Latest news with #VirginiaBeach-based
Yahoo
09-06-2025
- Business
- Yahoo
Developer wants to turn Regal Kiln Creek into Newport News housing
Real estate developer Brad Waitzer knows the dire need for more housing in Hampton Roads. The president of Virginia Beach-based Signature Management Corporation has developed more than 8,000 housing units over the course of his 37-year career. And now he has his eye on the Regal Cinema building and surrounding property at 100 Regal Way in the Kiln Creek area of Newport News. 'It was actively marketed for redevelopment by the owners,' Waitzer said. Regal Cinemas did not respond to email or phone calls requesting information about the impending sale. Originally part of the Kiln Creek development, it is down the street from a mixed-use development called Commonwealth Green. 'That particular quadrant is an area that was developed commercially and like most commercial developments it has suffered vacancy and continues to suffer very high vacancy,' Waitzer said. By providing some population within walking distance to restaurants and retail, Waitzer feels it can help with the struggling market. Zoned as C-1, the property is in the city's comprehensive plan for multi-family houses, Waitzer said. Waitzer has it under contract to purchase, rezone and redevelop the 13-acre property, which includes more than 8 acres south of Regal Way and just under 5 acres on the north side. The proposed project — with a price tag of $95 million — includes a total of seven three- and four-story apartment buildings and a two-story townhouse totaling 327 one-, two- and three-bedroom units. There will also be a single-story clubhouse with a fitness and business center and a dog park. 'In addition to providing much-needed housing, the community will revitalize a long-struggling commercial area, greatly increase green space and improve walkability and connectivity with nearby properties,' Waitzer said. The plan also includes putting in well-lit, landscaped sidewalks along Commonwealth Drive and Regal Avenues, he said. 'Additionally, it will provide a park with seating and public art at the main intersection for everyone to enjoy,' Waitzer said. If all goes as planned, it will be approximately 2½ years before the project comes to fruition, he said. He stressed that they are a local company, with no outside investors and the principals are involved in the day-to-day operations of all of their properties. Lifehouse Church, a portable church in Newport News, holds two Sunday morning services in the theater. Pastor John Ware said they will continue to worship there until the dirt is moved and then they will seek other options. An open house community meeting was held on June 5 at Regal Kiln Creek to provide information, collect feedback and address concerns. Regal Kiln Creek opened in November 1994 with 14 screens and underwent an expansion adding six more screens 5 years later. Sandra J. Pennecke, 757-652-5836,
Yahoo
05-06-2025
- Business
- Yahoo
New owner of Portsmouth events venue once went to school there
Giovanni Donatelli used to walk the halls of Portsmouth Catholic High School as a young boy. Now, almost four decades later, Donatelli is the new owner of the renovated and renamed building, Cambridge Hall. An entrepreneur who moved to the U.S. in 1982, Donatelli is the founder and CEO of The Language Group, a Virginia Beach-based translation service company established in 1999. His company employs 70 fulltime employees and 600 linguists skilled in 225 languages. The Language Group also has a secondary office in Hamburg, Germany. In early April, Donatelli purchased the building at auction for $660,000. There was also a separate transaction totaling $25,000 to buy the intellectual property rights for the business, including the event hall, website, furniture, artwork and baby grand piano. William J. 'Billy' Summs Sr., auctioneer with Atlantic Asset Management Group, said Donatelli was the perfect buyer. The Italianate-style building was transformed into a wedding and event venue in 2022 by Ed O'Neil, an insurance agent with New York Life in Norfolk. Donatelli plans to reopen it this summer as an event hall to host family and company functions. An immigrant from the east coast of Italy, he said he identifies as a local boy from Portsmouth and cherishes the building. 'I stood where my locker used to be and you can see where the desks used to sit,' he said. 'I can almost see myself sitting in the classrooms again.' Armed with ideas, Donatelli said he will continue to operate it as a rental event hall for now — including employee functions for his business — but he is also thinking about using part of the more than 6,000 square feet for nonprofits. Overjoyed with the amount of care the two most recent owners put into the building following years of neglect, Donatelli, a resident of Virginia Beach, said it's now up to him to be a proper steward of it. 'I would love to have a reunion to celebrate the different classes that graduated from there — back in their own building,' he said. 'And I'd like to make a wall to honor the school with a copy of all the yearbooks.' Situated at the corner of London and Washington streets in Old Towne Portsmouth since 1892, the structure was originally St. Paul's Academy for Boys, then St. Paul's Catholic High School before it became Portsmouth Catholic High School in 1964. The Donatelli family's journey to Hampton Roads began in the late 1970s when his father, Otero, a tailor in his native land, was recruited by Morris Rapoport, late patriarch and founder of The Quality Shops. 'They couldn't find anyone in the U.S. so they extended their search and found my father,' Donatelli said. Rapoport sponsored the family's visas and after 6 years they applied for their citizenship. Donatelli's mother, Grace is known throughout Hampton Roads for her seamstress skills. Donatelli and his younger brother, Sandro began their schooling at the now defunct Shea Terrace Elementary where he fondly remembers they learned to speak English. His love of languages only grew from that experience. When Donatelli was in seventh grade, he started his studies at Portsmouth Catholic. An altar boy in Italy, Donatelli said he continued his faithful service to the church every Sunday, serving mass at St. Paul's Catholic Church adjacent to the school. 'I used to play right there and fly my kite on North Street in the parking lot,' Donatelli said. 'It's my home; even though I'm an immigrant, I really grew up in Portsmouth.' Portsmouth Catholic shuttered in 1991 and Donatelli graduated from Churchland High School the following year. 'It feels right; the sentimental connection is there, and it's really special that I was able to do this,' he said. 'It's really nice to feel like I can offer something back to the community by buying my old schoolhouse.' Sandra J. Pennecke, 757-652-5836,
Yahoo
27-05-2025
- Business
- Yahoo
JAG Management Company Adds Newest Raleigh Luxury Community to Portfolio
24-acre Raleigh Multifamily Delivery, Taryn at 401, Starts Leasing RALEIGH, N.C., May 27, 2025--(BUSINESS WIRE)--JAG Management Company continues its portfolio growth in North Carolina with Taryn at 401 in Raleigh, a recently delivered development by Virginia Beach-based RST Development. Taryn at 401 is a 251-unit luxury community set on 24 acres. It is comprised of a mid-rise building, three garden-style buildings, and a clubhouse. Located at 310 Taryn Avenue, residents have direct access to Route 401 straight into Downtown Raleigh. This is the fifth RST Development asset in North Carolina to be operated by JAG Management Company, which also manages three other RST communities in Maryland and Florida. JAG Management Company is an affiliate of Jefferson Apartment Group (JAG). "JAG Management Company values our ongoing relationship with RST Development, and we're excited to execute our first lease-up with them," said Patty Holt, President of JAG Management Company. "Taryn at 401 is a beautifully designed, amenity-rich community, and we look forward to setting the tone for its long-term success." Residents of Taryn at 401 will enjoy a leading-edge fitness center with CrossFit and yoga studios, game room with billiards, a library with fireplace, lounge with entertainment kitchen, co-working space with focus rooms, and a pet spa with grooming stations. Outdoor amenities feature a resort-inspired pool with a sun-shelf and immersed chaises, multiple lounge areas with hammocks and firepits, a courtyard with ample green space and gardens, a private walking trail, and a dog park. The apartments are a mix of 1-, 2-, and 3-bedrooms featuring stainless steel appliances, granite countertops, high-end fixtures and finishes, oversized picture windows, ceiling fans, large patios and balconies, and in-unit washers and dryers. "Getting things right out of the gate is important, especially with a new development," said Scott Copeland, President of RST Development. "With JAG Management Company at the helm, we're confident in their ability to perform a seamless lease-up that seeds strong business results now and in the future." About JAG Management Company JAG Management Company provides professional property management services for both Jefferson Apartment Group (JAG)-owned assets, as well as third-party owned communities on the East Coast. Headquartered in McLean, Virginia, in the Washington Metropolitan Area, JAG also has regional offices in Boston, Philadelphia, Charlotte, and Orlando. The firm is committed to providing top-tier customer care for their residents and managing multifamily and mixed-use communities for long-term success. JAG Management Company's guiding principles are management by fact, integrity, respect for people, and continuous improvement. Learn more at View source version on Contacts Tammy MurphyTMC Communications & PR301-785-7669tammy@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
JAG Management Company Adds Newest Raleigh Luxury Community to Portfolio
RALEIGH, N.C.--(BUSINESS WIRE)-- JAG Management Company continues its portfolio growth in North Carolina with Taryn at 401 in Raleigh, a recently delivered development by Virginia Beach-based RST Development. JAG Management Company values our ongoing relationship with RST Development, and we're excited to execute our first lease-up with them. Share Taryn at 401 is a 251-unit luxury community set on 24 acres. It is comprised of a mid-rise building, three garden-style buildings, and a clubhouse. Located at 310 Taryn Avenue, residents have direct access to Route 401 straight into Downtown Raleigh. This is the fifth RST Development asset in North Carolina to be operated by JAG Management Company, which also manages three other RST communities in Maryland and Florida. JAG Management Company is an affiliate of Jefferson Apartment Group (JAG). 'JAG Management Company values our ongoing relationship with RST Development, and we're excited to execute our first lease-up with them,' said Patty Holt, President of JAG Management Company. 'Taryn at 401 is a beautifully designed, amenity-rich community, and we look forward to setting the tone for its long-term success.' Residents of Taryn at 401 will enjoy a leading-edge fitness center with CrossFit and yoga studios, game room with billiards, a library with fireplace, lounge with entertainment kitchen, co-working space with focus rooms, and a pet spa with grooming stations. Outdoor amenities feature a resort-inspired pool with a sun-shelf and immersed chaises, multiple lounge areas with hammocks and firepits, a courtyard with ample green space and gardens, a private walking trail, and a dog park. The apartments are a mix of 1-, 2-, and 3-bedrooms featuring stainless steel appliances, granite countertops, high-end fixtures and finishes, oversized picture windows, ceiling fans, large patios and balconies, and in-unit washers and dryers. 'Getting things right out of the gate is important, especially with a new development,' said Scott Copeland, President of RST Development. 'With JAG Management Company at the helm, we're confident in their ability to perform a seamless lease-up that seeds strong business results now and in the future.' About JAG Management Company JAG Management Company provides professional property management services for both Jefferson Apartment Group (JAG)-owned assets, as well as third-party owned communities on the East Coast. Headquartered in McLean, Virginia, in the Washington Metropolitan Area, JAG also has regional offices in Boston, Philadelphia, Charlotte, and Orlando. The firm is committed to providing top-tier customer care for their residents and managing multifamily and mixed-use communities for long-term success. JAG Management Company's guiding principles are management by fact, integrity, respect for people, and continuous improvement. Learn more at
Yahoo
23-05-2025
- General
- Yahoo
Personnel specifics, details of Fort Eustis' TRADOC merger to be decided in summer
The Army Training and Doctrine Command headquarters, along with the Center for Initial Military Training, at Fort Eustis are both up for a potential relocation as part of a merger with the Army Futures Command in Austin, Texas. However, Army officials said Thursday they will have to wait until June 15 to receive orders from the Army on how that merger will occur before the new command is formed in October. The two branches of Fort Eustis under the proposed merger include nearly 1,000 people, roughly 650 are civilians and the rest are military positions, said Army spokesperson Col. Jennifer Walkawicz in a Thursday press briefing. According to Walkawicz, Fort Eustis expects to see a smaller military footprint at the base under the merger, but civilian professionals will still see plenty of job opportunities. Navy wants to test drinking water for synthetic chemicals near Chesapeake's Northwest Annex Hegseth orders new review of Afghanistan withdrawal and suicide bombing at Kabul airport Racist memes shared by Virginia Beach-based Navy SEALs prompt investigation, disciplinary actions No personnel relocation decisions yet for Fort Eustis' Army training headquarters move A veterans' reunion sits at the center of an online storm in Norfolk As part of that smaller military footprint, Fort Eustis Commanding Gen. Gary Brito, who was originally planned to change command and retire this summer, will remain in his position through the fall when he will turn command over to the incoming commanding general for the new Army Transformation and Training Command, Walkawicz said. No matter how the merger eventually shakes out, Walkawicz said the Army will still have a strong presence at Fort Eustis. 'TRADOC remains deeply committed to the Hampton Roads community,' Walkawicz said. 'Our history here is strong. Our ties to this region are invaluable.' Walkawicz added until they receive orders, TRADOC doesn't know how big its new footprint will be in Austin, Texas, nor how it will fit into the other merging commands as part of the larger Army Transformation Initiative. 'In my career, my 30 years serving, this is the most significant transformation effort that I have seen,' Walkawicz said. Devlin Epding, 757-510-4037,
