Summit Pointe Realty, LLC Announces $68 Million Mosaic
507,495 SF of luxury apartments, restaurants, shops and parking garage
CHESAPEAKE, Va. – March 25, 2021 – Summit Pointe Realty, LLC will break ground next week on Mosaic, the next mixed-use multifamily community in Chesapeake’s metropolitan center. The latest effort launches $68 million of new construction that includes 507,495 square feet of luxury apartments, restaurants, shops and a public parking garage.
Summit Pointe, located on 69 acres in Chesapeake’s Central Business District along Volvo Parkway, is being developed in three distinct phases. Mosaic, comprising two acres, is a continuation of Phase 2, which also includes Helix, the fully leased lifestyle community with 133 residences, and 555 Belaire, a five-star office building.
“During 2020, not only did we complete our first residential and office buildings, we also completed Summit Pointe’s second 1,500-car parking garage, which opens one week from today,” said Chris Williams, senior vice president with Summit Pointe Realty, LLC. “Office tenants are open and additional office tenants are being signed. New restaurants are under construction, with several more significant announcements coming very soon.”
Mosaic is a 212,728-square-foot luxury apartment tower with six floors. The building will offer 270 one-, two-, and three-bedroom residences with French-style and full balconies overlooking a dramatically designed interior courtyard. Eight residences are designed as two- story lofts with street-level access. The courtyard amplifies an urban lifestyle with a resort-style swimming pool, lap pool with infinity edge, cabanas, firepits, dog walk and dog-wash station.
Encompassing a full city block with a focal point at the corner of Belaire Avenue and Summit Pointe Drive, Mosaic will be the second lifestyle community at Summit Pointe to combine beautifully designed floor plans with a distinctive amenity package that also includes a clubhouse, fitness center and concierge services.
“We are elated to be on the team with Summit Pointe Realty and to have the continued opportunity to be a part of all of the exciting development happening in Chesapeake,” said Wendy Drucker, managing director, Drucker + Falk. “After breaking records during the Helix Apartments lease up, we know that the current and future residents of Chesapeake are anxiously awaiting the ability to move into Mosaic at Summit Pointe!” More than 30,000 square feet of street-level retail and restaurant spaces will create a lively environment for residents, tenants and visitors. An imbedded 515-car public parking garage comprising 185,000 square feet will also be developed as part of Mosaic. Construction will commence April 1, and delivery of the first residential and commercial spaces is anticipated in mid 2022.
A signature restaurant is planned at the intersection of Belaire Avenue and Summit Pointe Drive to complement the other unique restaurants being created on the other corners of this intersection. The street-level space will include a colonnade with a plaza and outdoor dining.
Summit Pointe is Coastal Virginia’s newest $330 million metropolitan center and lifestyle community, located on 69 acres in Virginia’s second most populous city. When complete, Summit Pointe will include more than one million square feet of office space, up to 500,000 square feet of retail space, approximately 250,000 square feet of hospitality and conference space, and 1,400-plus residences. Development is underway in three phases, with Phase One completed and Phase Two at the midpoint of its development. Completion and occupancy of Helix, the first apartment building with 133 residences, was achieved in summer 2020. 555 Belaire, a six-story, 150,000-square- foot office building, was completed in early 2021 and is ready for occupancy. Wasserhund Brewing Company will open this summer, and First Watch has announced plans for a freestanding restaurant that will open in 2022. For more information, visit summitpointeva.com.
Media Contact
Cindy Mackey, 757-754-4553, cindymackey@cox.net
About Summit Pointe Realty, LLC
Summit Pointe Realty, LLC oversees the planning, development and leasing operations at Summit Pointe in Chesapeake, Virginia.
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World-class Coffee with a Dollop of Patriotism | 05.17.21
Summit Pointe is pleased to announce that Pale Horse Coffee will open with its second location at 570 Belaire Avenue this fall. Veterans Don Wingard (Navy – 30 years), Mike Vecchione (Coast Guard – 20 years) and Gray Livingston (Air Force – 21 years) opened the first Pale Horse Coffee location at 1296 South Battlefield Blvd. in Chesapeake, and the business has exceeded expectations ever since. We look forward to enjoying a multitude of single-origin coffees in addition to a full line of flavored coffees. The beans, sourced from all over the world, are roasted locally, and Pale Horse Coffee is one of the only air roasters in Virginia.
Growing Roster at 555 Belaire
Leases and Expansion Total 34,911 Square Feet
The stunning 555 Belaire is attracting a lot of attention and new office tenants. We are pleased to welcome two new businesses that have joined the expanding roster. MAP Communications and its new subsidiary Posh Virtual Receptionists have leased 28,813 square feet on the 6th floor of 555 Belaire. Founded in 1990, MAP is a nationwide provider of inbound call center solutions and virtual receptionist services, and Summit Pointe will serve as the company’s new headquarters. ReavesColey PLLC leased 5,098 square feet on the 3rd floor. The law firm has 14 attorneys and specializes in government contracts, corporate transactions, mergers and acquisitions, patents and intellectual property, construction, employment, international trade, litigation and estate planning and administration. These tenants will join the first tenant to occupy the building, Davis Law PLC, that initially leased 3,000 square feet of office space on the 3rd floor and has also executed an expansion amendment for an additional 1,000 square feet. Davis Law PLC is a business law firm that handles commercial litigation and negotiates complex business transactions with national and international businesses including Fortune 100 companies.
Signs of the Future
If you’re driving down Volvo Pkwy, you may notice a few things – specifically some new signs! Construction has started on Mosaic, our next development with apartments, retail and parking, and also First Watch, Summit Pointe’s first freestanding restaurant opening in spring 2022. Big things are happening at Summit Pointe!
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