chesapeake’s business, civic and community leaders to discuss development initiatives and municipal progress.

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As Originally Released
October 23, 2019

SUMMIT POINTE REALTY, LLC ANNOUNCES TOPPING OUT CEREMONY FOR PHASE TWO DEVELOPMENT AT SUMMIT POINTE

Summit Pointe Realty, LLC hosted a ceremonial topping out event on Wednesday, October 23, 2019, to celebrate the completion of the steel erection for the new Block Two office tower, 555 Belaire, located on Belaire Avenue at Summit Pointe.

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As Originally Released
Jun 5, 2019

SUMMIT POINTE REALTY, LLC ANNOUNCES GROUNDBREAKING EVENT FOR PHASE TWO DEVELOPMENT AT SUMMIT POINTE

Summit Pointe Realty, LLC hosted a ceremonial groundbreaking event yesterday for Phase Two construction of the Summit Pointe mixed-use community.

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As Originally Released
April 30, 2019

SUMMIT POINTE REALTY, LLC ANNOUNCES DEVELOPMENT UPDATES AT CHESAPEAKE STATE OF THE CITY 2019 EVENT

Summit Pointe Realty, LLC has presented an update of construction and development progress at the State of the City 2019 event hosted by the City of Chesapeake Virginia on April 30, 2019. The event, presented by Chesapeake’s Mayor Rick West, acts as an annual forum for interaction among Chesapeake’s business, civic, and community leaders to discuss business development initiatives and municipal progress updates, among other topics.

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As Originally Released
January 24, 2019

SUMMIT POINTE REALTY, LLC ANNOUNCES PHASE TWO DEVELOPMENT IS UNDERWAY AT SUMMIT POINTE

Summit Pointe Realty, LLC announced today that development of the first three blocks of Phase Two of their $300 million urban mixed-use community is now underway. Phase Two, with an estimated investment of $150 million to $175 million, will break ground in February 2019 on the first 133 units of 700 total urban living units with ground floor retail space as well as a six-story, 150,000 square-foot office building featuring a complementary ground floor restaurant and retail spaces.

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As Originally Released
April 17, 2018

SUMMIT POINTE REALTY, LLC SELECTS CBRE|HAMPTON ROADS AS LEASING PARTNER FOR RETAIL AND OFFICE PRODUCT AT SUMMIT POINTE

Summit Pointe Realty, LLC announced today that it has selected CBRE|Hampton Roads (CBRE) to lease the office and retail components of Summit Pointe, a new mixed-use development in the Greenbrier area. CBRE will provide development consultation and leasing services for Class A office space and retail and restaurant space. Summit Pointe is presently zoned to develop 1.0 million square feet of office space and 500,000 square feet of retail space.

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As Originally Released
April 4, 2018

SUMMIT POINTE REALTY, LLC SELECTS DRUCKER + FALK TO MANAGE 500 URBAN LUXURY APARTMENTS AT SUMMIT POINTE

Summit Pointe Realty, LLC announced today that it has selected Drucker + Falk to manage the first phase of urban luxury apartments at Summit Pointe, a new mixed-use center development in Greenbrier. Drucker + Falk will provide multifamily development consultation and leasing and property management services for the planned apartments.

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As Originally Released
February 22, 2018

A New $300 Million Urban Mixed-Use Center Comes to Greenbrier

Summit Pointe Realty, LLC today unveils plansfor 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.

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IN THE NEWS

Helix in Summit Pointe Exceeds Aggressive Pre-Leasing Expectations

CHESAPEAKE, Va., Sept. 1, 2020 /PRNewswire-PRWeb/ — Helix Apartments, a six-story urban mixed-use community with 133 apartment homes and ground-floor restaurant/retail spaces, is the first residential community in Summit Pointe. Helix, managed and leased by Drucker + Falk, is leading the Chesapeake multifamily market in rent per square foot.

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Number of the week in Hampton Roads business – 900,000

That’s about how much square feet of office space is expected to be built this year in Hampton Roads, according to Scott Adams, president of Colliers Virginia, the commercial real estate brokerage firm.

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Chesapeake’s New Metropolitan Center Expected to Open This Summer

Summit Pointe, Coastal Virginia’s newest metropolitan center and lifestyle community, is emerging in Chesapeake’s Central Business District as completion of Phase II of the development is expected this summer.

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Dollar Tree is building a new downtown for Chesapeake at its corporate headquarters

It sounds downright glorious: living in “urban” Chesapeake at the new Helix apartments, part of a “dining and shopping mecca” mere steps from one’s workplace on Belaire Avenue, a name that conjures visions of a tony neighborhood in California.

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Those who build enhance Hampton Roads’ quality of life | 2019 Power List

Hampton Roads is home to developers and investors who work to shape the region’s cityscapes and assets, influencing both residents’ quality of life and the ability to attract new businesses and jobs.

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Dollar Tree, Summit Pointe project enters second phase

Much like Dollar Tree’s 320,000-square-foot, 12-story glass office tower that overlooks the Greenbrier community, news about the ongoing Summit Pointe development project seemed to add some luster to the Chesapeake state of the city event April 30.

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The tallest building in Chesapeake is almost done. What else is Dollar Tree planning?

Chesapeake’s newest – and tallest – tower is hard to miss. Visible from Interstate 64, it means Dollar Tree is growing. And that’s only the beginning, said Bob Sasser, executive chairman of Dollar Tree’s board.

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Summit Pointe Realty Unveils $300M VA Mixed-Use Project

The company is developing a 510,000-square-foot world headquarters campus for Dollar Tree in Chesapeake, as part of the Summit Pointe master plan, which calls for as much as 1 million square feet of office space, more than 1,400 residences, 500,000 square feet of retail space and 250,000 square feet of hospitality and conference space.

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The buzz is building around Chesapeake’s Summit Pointe complex

Mayor Rick West says the mixed-use complex that will be Dollar Tree’s new headquarters will be exciting and transformational for the region. West praised the project known as Summit Pointe in Thursday’s State of the City Address, and welcomed Dollar Tree’s executive chairman Bob Sasser to make his own presentation.

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HEAR WHAT PEOPLE ARE SAYING ABOUT US

Chesapeake’s leaders in business are excited about Summit Pointe, the announcement of Dollar Tree’s latest campus and Chesapeake area accolades.

BobSasser    

Bob Sasser
Executive Chairman
Dollar Tree, Inc.

Dollar-Tree-Logo

Mayor Rick West    

Mayor Rick West
City of Chesapeake

Chesapeake-Logo

James E. Baker    

James E. Baker
City Manager
City of Chesapeake

Chesapeake-Logo

StevenWright    

Steven Wright
Director of Economic Development
City of Chesapeake

Chesapeake EDA

BurrelSaunders-ChrisWilliams    

Burrell Saunders
Architect
Urban Planner
Saunders + Crouse Architects
Chris Williams
Vice President
Portfolio Management
Dollar Tree, Inc.

Construction Update

Located in the dynamic Greenbrier business community of Chesapeake, VA, Summit Pointe is the newest large-scale, mixed-use community centrally located within Coastal Virginia. Summit Pointe has already become a premier office location with the recent completion of the 510,000-square-foot, high-rise office tower for Dollar Tree, Inc (NASDAQ: DLTR) in Phase One.

Representing a projected investment of over $300 million in multiple phases, Phase Two emphasizes a new form of urban living, workplace solutions, dining, entertainment venues and shopping options. The construction in Phase Two began in June 2019, with the first living units, retail and office spaces delivered in mid-2020.

As construction continues you can keep track of the progress by viewing the images and video feed below: