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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.

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