NORFOLK
Once the site of public housing, the city's popular Broad Creek community is slated to see a new $4.7 million development traditionally reserved for more affluent areas such as Ghent and Freemason.
Fancy condominiums in a three-story building - with a cafe and retail shops on the first floor next to a new city park - will soon rise near the corner of Virginia Beach Boulevard and Godfrey Avenue, just west of Ballentine Boulevard.
The City Council unanimously approved a deal Tuesday that gives a small plot of land and $200,000 of city credits for infrastructure work to Tivest Development. In return, the Virginia Beach firm will construct 12 condominiums, seven townhouses and 5,000 square feet of commercial space in a development to be called the Villas at Broad Creek.
The project is expected to generate $810,000 in direct tax revenues to the city over its first decade.
"We're going to have a place where people can have a nice dinner with their family in their neighborhood," Vice Mayor Anthony L. Burfoot said. "In Ghent, you can walk from just about anywhere and get a sandwich. There's nothing on this side of town like that."
City officials have touted Broad Creek as a model, mixed-income community. It was the site of Homearama in 2005, an annual show of luxury homes hosted by Tidewater Builders Association. Two public housing complexes were torn down and are being replaced with hundreds of apartments, townhouses, condos and single-family homes.
Most of the residences there now are subsidized for lower-income residents, but Dwight Etheridge, president of Tivest, says market-rate homes have sold well. His company constructed 10 subsidized units and 11 market-rate homes. The most expensive of the market-rate homes sold for $475,000, Etheridge said.
The housing market has cooled in Broad Creek, as it has across Hampton Roads. However, Etheridge said he hopes the market will have turned around by the time the new homes are built late next year.
Construction on the project should begin in September, he said. The condos will range in price from $99,000 to $325,000. The townhouses will be priced from $300,000 to $435,000.
Harry Minium, (757) 446-2371, harry.minium@pilotonline.com







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Your right
When I lived at ODU, I was riding a side street on my way bike to Colley(or some other street) by bike. I had rocks thrown at me. I laughing as I type this but it's really not that funny. I will give yo uthe fact that when I considered moving to Norfolk it was to be closer to a better private school. As I said my friend, "it's your city" and you now it better than me.
Ira... my issue is that it is dressed one way and it's intention
Another.
This is what history states. By and large, schools suffer and the rest of the city does. Your second look should be reserved for Downtown Norfolk, Ghent and Larchmont. Overt your eyes from the rest of the city or you won't look back
Asner
It's your city and you have a much larger say than I. Always remember though that a large part of Norfolk is off of the tax rolls due to the military presence. This goes for bases, cars, and so on. In addition, per capita the city has a large number of people who are dependent on goverment assistance. These developements will pay off in the long run. I am not talking Waterside, but housing near the city will improve your lot. I used to live in the city and hated it. The way it is now is worth a second look.
I hope they saved some funds in their treasury
They will need to keep some money to pay to Boots Riley when he wins his civil suit. Thanks Karen.
logic-dictates... I understand
I understand the glut that exists in dwellings presently and as well understand the lies told to lower income family when all the houses were demolished in 80s whereby these families were told that all the town houses near Maury high would be built to furnish lower income families. The main point, if I can take up the argument for the posters who disagree, This build it and they may come attitude is making destitute the rest of the city. It must stop for the time being and the focus must be put on the rest of the city. Not in developments of housing we don't need, but in Roads, Schools, and other public systems.You can shuck a bunch of numbers at the situation but you are still turning a blind eye and applauding the disproportions.This city needs to cut back and work toward phiscal responsibility and get back to the practice of building the basics back up. I was all for revitialization but enough is eno
At last, TRULY affordable
At last, TRULY affordable housing.....
Flipping properties . . .
I only hope that the subsidized homes do not end up being "flipped" by their newly savvy owners once the market comes up again. It would be very easy to buy a house subsidized at $90 K and sell it again for $300 K the following year. 'Course, the person would then also have to be savvy enough to find another abode without resorting to getting back on the list for public housing once the money was gone . . . Cheers, MGM
Honestly
So all of the complainers feel it should remain FREE housing for the idle? So you are angry so land was bequeatherd that will GENERATE tax dollars in lieu of land that is currently a DRAIN on tax payers?
"I wonder who will buy these properties in todays market. 99k to over 400k, am I doing something wrong and the average person is making enough in todays economy to be able to afford a 400k mortgage?"
I would say something is indeed wrong w/ what you are doing. The 99K to 250K properties should be snatched up quick. I may try. You cannot buy a trailer w/ land for 99K.
half the story - again, and the posters don't get it.
Not one of you understand the level of good this provides the City.
1. The idea of "warehousing" lower income families in "the projects" is removed. (Big ugly buildings that provide a stigma, and no pride of ownership.) Mixed income provides self policing and pride of ownership, thus enhancing the neighborhood. This is proven around the country with older similar developments.
2. NRHA dosen't have the money to build new buildings for a back log of subsidized housing, a developer does.
3. The builder isn't getting a fee ride here. They must provide a percentage of public/subsidized housing (50% the last time they did it) as a form of payment for the property to the city. Where can you find a new condo for $90k?
4. The luxury homes bring in people who have greater pride of ownership, and typically will self police. Those homes also contain most of the developers profit and risk. NRHA will not bai
This is crazy !
People are NOT buying the houses and condos that are available NOW. They are building in Downtown and in Ghent and all over the place.
Stop the Building!!
Are you serious!!!!
This is ridiculous who would want to live over there, you have another neighborhood down the block(Huntersville) that I am scared to drive in during the daylight. If you are going to do redevelopment 50% of Norfolk needs to be torn down. So the other 50% will have lower income move in their neighborhood under subsidized housing standards and there goes the crime rate,noise etc. Not saying all lower income there are some good ones but there is a substandard that are not!!!!!!!
*sigh*
Uh, with all the "luxury" (lame stainless steel appliances made in China that won't last as long as units made 10 years ago, and hardwood floors) apartments coming on the market, and with a declining population... who's to buy this stuff? The divorce rate will jump when the women realize they aren't going to get the lifestyle they think they deserve, but this won't result in demand for high end or luxury housing. Might as well just leave things the way they are and let current inventory clear. We have a new record low for 50th percentile asking price in Homicide Roads! I haven't been keeping a good eye on the local market, mostly been watching Northern Virginia and Raleigh. NoVA/DC is falling fast... Raleigh is still a better deal if you can find a cool company to work for.
Norfolk will never win
Norfolk will never win any architectural design awards. All around the city and especially downtown the designs are as bland as the city it's self.
Housing market.
I wonder who will buy these properties in todays market. 99k to over 400k, am I doing something wrong and the average person is making enough in todays economy to be able to afford a 400k mortgage?
Glad I moved
I moved out of that city when I learned that my vote didn't count(harbor park)and heard that the city council made a stock killing when they let Cox Cable monopolize the cable industry there. Yes, that was some time ago and now I'm thinking of moving back and getting on the citys' milky teet. Let's see if I don't work, and live there, I can get free housing, food stamps, free day care for my five kids, and still get to go play bingo. Darn I can't because I don't have kids. But if I was a developer I could get free land and tax money from the working stiff, so "I" can make a profit. How does any of that make any sense to the average working stiff that lives there. Someone there needs to start a movement, a vigilante group, to watch over those crooks, and sue them when they use the power of their office to give tax payers money away. I see the same thing here in Virginia Beach and it stinks. If a developer wants to buil
What About The Rest Of The Blight In Norfolk
City council members should take a bus ride through parts of the Norview area, particulary Alexander Street. They may need to wear bullet proof vests while visiting the area. This section of Norfolk needs immediate attention. It's a down right scary place!
Wow; will anyone step up and stop this developer kick back
This is madness!!! It is the same thing over and again. When will reason prevail. Stop giving incentives to developers. Natural growth. No more smoke and Mirrors. Do what the taxpayer is insisting. Or is it that the tax payers are numb and know they have no voice. I can't take seeing this anymore. Developers and Politicians are the lowest form; modern day pirates. The corruption goes on and on
"next to a new city park"
"Next to a new City Park"???? Did I read that right? What about a park in OV at Bay Oaks? For pete sakes! The more I read and hear from our council members and Mayors across Hampton Roads, I don't think any of them know what they are doing. Is there a full deck among any of them?
Please correct me if I am
Please correct me if I am mistaken, but isn't that a VERY bad area? You would have to give me the land and pay me to develop it........oh, that's what the city did. Park your car a few blocks away and take your family on a nice stroll through that area on a Friday or Saturday night and write back to us (if you live) and tell us how wonderful your evening was and that the city doesn't need to do anything to help that area.
The city has to do something to generate tax revenue in that area.
The same tired
The same tired looking construction we see all over Norfolk. I wish the city would give me land and $200,000. I could really use it.
Not Only
Not only did they give the developer the land, they gave them $200,000 of our money. (I am sorry it was TAX CREDITS) Don’t forget in today's news they also asked the faith based community to give $1,000 each a year to help pay for the rents of the homeless that the city ran out of public housing. NOTICE IT WAS RENTS THEY WANT US TO PAY THROUGH OUR CHURCHES) oh and the city don't want us to try to convert any of them either.
Ward's Corner's still waiting
How about fixing up other areas of the city for a change?
Pipe Dream - - -
It will never come to fruition.
free land?
Did I read correctly that the city gave the land to the developer? I want some!