Summit Pointe unveils new $300m urban lifestyle community

Summit Pointe Realty has unveiled plans for the continued development of Summit Pointe, Chesapeake, Va.’s, newest, largest and tallest urban lifestyle community. Representing a projected investment of more than $300 million of development in multiple phases, this first phase emphasizes a new form of urban living, workplace solutions, entertainment and shopping options.

The high-rise office tower under construction at Summit Pointe is the world headquarters for Dollar Tree, comprising 510,000 square feet of workspace. Scheduled for completion in the summer of 2018, this will be the tallest office tower in Chesapeake, visible from Interstate 64. The adjacent parking deck with public parking contains 1,500 spaces.

Additional new development will include upscale residential communities with unequaled lifestyle amenities containing at least 600 units, more than 100,000 square feet of new retail and restaurant spaces, at least 100,000 square feet of traditional and modern workspaces, and a boutique hotel.

Summit Pointe is presently zoned to develop 1 million square feet of office space, more than 1,400 residences, up to 500,000 square feet of retail space, and 250,000 square feet of hospitality and conference space.