City of Hampton Economic Development, Retail

Retail

Hampton is quickly becoming the preferred location in the region for retail and entertainment, strengthening Hampton’s position as a regional retail hub and visitor destination. It is a billion dollar industry in Hampton and is the city’s second largest source of local tax dollars.

The local retail landscape is an eclectic mix of traditional national and regional tenants with a healthy population of small locally owned businesses and one-of-a-kind owner-operated stores and restaurants.

The nature of Hampton’s retail market is growing stronger and more dynamic in large part because of the city’s economic development initiatives supporting the development of new mixed-use, retail, entertainment, high-density higher-value housing and tourism projects. This effort combined with a sizable consumer market attributed to the city’s large military presence and it’s location along a high volume tourist corridor makes Hampton the ideal place for retail investments.

The results of these key initiatives are evident. A citywide study conducted by Economic Research Associate supports the development of an additional 784,000 square feet of retail space in Hampton over the next several years. Developer interest, new business announcements and openings, and retail sales increases document the success of these initiatives. Taxable sales have increased over 14% in the past five years.

Join the best, as Hampton takes the top position as the region’s unique entertainment, dining and shopping destination for Hampton Roads residents and visitors.

A sample of major projects include:

Peninsula Town Center

Hampton's newest retail project, the Peninsula Town Center, opened in March 2010. Formerly an enclosed mall, this site has been trasformed into a new open-air destination with renewed life and unbridled energy. Its transcendent architecture, along with a diverse mix of restaurants, retailers, entertainment diversions, public parks, office accommodations and residential living, make The Peninsula Town Center the only true "town center" development in the region.

Much more than merely bringing people together to shop, this new town center features inviting public spaces, imaginative animation of the space, and a strong tenant mix. These elements work together to make The Peninsula Town Center Hampton's premier regional attraction.

Bass Pro Shops Outdoor World

One of the most successful lifestyle retailers and tourist destinations in the country, Bass Pro Shops is the #1 tourist destination in their home State of Missouri and all of their stores attract customers from hundreds of miles away.

The Hampton store attracts 1.5 – 2 million visitors per year and has stimulated extensive spin-off development.

The Power Plant of Hampton Roads

The Power Plant of Hampton Roads is named after Cordish's signature project - The Power Plant, Baltimore. This lifestyle, retail entertainment center is anchored by Bass Pro Shops, and a restaurant and entertainment district which surrounds an eight-acre lake and has become one of Hampton Roads premier nightlife.

Embassy Suites Convention Center Headquarters Hotel

Named 2003 "Corporate Hotelier of the World" by Hotels magazine.

Hampton’s Embassy Suites serves as the convention headquarters hotel for the new 344,000 square foot Hampton Roads Convention Center. This 295-room, full service hotel and has the superior features of a John Q. Hammons development.

Hampton Economic Development
One Franklin Street, Suite 600
Hampton, VA 23669
Tel (800) 555-3930
(757)727-6237
Fax (757)727-6895