Old Dominion University Old Dominion University Hampton Roads Real Estate Hampton Roads Real Estate Retail Market Review Retail Market Review Market Review and Forecast Market Review and Forecast 2006 2006 Christopher E. Rouzie Christopher E. Rouzie Senior Vice President Senior Vice President Thalhimer Thalhimer Retail Review - Retail Review - Christopher E. Christopher E. Rouzie Rouzie Managing Broker for Thalhimer Managing Broker for Thalhimer Newport News Newport News Specializes in Retail Site Selection Specializes in Retail Site Selection for National Retailers for National Retailers Recipient of the 2001, 2003, 2004 Recipient of the 2001, 2003, 2004 Presented by: CREC Gold Award and Top CREC Gold Award and Top Hampton Roads Producer for Hampton Roads Producer for E.V. Williams Center Thalhimer in 2001 and 2003 Thalhimer in 2001 and 2003 for Real Estate and Economic Development Hampton Roads – Retail Vacancy RETAIL MARKET REVIEW 15.00% 13.11% 12.83% 13.00% 11.64% 11.19% 11.00% 9.41% 9.00% 7.55% 7.00% 5.00% 2001 2002 2003 2004 2005 2006 New Projects 1
Williamsburg Marketcenter Williamsburg Marketcenter Williamsburg Marketcenter Windsormeade Marketplace Windsormeade Marketplace Windsormeade Marketplace 2
Jefferson Commons Jefferson Commons Jefferson Commons Patrick Henry Mall Patrick Henry Mall Courthouse Marketplace 3
Courthouse Marketplace Courthouse Marketplace Berkley Commons Berkley Commons Berkley Commons Edinburgh Commons 4
Edinburgh Commons Edinburgh Commons Proposed Cahoon Commons Cahoon Commons Cahoon Commons Redevelopment 5
Mid-City Shopping Center - Portsmouth Tidewater Shopping Center - Norfolk Before After Crossways Center - Chesapeake Crossroads Center at Chesapeake Square - Chesapeake Before After Janaf Shopping Center - Norfolk Power Plant - Hampton 6
Shops at Yorktown - Yorktown Governor’s Green - Williamsburg Before Before After After New Town - Williamsburg Town Centers City Center – Newport News Coliseum Mall - Hampton 7
Peninsula Town Center - Hampton Coliseum Mall - Hampton Virginia Beach Town Center – Virginia Beach Dean Plaza – Virginia Beach City Walk at Virginia Beach – Virginia Beach Before Towne Place at Greenbrier - Chesapeake Harbour View Station Town Center - Suffolk 8
The Marquis Pipeline Benn’s Grant Bennett’s Creek The Market @ Harbor Heights Landstown Commons Indian River & Ferrell Pkwy. Red Mill Walk Hanbury Village Mt. Pleasant Marketplace 9
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