Dave Griffith's Blog

Cape Charles Update
March 21st, 2008 9:38 AM

Exciting new happenings all around Cape Charles in the last 2 weeks include Bay Creek, the STIP Park on the Harbor, the old Myers fish dock downtown and the old Fish factory across the harbor.  All of these activities indicate that we are truly in for an interesting spring and summer in the real estate business. 

Bay Creeks owner has sold a 50% interest in the development to a group owned by Sinclair Communications.  This infusion of capital will likely put on the fast track many of the infrastructure plans that have been langushing due to lack of capital or other issues.  Likely amenities that you will see include the Bayside village's carosel, pier, shops and more. 

The STIP Park which stands for Sustainable Technologies Industrial Park is over 100 acres of land between Bay Creek and the Harbor.  4 investors purchased the park from local government who had been unable to attract tenants to the park. Over 15 million dollars has been spent in the park over the years.  The new owners say they have committments from a major Yacht company to locate here as well as various suppliers to the Yacht company. 

A major development firm with hotels all over the world has unveiled plans for over 400 waterfront condos, shops and other commercial activities on the old Meyers property.  This kind of development along main street would make Mason Avenue come alive. 

The ower of the old Fish Factory has unveiled plans for a boat hotel and assorted commercial activities on this site.  It is long overdue and would be a big plus for the hundreds of boaters that come to Cape Charles during the fishing season and have to pull their rigs back to where ever they come from. 

If you would like more details or links to these stories in the local papers and or on the web just email me and I will forward them to you....Thanks, Dave


Posted by Dave Griffith on March 21st, 2008 9:38 AMPost a Comment (0)

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