S.L. Nusbaum to Develop 250,000 SF Mixed-Use Project in Virginia Beach
VIRGINIA BEACH, VA. — S.L. Nusbaum Realty Co. has acquired 33 acres in Virginia Beach for the development of Burton Crossing, a 250,000-square-foot mixed-use project. The development will be located along Interstate 64 at the intersection of Northampton and Premium Outlets boulevards, adjacent to the recently opened Norfolk Premium Outlets and near a future IKEA store that is scheduled to open in spring 2019. S.L. Nusbaum’s sponsored entity, Northampton Development LLC, acquired the land from the Economic Development Authority of the City of Norfolk for an undisclosed price. Burton Crossing will feature retail, restaurants, office space and a lakefront public park. A construction timeline for the project was not disclosed.