Seeking Qualifications for Developers & Development Teams
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About the Military Circle Redevelopment Project
The Economic Development Authority of the City of Norfolk (EDA) invites 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 Health office building that sits on the mall’s remaining 15.5 acres and is owned by MBP, Inc.
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) will be the first phase 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 development, design, construction, financing, ownership, and management.[/vc_column_text][image_with_animation image_url=”2510″ alignment=”center” animation=”Fade In” border_radius=”none” box_shadow=”none” max_width=”50%” margin_top=”15″ margin_bottom=”15″][/vc_column][/vc_row]