Norfolk’s Waterside District project has begun with the demolition of the annex that was started in May. Slated to open in Spring of 2017, the Waterside District project is a $30 million public-private partnership between Norfolk and Cordish Companies. Cordish, the developer, states it will be covering the entire cost for the $30 million project.
Inside, the Waterside District will feature a 30,000 square foot area known as “The Marketplace” which will have as many as nine businesses and restaurants. It will also have a roof top deck that is expected to be available for use around 10 months out of the year. Cordish notes the project will become a public gathering place as well as a tourist destination.
Mayor Paul Fraim notes that in congruence with the current development of The Main, a conference center and hotel, Waterside as a whole will bring over 800 permanent jobs and millions in new tax revenue.