• Riverview Lofts
    The former Krisp-Pak building in Fort Norfolk has been converted into 81 market-rate apartments.

  • Savoy Apartments
    Site of historic Savoy Hotel at 161 Granby Street; being developed by US Development Company

  • Belmont at Freemason
    $40 million investment; 234 apartments, located adjacent to light rail track and station

Residential projects


Norfolk Continues to Add New Housing

In 2013, appoximately $170 million in residential projects are underway with nearly 1,000 new housing units. The nature of Norfolk’s apartment market has changed drastically over the past few years, as several new residential developments reached completion. The Belmont at Freemason, 201 at Twenty-one, and River House Apartments added almost seven hundred new apartment units, and the District at ODU added over 300 additional units (and room for nearly 1,000 college students).

Promenade Pointe

Construction of this $30 million apartment community is underway. This waterfront development off Tidewater Drive is by Bonaventure, LLC, and will feature 187 dwelling units.

The Wainwright Downtown

A $26 million conversion of the historic Wainwright building. The nine-story, 83-year-old medical office tower at 229 West Bute Street has been converted to a 126-unit apartment complex with a rooftop dog-walking area, putting green and pool.

416 Boush

416small This $12 million Downtown residential project will include 71 apartments and 55 parking spaces, and will feature a pool, fitness center, and two outdoor terraces/gardens.

401 Granby

401_450This $12 million mixed use project will include 65 apartment units and 2,100 square feet of retail space. Amenities include a clubhouse, billiards room, office center, and outdoor terrace/garden.

East Beach Marina Apartments

East_Beach_Marina_450This $25 million project will include 136 apartments with 275 hidden structured parking spaces. Project amenities include a pool, clubhouse, fitness center, pier, office center, crew lounge, and public waterfront boardwalk.

Element at Ghent

The_Green_450 Element at Ghent is a new apartment complex, located at the intersection of Granby Street and 17th Street, that will include 164 apartments.

New and Recent Residential Developments




201 at Twenty-One


244 Apartments

401 Granby Street


65 Apartments

416 Boush


71 Apartments

43rd Street Townhouses

Lamberts Point near ODU

51 Townhouses

Bay Village Condos

East Ocean View

54-unit senior living condo community

Belmont at Freemason

Downtown Norfolk

234 Apartments

Broad Creek Villas

Broad Creek

12 condos and 7 townhouses

The District at ODU


307 units of apartments for ODU students

East Beach Marina Apartments

East Beach

136 Apartments

Element at Ghent


164 Apartments

Maplewoods at Olde Huntersville

Olde Huntersville

10 single-family attached homes

Meadowood Apartments


180 apartments

Monticello Station (Wells Fargo)


Mixed-use Office building with 121 Apartments

Park Crescent Apts Expansion

North Military Highway

112 additional apartments

Partrea Senior Housing Expansion

Tidewater Drive

40 additional apartments

Pointe at Pickett's Farm

Military Highway/Janaf

300 apartments

Pointe East at Harbor Walk

East Ocean View

157 Condos

Promenade Pointe

Roland Park

187 apartments

River House Apartments

Llewellyn Avenue

194 Apartments

Riverview Lofts

Fort Norfolk

81 Apartments

Savoy Apartments



Southwind Apartments

Southern Shopping Center Area

120 Apartments

Village Gardens

Lamberts Point

40-units senior housing

Wainwright Apartments


126 Apartments

Water's Edge


246 Apartments

West 26th Street Townhouses

Hampton Blvd

14 Townhouses

WestPort Commons

Depaul Hospital Area

12 Condominiums

Widgeon Point


27 Townhouses



Norfolk Investment Report 2014

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Norfolk Business Profile Data –
showcasing all the vital info.

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