Virginia Beach Seeks Buyer for Valuable Oceanfront Property

December 23, 2024 - 03:34

The Laskin Road property in Virginia Beach, assessed at $1.5 million, presents a prime opportunity for developers as it encompasses approximately one-third of an acre. The city is actively seeking proposals that aim to create a mixed-income residential community, including workforce housing. This initiative reflects the city's commitment to enhancing the Oceanfront area while addressing housing needs for diverse income levels.

In addition to residential units, the city encourages proposals that promote interactivity between the community and the beach, potentially incorporating public spaces, retail options, and recreational facilities. The goal is to foster a vibrant environment that attracts both residents and visitors, ultimately boosting the local economy.

As Virginia Beach continues to evolve, this property represents a significant investment opportunity for developers looking to contribute to the region's growth. The city is eager to review innovative ideas that align with its vision for a dynamic and inclusive Oceanfront community.