Despite Slower Housing Trends, Broad Creek is Still Booming

For More Information: 

Kelly R. Williams
kwilliams@nrha.us
757.314.1645

For Immediate Release
Release Date: 
Mon, 07/20/2009

Norfolk, VA (July 20, 2009) – A community-wide open house event was held at Broad Creek the last weekend in May featuring new construction townhomes and single-family homes. The builders, Tivest Development, L&M, Richardson Homes, and Real Developments, had their properties open for viewing. The event, which included radio broadcasts on 105.3 KISS FM and 106.9 The Fox, on-site lenders, and Norfolk Redevelopment and Housing Authority’s HomeNet Department welcomed potential homebuyers to Norfolk’s first mixed-use, mixed-income community.

 
The two-day affair resulted in a lot of traffic of interested potential buyers. Tivest reported 16 contracts overall, 11 in “The Villas” (an area of Broad Creek that will contain condos, townhouses and retail space) and five in completed units throughout the Broad Creek community (located on each side of Princess Anne Road). L&M also have their house under contract. In total, 17 contracts resulted within 30 days of the open house event. NRHA is proud of its partnership with local builders and the success of this event to promote the extraordinary development project that is Broad Creek.
 
Broad Creek is a walkable urban village, with retail amenities and abundant open space, built in the tradition of Norfolk’s most cherished architectural designs just 1.5 miles from downtown Norfolk.
 
About NRHA: 

Founded in 1940, NRHA is a national leader in community revitalization and fostering sustainable mixed-income communities. As the largest redevelopment and housing authority in Virginia, NRHA plays a key role in making Norfolk the city of choice to build, work, live and play.

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