CHESAPEAKE, Va. (WAVY) - Chesapeake City Council approved a locally-based Fortune 500 company's plan for a new "Town Center" development in the Greenbrier area.
At a meeting Tuesday night, council members voted 8-1 in approval of the plan that is expected to bring new jobs and revenue to Hampton Roads.
Dollar Tree Incorporated wants to build the development in the 70 acres around its headquarters off Volvo Parkway. City officials say this development could rival Newport News' City Center at Oyster Point.
The retail giant's proposal includes 1,413 residential units, 500,000 square feet of retail space, one million square feet of office space, and 250,000 square feet for a hotel and civic area. The project would be built in phases over 35 years.
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