New proposal from Collins for The Landmark at Talbot Park

October 26, 2010
Landmark at Talbot Park

Landmark at Talbot Park

The following narrative and attachments have been provided by Collins Enterprises, LLC, the developer of the proposed “Landmark at Talbot Park”:

Project Summary & History
The Landmark is a redevelopment opportunity for up to 373 luxury housing units located on Newport Avenue and on the Lafayette River near the Wards Corner area in Norfolk.  The plan is to build a highly desirable residential community taking advantage of the river frontage, open space and natural features of the site with buildings designed to complement the architectural vernacular of the neighborhood.  The homes will consist of one, two and three bedroom apartments appealing to empty nesters, plus single and married professionals looking for a quiet, safe and exciting location in Norfolk.
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The property is currently occupied by 200 two and three-story rental apartments built in 1948, 12 condominiums completed in 2008, and a vacant site for a planned 32-unit condominium building. The property is a 12.5 acre peninsula surrounded by the Crab Creek section of the Lafayette River. It is adjacent to the Granby Elementary School & High School, the Talbot Park and Wards Corner neighborhoods, five churches and the Bon Secours DePaul Hospital which has recently obtained approvals from the state health commission to replace the existing medical center with a 124-bed, state-of-the-art, acute-care, full-service hospital. The property is conveniently located near Wards Corner, the original commercial shopping district outside of downtown. Located across the street the Norfolk Wellness Center houses indoor pools and other public facilities that will serve all the neighborhoods as well as The Landmark residents.
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Collins acquired the property in 2006 and demolished 32 of the existing apartments to make way for the first phase of condominium construction now complete. Of the 12 condos built, 10 have been sold since marketing began in 2008.
The project was approved as a Planned Development by City Council in November 2008 allowing a total density of 385 units and proffers limited to building characteristics, setbacks, open space, parking etc. Collins plans to finance the project as a luxury rental community due to current unavailability of financing for condominiums and predictions for continued strong demand for “rent by choice” high-end apartments.
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Project Description
The Landmark will be a one of a kind luxury rental community in Wards Corner, the oldest section of Norfolk. The buildings will be three & four stories with on-grade parking and in garages. The apartments will be one, two & three bedrooms with some homes having lofts oriented to river views. The apartments will average approximately 1000 sq ft and will be merchandised with open floor plans, extra-high ceilings, elevator access and covered parking.  Interior features will include state of the art kitchens and baths, bay windows, terraces and moldings. All apartments will have security systems and will be prewired for home entertainment systems, emergency 911, and internet connections.
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New rental housing in the Hampton Roads area has leased well despite the contraction in job growth in the region and the country. The demand for new, affordable and safe housing communities outpaces the supply. There are no new projects underway in this district and tenants will pay a premium for new construction. Average rent for The Landmark will be around $1200 per month.
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The City of Norfolk and all of Hampton Roads from Williamsburg south to Norfolk has been experiencing strong growth over the last 10 years. Military consolidation from national base closings, population growth from retirees relocating and job growth in banking, technology and defense have help stimulate housing prices. With little land left other than infill locations like Riverside, the concern for added competition is minimized.
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Project Statistics
Site Area:                                     12.5 acres
Gross Residential Area:        425,000 sf
Net Residential Area:             355,000 sf
# Units:                                        373 apartments
Stories, Height:                        3 & 4 stories
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Parking
Covered:                                      60 car ports
Outside:                                        560 spaces
Total parking:                            620 spaces
Parking Ratio:                           1.66 per apartment
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Apartment Breakdown
160 One Bedroom Units at 730 sq. ft.
160 Two Bedroom Units at 1010 sq. ft.
53 Three Bedroom  Units at 1285 sq. ft.
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Project Timing
HUD processing:                      June 2010-June 2011
Construction Period:             Sept 2011- March 2012
Initial Stabilization:               June 2013
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Attachments
Review Letter from WRT (PDF)
Newport Ave rendering of The Landmark at Talbot Park (PDF)
Existing v. Approved v. Proposed – Comparison Chart (PDF)
Newport Ave, Before and After (PDF)
Traffic Study (PDF)
Traffic Study Appendix

Wards Corner Taskforce Report

October 15, 2010

The Wards Corner Taskforce met on October 14, 2010 at the Fitness and Wellness Center.  Councilmen Winn and Protogyrou were present.  A short list of the issues reported on or discussed:

  • The meeting started off with a crime report.  Don’t leave your GPS unit in your car.  It will get stolen.
  • Pulse has opened up where the old Nutty Buddy’s was located.  It is a bar/club with DJ’s playing “european” and “house” music.  It is under the same ownership as Nutty Buddy’s and owner Annette Stone gave a short presentation on her new concept.
  • Elite Fitness 365 has opened in the northeast quadrant of the Corner.  They have purchased new equipment and leased over 7500 square feet.
  • The parking lot in the shopping center of the northwest quadrant is in need of repairs.  The City is reaching out to the property owners and will report back at the next meeting.
  • The broken pavers on the west side of Little Creek and Diven are going to be fixed.  A contractor is assessing the damage and will provide a cost to the City this month.
  • There are 114 active property maintenance cases reported in Denby Park (PD 38) through 10.8.10: 36 Code Enforcement Cases; 1 Code enforcement Placard, Grass Abatement and Inoperable Vehicle; 65 Rental Inspection Cases; 7 Legal Notices for Trash and Debris; and 3 Legal Notices for Tall Weeds and Grass.
The next Taskforce meeting will be November 11, 2010 at 8:30am at the Fitness and Wellness Center.

Wards Corner Now meeting Saturday, October 16 @ 8:30am

October 14, 2010

The apartments in Denby Park are going to be razed to make way for a world class youth baseball venue.  Lowe’s, hh gregg, and a major hotel are all moving into the Wards Corner Business district.

Do you dream of such things?  Then come to the Wards Corner Now meeting this Saturday and lets talk about the happenings at our Corner of Norfolk.    Councilman Protogyrou will be there to give a report as well.

Saturday, October 16, 2010 at 8:30am at the Fitness and Wellness Center.


Drive-Through Flu Shots at DePaul on October 16

October 11, 2010

DePaul Medical Center

DePaul Medical Center

Bon Secours Health System announced that Saturday, October 16, 2010  has been declared “Drive-Through Flu Shot Day.”  Last year, more than 700 residents rolled down their car windows and rolled up their sleeves to protect themselves from the flu.  The drive-through flu shots for seasonal flu will be offered for a minimal charge and administered by registered medical practitioners.

What:   Drive-Through Flu Shots

When:  Saturday, October 16, 2010, 9:00 a.m. to noon

Where:   Bon Secours DePaul Medical Center, 150 Kingsley Lane, Norfolk

Cost:     $20.00

Bon Secours will bill Medicare and patients can charge fee to credit cards.


Stimulus Plan brings resurfacing to Granby Street

October 11, 2010
American Recovery and Reinvestment Act, Recovery.gov

American Recovery and Reinvestment Act, Recovery.gov

The Wards Corner community will be receiving proceeds from the Stimulus Plan (American Recovery and Reinvestment Act) in the form of street resurfacing.

The City of Norfolk has announced that Stimulus funds will be used to resurface a number of streets around the city, including Granby Street.  Granby Street will be resurfaced from Wards Corner, at Admiral Taussig Boulevard, to Ocean View Ave.

For the full list of resurfacing projects in Norfolk being paid for by the stimulus plan see this PDF notice.


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