Greenbrier North Commerce Park
From greenhouse to business powerhouse.
Once home to the world’s largest outdoor nursery, Greenbrier is now the largest mixed-use development and most popular business district in the Chesapeake-Hampton Roads area. The thriving space is teaming with opportunities across three million square feet of office space, eight million square feet of retail space and nearly four million square feet of retail space.
Fast Facts
TOTAL SIZE
LOCALITY
Chesapeake
Virginia
SITE Ownership
Public
Property
Site Location
Greenbrier Business District
Property Use
Mixed Use: Corporations, Hotels, Retail, and Conference
The Details
Location
Located at 2100 Steppingstone Square off of Smith Avenue, the site will be an extension of Greenbrier, the largest business district in Hampton Roads. It will feature sites from eight to 35 acres housing various businesses and industrial/manufacturing companies.
DISTANCE TO CLOSEST INTERSTATE/HIGHWAY
Three miles for I-64 (Connects from Chesapeake, Virginia to Eastern Missouri)
Zoning
Greenbrier North Commerce Park zoning is Mixed Use PUD.
Greenbrier Tax Increment Financing
Once known as the world’s largest outdoor nursery, Greenbrier is the most popular business district in Hampton Roads. This dynamic area contains three million square feet of office space, eighteen million square feet of retail space and nearly four million square feet of retail space, making it the largest mixed-use development in Hampton Roads.
In 2004, City Council unanimously adopted the formation of a Tax Increment Financing (TIF) district for Greenbrier in recognition of the area’s strengths as a vibrant place to live, work and play. Planned projects include improved pedestrian access, parking decks, City Park improvements, a new internal transit system and streetscapes.
Tax increment financing, “TIF Districts”, allow local governments to direct a portion of identified incremental tax revenue toward community improvement projects in a specially established district for the purpose of spurring redevelopment or providing economic development benefits. The first TIF law was passed in California in 1952. Since then, in accordance with U.S. and state laws, tax increment financing has become an effective tool for local governments to support economic development projects.
Additional Information
The Greenbrier Business District is a thriving international community comprised of global businesses and citizens and features a host of corporations, hotels and retail spaces, making it the ideal location for a neighboring business park. The area currently boasts:
- More than 18 million square feet of commercial space
- Approximately 3.6 million square feet of retail space
- A 58,000-square-foot conference center
- The region’s largest concentration of major employers, including Dollar Tree corporate headquarters, Xerox HR Solutions, Capital One and Mitsubishi Chemical
View Property Details For Greenbrier North Commerce Park
Major Tenants
Join the region’s largest concentration of major employers at Greenbrier, including:
Game Changers
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Ideal Location
- Convenient access to I-64, with both I-464 and I-264 equidistant.
- Port of Virginia and Norfolk International Airport within minutes.
- A vibrant location to live, work, and play: restaurants, hotels, retail nearby for quick access.
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- Tax Increment Financing (TIF) established in 2004 for Greenbrier.
- Local government may direct tax revenue toward community improvement projects.
- Greenbrier projects include improved pedestrian access, parking decks, park improvements, a new internal transit system and streetscapes.
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CHESAPEAKE'S WORKFORCE INCENTIVES
Chesapeake, Virginia offers many workforce incentives that increase employee performance and stimulate your business’s productivity.
VIRGINIA JOBS INVESTMENT PROGRAM
Provides funding to mitigate development costs to recruit, train, and onboard new employees or retrain existing employees.
GREEN JOB CREATION TAX CREDIT
A credit against Virginia personal or corporate income tax for each new green job created in the Commonwealth.
MAJOR BUSINESS FACILITY JOB TAX CREDIT
Income tax credit for each new full-time job created over a threshold number of jobs based on certain thresholds.
V3 EMPLOYER GRANT
Grant funding available for V3 certified employers hiring and retaining Veterans for at least one year.
REGISTERED APPRENTICESHIP INCENTIVE PROGRAM
Partial reimbursement for eligible sponsors and employers for certain costs of related instruction. Industry-specific.
WORKER TRAINING TAX CREDIT
An income tax credit equal to 30% of all expenditures made by the employer for eligible worker training.
WORKFORCE CREDENTIALS GRANT
Grants available to partially fund industry credentials in high-demand occupations.
WORKFORCE INNOVATION & OPPORTUNITY ACT
Federal funding for employment and training activities, including incumbent worker retraining and on-the-job training.
Virginia Talent Accelerator Program
The Virginia Talent Accelerator Program accelerates facility start-ups and expansions by expediting recruiting and shortening the new-hire learning curve.
STATE AND LOCAL INCENTIVES
Chesapeake’s investment incentives enable businesses to operate profitably and decrease risks. Chesapeake Economic Development is ready to help your business take advantage of incentives designed to target the needs of both your company and the development plans of localities and the state.
COMMONWEALTH'S OPPORTUNITY FUND (COF)
Discretionary funds available to the Governor to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis.
VIRGINIA INVESTMENT PERFORMANCE (VIP) GRANT
The Virginia Investment Performance (VIP) Grant and the Major Eligible Employer (MEE) Grant are discretionary performance incentives designed to encourage continued capital investment.
VIRGINIA ECONOMIC DEVELOPMENT INCENTIVE GRANT
The Virginia Economic Development Incentive Grant (VEDIG) is a discretionary performance incentive, designed to assist and encourage companies to invest and create new employment opportunities.
CHESAPEAKE ECONOMIC DEVELOPMENT INVESTMENT PROGRAM
The City of Chesapeake has established an Economic Development Investment Program (EDIP) to promote committed investment partnerships between the City and its business community.
VIRGINIA SMALL BUSINESS FINANCING AUTHORITY
The Virginia Small Business Financing Authority (VSBFA) offers programs to provide businesses with access to capital needed for growth and expansion.
The Voluntary Remediation Program (VRP)
The Virginia Voluntary Remediation Program (VRP) allows the City of Chesapeake to exempt, or partially exempt, environmental restoration sites from local taxation annually for a period.
Brownfields
Brownfields allows the City of Chesapeake to exempt, or partially exempt, environmental restoration sites from local taxation annually for a period.
PROPERTY TAX EXEMPTIONS
Virginia does not tax intangible property, manufacturers' inventory, or manufacturers' furniture, fixtures, or corporate aircraft.
SALES & USE TAX EXEMPTIONS
Virginia offers some of the broadest sales and use tax exemptions in the U.S.
