Mr Williamsburg, Revolutionary ideas on real estate!Hampton Roads Virginia

Another new tenant signs at Settlers Market as Williamsburg , Virginia’s retail market continues to gain momentum.

The Dress Barn has  announced plans to open a new dress store at Settlers Market adjacent to New Town. The store is set to open in March of 2013.

Dress Barn will join  Stein Mart, HomeGoods, Michaels and ULTA who all committed to the shopping center last year.

Negotiations are also underway to bring a Five Below and a Shoe Carnival store to the complex.

These stores will anchor the next phase of retail development slated to be completed by fall 2012, with a construction start expected in early 2012. In addition to the new anchors, a lease has been signed with Sleepy’s for the entire 7,300-square foot retail building fronting Monticello Avenue and adjacent to Trader Joe’s.

Still no word from Wal Mart on or if they will be opening a “Neighborhood Market” on their parcel

When fully developed, Settlers Market shopping center will feature 250,000 square feet of well merchandised retail space with a planned residential component located along Settlers Market Boulevard adjacent to the center. FCP and its partner, Westmoreland Partners, are represented in retail leasing by the Norfolk office of The Shopping Center Group.

Federal Capital Partners is a Washington, DC based, privately held real estate investment company that has acquired interests in more than $3 billion of assets since 2003. FCP invests in multi-family and commercial assets throughout the Mid-Atlantic region, including Washington

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