Railyard at Lambert’s Point is a 120,000 SF up and coming retail site located within the west Ghent submarket in Norfolk, VA. Hundreds of new apartment buildings coming online in the Railroad District next door. The surrounding historical neighborhoods are home to some of the region’s highest incomes and most educated individuals.
The property is located south of Naval Station Norfolk, the world’s largest naval base (64,357 active duty and civilian personnel on base) and Old Dominion University (20,000 students plus the Ted Constant Convocation Center, and new larger football stadium under construction), and north of the Sentara Regional Medical Complex(thousands of employees, a children’s hospital, heart center and Eastern Virginia Medical School).
Located in Norfolk’s West Side, this new development will serve a trade area of 66,000 residents earning an average household income of $85,000, 47% of whom have a Bachelor’s degree or higher. It is surrounded by Universities, Medical facilities, military, numerous Arts venues, and other visitor attractions.