Summit Pointe
Urban living, elevated.
Businesses and residents alike can really have it all at Summit Pointe, the ultimate metropolitan center in coastal Virginia. More than $330 million in new construction brought Summit Pointe to life, transforming the Central Business District into a walkable hub with world-class offices, distinctive urban residences, unique shops, restaurants, and even a local brewery.
Fast Facts
TOTAL SIZE
LOCALITY
Chesapeake
Virginia
SITE Ownership
Public
Property
Site Location
Chesapeake’s Central Business District
Property Use
Mixed Use: Office, Retail, Hospitality, Residential, and Conference
The Details
Location
Summit Pointe is located in the up-and-coming Central Business District in Chesapeake, Virginia. You can find this mix-used property in Greenbrier, close in proximity to the Volvo Parkway.
DISTANCE TO CLOSEST INTERSTATE/HIGHWAY
Three miles for I-64 (Connects from Chesapeake, Virginia to Eastern Missouri)
Zoning
Summit Pointe zoning is Mixed Use PUD.
Additional Information
Summit Pointe is growing and on its way to becoming the new downtown Chesapeake. The current vision for Summit Pointe is that upon completion there will be:
- 1 million sq. ft. of office space
- 500,000 sq. ft. of retail space
- 250,000 sq. ft. of conference space
- 1,400+ residences
View Property Details For Summit Pointe
Top-Notch Neighbors
Join the thriving assortment of businesses who call Summit Pointe their homebase:
Game Changers
1
Strategically Located
- Positioned within the Central Business District, the largest employment center in Coastal Virginia with 35,000 employees.
- Within 750 miles of two-thirds of the nation’s population.
- Immediate, visible access to I-64.
- Norfolk International Airport just 20 minutes away.
2
Pro-Business Opportunities
- Unrivaled six-story office tower with creative architectural spaces.
- Dollar Tree’s 510,000-square-foot high-rise office tower anchors the district.
- More than 50 international companies are doing business in Chesapeake, and more than 3,600 businesses are located within a three-mile radius.
3
Urban Lifestyle Community
- Vibrant, pedestrian-friendly location.
- Luxury residences with amenities such as resort-style swimming pools, fire pits, clubhouses, fitness centers, and a rooftop sky lounge.
- Wide selection of restaurants, retail, and even a local craft brewery.
Additional Resources
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.
