Old Dominion University Hampton Roads Real Estate Market Review and Forecast
2006
Retail Market Review
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
CREC Gold Award and Top
Presented by:
E.V. Williams Center for Real Estate
Hampton Roads Producer for Thalhimer in 2001 and 2003
and Economic Development
Hampton Roads – Retail Vacancy
15.00%
RETAIL MARKET REVIEW
- 12.83%
- 13.11%
13.00%
11.00%
9.00% 7.00% 5.00%
11.64%
11.19%
9.41%
7.55%
2001 2002 2003 2004 2005 2006
New Projects
1
Williamsburg Marketcenter
Williamsburg
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 Crossways Center - Chesapeake Janaf Shopping Center - Norfolk
Tidewater Shopping Center - Norfolk
Crossroads Center at Chesapeake Square - Chesapeake
Power Plant - Hampton
Before
After
Before
After
6
- Shops at Yorktown - Yorktown
- Governor’s Green - Williamsburg
New Town - Williamsburg Coliseum Mall - Hampton
- Before
- Before
After
After
Town Centers
City Center – Newport News
7
- PeninCsoulilsaeTuomwMnaCllen- Htearm- pHtaomnpton
- Virginia Beach Town Center – Virginia Beach
City Walk at Virginia Beach – Virginia Beach Harbour View Station Town Center - Suffolk
Dean Plaza – Virginia Beach
Before
Towne Place at Greenbrier - Chesapeake
8
The Marquis
Pipeline
Benn’s Grant
Bennett’s Creek
The Market @ Harbor Heights
Landstown Commons
Indian River & Ferrell Pkwy.
Red Mill Walk
Mt. Pleasant Marketplace
Hanbury Village
9