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Outlet Builders Cut Deal for Second Retail Center

February, 2014

(Virginian Pilot, 2.22.14) The city struck a deal to sell 30 acres of its aging golf course to a local real estate company and Simon Property Group Inc., the mall owner proposing to build an outlet center on a nearby part of the site. A joint venture between Simon and S.L. Nusbaum Realty Co., based in Norfolk, plans to develop a separate shopping center on the Lake Wright Golf Course parcel that fronts Northampton Boulevard and contains a driving range. City officials said they are negotiating a price for the property, which is owned by Norfolk but sits within Virginia Beach city limits.

Outlet Builders Cut Deal for Second Retail Center