Image Courtesy: VDOT
A waterfront Norfolk condominium project could face a roadblock from a state transportation project intended to ease congestion in Hampton Roads.
An affiliate of Alabama-based WeldenField Development, WF Willoughby Spit LLC, bought 14 acres at the end of Norfolk’s Willoughby neighborhood for $4 million on Sept. 4.
The site, which includes two parcels most recently assessed at $6.3 million, was purchased from REDUS VA Housing LLC, a Wells Fargo-controlled entity.
WeldenField’s Virginia partner, Brian Rowe, says the plan now is to develop a 333-unit condominium project that will be called Admiral’s Cove at Willoughby. He says the units at the more than $200 million project would likely start in the mid-$400,000s. If built, the condos would offer views of the Chesapeake and Willoughby bays and surrounding skylines.
