Old Dominion University Hampton Roads Real Estate Market Review and Forecast Retail Market Review 2006 Christopher E. Rouzie Senior Vice President Thalhimer Retail Review - Christopher E. Rouzie Managing Broker for Thalhimer Newport News
Specializes in Retail Site Selection for National Retailers
Recipient of the 2001, 2003, 2004 Presented by: CREC Gold Award and Top E.V. Williams Center Hampton Roads Producer for Thalhimer in 2001 and 2003 for Real Estate and Economic Development
Hampton Roads – Retail Vacancy RETAIL MARKET REVIEW 15.00% 13.11%12.83% 13.00% 11.64% 11.19% 11.00% 9.41% 9.00% 7.55%
7.00%
5.00% 2001 2002 2003 2004 2005 2006
New Projects
1 Williamsburg Williamsburg Marketcenter Marketcenter
Williamsburg Marketcenter
Windsormeade Marketplace
Windsormeade Marketplace Windsormeade Marketplace
2 Jefferson Commons
Jefferson Commons
Jefferson Commons
Patrick Henry Mall
Patrick Henry Mall
Courthouse Marketplace
3 Courthouse Marketplace Courthouse Marketplace
Berkley Commons
Berkley Commons
Berkley Commons
Edinburgh Commons
4 Edinburgh Commons Edinburgh Commons
Proposed
Cahoon Commons
Cahoon Commons
Cahoon Commons
Redevelopment
5 Mid-City Shopping Center - Portsmouth Tidewater Shopping Center - Norfolk Before
After
Crossways Center - Chesapeake Crossroads Center at Chesapeake Square - Chesapeake Before
After
Janaf Shopping Center - Norfolk Power Plant - Hampton
6 Shops at Yorktown - Yorktown Governor’s Green - Williamsburg Before Before
After After
New Town - Williamsburg
Town Centers
City Center – Newport News Coliseum Mall - Hampton
7 PeninsulaColiseum Town Mall Center - Hampton - Hampton Virginia Beach Town Center – Virginia Beach
Dean Plaza – Virginia Beach City Walk at Virginia Beach – Virginia Beach Before
Towne Place at Greenbrier - Chesapeake Harbour View Station Town Center - Suffolk
8 The Marquis
Pipeline Benn’s Grant
Bennett’s Creek The Market @ Harbor Heights
Indian River & Ferrell Pkwy. Landstown Commons Red Mill Walk Hanbury Village Mt. Pleasant Marketplace
9