Red Mill Commons Expands with Red Mill Walk
 Red
Mill Commons, named “Best
of the Beach” in 2006 and 2007, will soon be even better
as it continues to grow with the retail center’s major
expansion of Red Mill Walk. Located at the intersection of
Upton Drive
and
Sandbridge
Road
in Virginia Beach, Red Mill Walk will encompass 240,000 square
feet of additional retail stores including Target, slated to
open in March 2008, and a variety of other national and local
retailers.
When completed, Red Mill Commons and Red Mill Walk will become
the largest outdoor retail center in Hampton Roads.
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Leasing Information:
| Location: |
NE Corner of Upton Drive & Sandbridge
Road, Virginia Beach, Virginia |
| Description: |
240,000 sq. ft. +/- Regional/Neighborhood Retail
Development |
| GLA: |
240,000 SF |
| Anchors: |
TJ Maxx, Michaels, Bath & Body Works, Pier
I, Panera Bread, Starbucks, Outback Steakhouse, Super
Wal-Mart,
Home Depot, Target (March ’08) |
| Rental Rate: |
$26.00 per square foot |
| In-Line Space: |
Parcels D-F: 47,900 s.f. |
| Restaurant Out-Parcels: |
$95,000 - $125,000 annually |
Demographics:
|
| |
5 mi. radius |
7 mi. radius |
10 mi. radius |
| 2007 Population |
84,695 |
195,211 |
332,978 |
| 2007 Avg. HH Income |
$80,411 |
$68,200 |
$75,278 |
|
| Trade Area: |
Population: 92,360; Avg. HH
Income: $69,351
Red Mill Commons was reported by Inside Business as
the 4th Wealthiest Zip Code in the Hampton Roads area.
|
| Traffic Counts: |
37,778 on General Booth Blvd.,
from London Bridge to Nimmo Pkwy. |
|
