The Projects Are Being Developed in Partnership with the Fort Monroe Authority & Echelon Resources Inc.
HAMPTON, VA — Governor Abigail Spanberger today announced that Echelon Resources Inc. — a Virginia-based, family-owned real estate development firm — will invest $20 million to redevelop two historic buildings into residential housing at Fort Monroe.
These projects will rehabilitate and adaptively reuse Fort Monroe’s historic Post Hospital and Old Arsenal Building, creating at least 80 new units and increasing the supply of available housing in Hampton. The new $20 million investment builds on two existing redevelopment projects led by Echelon Resources Inc. at Fort Monroe, which have created 78 new apartments that will begin leasing next month. In total, Echelon Resources Inc. has committed to investing more than $35 million in sustainably redeveloping the Fort Monroe National Historic Landmark District…