Return to Virginia Business - March 2005

News & Features


Waterfront project takes shape

Virginia Business
March 2005

YORKTOWN
A $10 million waterfront redevelopment project in historic Yorktown plans to open by late May, in time for summer tourists. Riverwalk Landing will offer shopping, dining and a place to watch ships from a prime location alongside the York River.

READER RESOURCES
Related stories:
Top honors
Trends
The art of the deal
Market overview
Transactions

READER REACTION

Feedback: Comment on this story

Situated on seven acres, Riverwalk Landing will include 21,000 square feet of retail space, two floating piers and a restored freight shed. Anchoring the retail area is Nick’s Waterfront Restaurant, a 275-seat restaurant leased to Tom Austin, who currently operates Berret’s Restaurant in Williamsburg and River’s Inn in Gloucester. In addition, 10 to 12 small businesses and shops will be nearby.

Another key part of the renovation are the floating piers — a 395-foot pier for medium-to large vessels including Navy vessels and visiting tall ships and a smaller pier for watercraft used by day-trippers and pleasure boaters.

An existing freight shed built in 1935 by the National Park Service after a tropical storm destroyed much of the waterfront is also being spruced up and will house exhibits and visitor information. Developed by York County, Riverwalk Landing is taking shape through funds from low-interest bonds and historic tax credits and grants. It’s the centerpiece of a larger $25 million Yorktown project that includes a scenic river walk, connecting the National Park Service Museum to the Yorktown Victory Center. All the work is scheduled for completion by the end of 2005, in time for the 225th anniversary of the Battle of Yorktown in 2006 — a tribute to the city’s renowned revolutionary battlefield — and the 400th anniversary of the Jamestown Settlement in 2007.

Return to Virginia Business - March 2005