Challenge: An underperforming mall in Chesapeake, Virginia fell into foreclosure in 2016 after several anchor tenants closed their operations. The 717,000 sq./ft. mall quickly became an eye-sore to the Western Branch community as the lender refused to make any substantial investments. In 2018, Virginia Beach-based Kotarides Holdings purchased the property as part of a strategic plan to revitalize the area and make it a destination for new business and residents.
2000 West Creek
Challenge: A Tennessee-based multifamily developer was looking to re-enter the Greater Richmond market with the development of two new projects representing a $110 million investment. One of those projects was 2000 West Creek. Located in the West Creek submarket, the asset was the first of its kind to be built in the area and represented a major departure from the traditional multifamily communities nearby based on size, amenities offered, and floor plans.
Glave & Holmes Architecture
Challenge: Celebrating five decades of success, Glave & Holmes Architecture was known for its traditional and classical style. Based in Virginia, the firm had evolved significantly during its history and had ambitious growth plans in both existing and new markets. The firm wanted to reintroduce itself to current and potential clients and better highlight its incredible work to support business development efforts.