Located on approximately 25 acres of land adjacent to the Hampton Coliseum, will have approximately 500 luxury townhouse & condominiums.
The site is located in the Crossroads community fronting both sides of Freeman Drive and adjacent to Coliseum Lake and Newmarket Creek. The Crossroads community includes the Hampton Coliseum the Hampton Roads Convention Center, the Embassy Suites Hotel, a planned entertainment district and a waterfront linear park. The project will be within walking distance to planned retail, entertainment and restaurants adjacent to the Hampton Coliseum.
An $80 million investment the planned community will incorporate traditional neighborhood design and consist of condominium flats, four-story stacked townhouses and three-story traditional townhouses Other elements of the project include 40+ acres of open space to include central amenities, linear green along Freeman Drive, and a linear waterfront park as well as active recreational components to include a clubhouse and pool facility, unusual water features, and a series of walking trails and pedestrian access. Units will include integrated garages with access provided via private internal streets and alley ways.
Construction started last summer and the developers hope to start selling the units, priced between $190,000 and the low $300,000s, sometime in 2008.The rise in prices on the Peninsula, where the median price this year is $222,000, is stronger than an almost 2 percent increase in South Hampton Roads, where the median price is $245,900. While condos were about $37,000 more expensive in South Hampton Roads than the Peninsula a year ago, that gap has dropped to $23,900.
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