One of Hampton’s biggest redevelopment projects is adding more retail space.
Prayosha Hampton Retail LLC bought for $1.075 million an outparcel at Peninsula Town Center at 2033 Coliseum Drive in Hampton, according to a city property record.
The seller in the deal was an affiliate of the Dallas-based Tabani Group, which bought Peninsula Town Center in 2014 for $48.5 million.
Plans call for the land to be developed into a 5,760-square-foot multi-tenant retail building, according to Cushman & Wakefield | Thalhimer. Prayosha Hampton Retail LLC lists Shreyansh Trivedi as its registered agent and its principal office as a residential home in Virginia Beach.
