Latest news with #FortMonroeAuthority
Yahoo
05-05-2025
- Business
- Yahoo
Fort Monroe Lofts: New Apartment Residences Announced at Historic Fort Monroe
78-Unit Project Led by Echelon Resources to Blend Modern Living with Historic Preservation FORT MONROE, Va., May 05, 2025--(BUSINESS WIRE)--The Fort Monroe Authority and Echelon Resources are pleased to announce the launch of Fort Monroe Lofts—a 78-unit apartment community delivering modern living on one of America's most treasured landscapes. The project is being developed by Echelon Resources, a Virginia firm specializing in adaptive reuse projects across Virginia and North Carolina. Construction will begin later this spring and marks the beginning of a 14-building trajectory-shifting development at Fort Monroe. The Fort Monroe Lofts project will convert 67,000 square feet of historic Colonial Revival style buildings into a mix of studio, one-bedroom, and two-bedroom apartments. Expected delivery of the units is late summer/early fall 2026. Two buildings will be used: Randolph Hall, constructed in 1932 and once used as military barracks, sits near the entrance to Fort Monroe on the shore of Mill Creek. Building 100, completed in 1906 in the village section of Fort Monroe, was designed by nationally acclaimed architect Paul Pelz, best known for his design of the Library of Congress. To preserve and repurpose these historically significant structures for the 21st Century, the project team will utilize state and federal historic rehabilitation tax credits (HTCs), administered in Virginia through the Virginia Department of Historic Resources (DHR) and the National Park Service (NPS). These programs offer incentives to developers rehabilitating historic buildings in accordance with the Secretary of the Interior's Standards for Rehabilitation. The result is not only private investment in preservation but also significant public benefits, including job creation, community revitalization, and cultural landscape stewardship. The HTC programs are of paramount importance to making the redevelopment of these historic structures economically viable. "Fort Monroe's 500+ acres represent a globally significant convergence of culture, history, and ecological diversity, on the shores of the Chesapeake Bay," said Scott Martin, CEO of the Fort Monroe Authority. "Echelon Resources' multimillion-dollar investment in Fort Monroe's future further confirms the Commonwealth of Virginia's reputation as the best state in the nation for business. We are grateful for the leadership, boldness, and professionalism from the entire Echelon team. They 'get' Virginia and Fort Monroe." Echelon Resources has extensive experience in historic revitalization of buildings of various sizes, with a portfolio that includes Whirligig Station (Wilson, NC), Imperial Lofts (South Boston, VA), Maury Commons (Fredericksburg, VA), and Woodstock Lofts (Woodstock, VA) among others. "We're proud to partner with the Fort Monroe Authority on a project of such significance," said Edwin Gaskins, President of Echelon Resources. "Fort Monroe Lofts embodies our passion for preserving history while creating meaningful places for people to live. This site is unmatched in both story and setting." When complete, Fort Monroe Lofts will offer residents in-unit laundry, high-speed internet, on-site parking, and easy access to beaches, trails, restaurants, parks, and historical cultural landmarks." For updates and leasing information, visit About Echelon Resources Echelon Resources specializes in the adaptive reuse of historic properties, creating dynamic residential and mixed-use communities across Virginia and the Mid-Atlantic region. About Fort Monroe Authority The Fort Monroe Authority oversees the preservation and revitalization of Fort Monroe, a National Historic Landmark and National Monument, with a mission to protect its legacy and promote sustainable economic development. View source version on Contacts Media Contact: Phyllis TerrellDirector of Communications757 251-2754pterrell@ Sign in to access your portfolio
Business Wire
05-05-2025
- Business
- Business Wire
Fort Monroe Lofts: New Apartment Residences Announced at Historic Fort Monroe
FORT MONROE, Va.--(BUSINESS WIRE)--The Fort Monroe Authority and Echelon Resources are pleased to announce the launch of Fort Monroe Lofts —a 78-unit apartment community delivering modern living on one of America's most treasured landscapes. The project is being developed by Echelon Resources, a Virginia firm specializing in adaptive reuse projects across Virginia and North Carolina. Construction will begin later this spring and marks the beginning of a 14-building trajectory-shifting development at Fort Monroe. The Fort Monroe Lofts project will convert 67,000 square feet of historic Colonial Revival style buildings into a mix of studio, one-bedroom, and two-bedroom apartments. Expected delivery of the units is late summer/early fall 2026. Two buildings will be used: Randolph Hall, constructed in 1932 and once used as military barracks, sits near the entrance to Fort Monroe on the shore of Mill Creek. Building 100, completed in 1906 in the village section of Fort Monroe, was designed by nationally acclaimed architect Paul Pelz, best known for his design of the Library of Congress. To preserve and repurpose these historically significant structures for the 21 st Century, the project team will utilize state and federal historic rehabilitation tax credits (HTCs), administered in Virginia through the Virginia Department of Historic Resources (DHR) and the National Park Service (NPS). These programs offer incentives to developers rehabilitating historic buildings in accordance with the Secretary of the Interior's Standards for Rehabilitation. The result is not only private investment in preservation but also significant public benefits, including job creation, community revitalization, and cultural landscape stewardship. The HTC programs are of paramount importance to making the redevelopment of these historic structures economically viable. 'Fort Monroe's 500+ acres represent a globally significant convergence of culture, history, and ecological diversity, on the shores of the Chesapeake Bay,' said Scott Martin, CEO of the Fort Monroe Authority. 'Echelon Resources' multimillion-dollar investment in Fort Monroe's future further confirms the Commonwealth of Virginia's reputation as the best state in the nation for business. We are grateful for the leadership, boldness, and professionalism from the entire Echelon team. They 'get' Virginia and Fort Monroe.' Echelon Resources has extensive experience in historic revitalization of buildings of various sizes, with a portfolio that includes Whirligig Station (Wilson, NC), Imperial Lofts (South Boston, VA), Maury Commons (Fredericksburg, VA), and Woodstock Lofts (Woodstock, VA) among others. 'We're proud to partner with the Fort Monroe Authority on a project of such significance,' said Edwin Gaskins, President of Echelon Resources. ' Fort Monroe Lofts embodies our passion for preserving history while creating meaningful places for people to live. This site is unmatched in both story and setting.' When complete, Fort Monroe Lofts will offer residents in-unit laundry, high-speed internet, on-site parking, and easy access to beaches, trails, restaurants, parks, and historical cultural landmarks.' For updates and leasing information, visit . About Echelon Resources Echelon Resources specializes in the adaptive reuse of historic properties, creating dynamic residential and mixed-use communities across Virginia and the Mid-Atlantic region. About Fort Monroe Authority The Fort Monroe Authority oversees the preservation and revitalization of Fort Monroe, a National Historic Landmark and National Monument, with a mission to protect its legacy and promote sustainable economic development.
Yahoo
30-04-2025
- Business
- Yahoo
Hampton hopes to redevelop Fort Monroe into a landmark. Years of stagnation has slowed it.
At a historic site that's been hampered by development setbacks for years, officials said ongoing projects will help Fort Monroe look completely different a year from now. Virginia took over the 565-acre former Army base in 2011 and planned to restore and convert it for private development. Those plans have since been nixed due to rising project costs and uncertainty surrounding potentially hazardous materials still sitting on the fort's grounds. According to Hampton City Manager Mary Bunting, who represents the city on the Fort Monroe Authority's board of trustees, the main hinderance in redeveloping the site has been a lack of interest in long-term projects to bring the site's utilities up to modern commercial standards. 'When the Army was doing work there, they didn't have to follow some of the same regulations that local governments or other private sector companies would need to follow,' Bunting said. 'For instance, they didn't have to do things the way Dominion Power would do them, or Virginia Natural Gas, or HRSD or anyone else.' Bunting added the authority's plan has always been to convert Fort Monroe into a space for people to live, work and explore the site's history. However, those are long-term projects, which can often be less attractive options for private developers. 'If you're a private sector developer, where are you going to go? You're going to go where it's easier to develop,' Bunting said. 'Faster development means you're going to open faster, which means you're going to make money faster. What we call 'virgin land development' is always easier than redevelopment.' That snail's pace may finally be turning into a light jog, according to to the FMA's new Chief Executive Officer Scott Martin. The African Landing Memorial commemorating the first enslaved Africans kidnapped from Angola is under phased construction, with its plaza scheduled to be completed by mid-August. It will be the first new landscape project on Fort Monroe since the base closed 14 years ago, and will close portions of Fenwick Road to make room for pedestrian-friendly areas. 'We're going to privilege the pedestrian out here,' Martin said. 'When you elevate the pedestrian experience, opportunities unlock. Human health gets better. Air quality improves. Anything you measure improves, so we have a great opportunity to explore that here.' The U.S. Coast Guard is rehabilitating the Old Point Comfort Lighthouse. The lighthouse is the oldest in operation in the Chesapeake Bay, and the project is scheduled to be completed in late spring. Perhaps the most important, Martin said, is a $50 million infrastructure project approved by Gov. Glenn Youngkin last year, which will bring water and sewer to the facility along Ingalls Road to lay the groundwork for accelerated private development, including residential projects . The authority is working to bring similar infrastructure to the rest of the facility over roughly the next three years, according to spokesperson Phyllis Terrell. Martin said the ultimate goal of transforming Fort Monroe into a can't miss regional landmark has always stayed the same. However, it's time for people to start seeing results. 'Our challenge, our opportunity and obligation is to get it right, here,' Martin said. 'We've got to do some work on figuring our what that means that's aspirational and honors the past, but also leans forward to let new histories be written out here and let new folks create new memories.' Devlin Epding, 757-510-4037,
