A city decision on a proposed business grant is the next step for a vacant Shore Drive property slated for a two-story dental office. Mavromatis Dental plans to build at 2876 Shore Drive, near North Great Neck Road, on the site of a McDonald’s that closed in 2024 and had served Chesapeake Bay beachgoers.
What the City’s Shore Drive Plans Cover
The city’s Shore Drive Phase III project description says the road project extends from Vista Circle through the Great Neck Road intersection to Beech Street. It describes the transportation project’s limits, not commercial land uses, access changes, or redevelopment at the dental site.
The project is expected to cost nearly $6 million for the land purchase and construction, according to The Virginian-Pilot. The property has been vacant for more than two years and is owned by Franchise Realty Interstate Corp.; Virginia Beach assesses it at $2.1 million.
Plans call for the dental practice to occupy the first floor, with staff space on the second. A separate 2,000-square-foot space would be leased to another healthcare professional. The Virginian-Pilot reported that the documents it reviewed did not provide further detail about the layout.
Grant Would Be Paid After Project and Job Requirements Are Met
The Virginia Beach Development Authority is scheduled to vote Tuesday on a proposed $159,600 grant for Mavromatis Dental through the Economic Development Investment Program. The city describes the program as a discretionary incentive providing cash grants to qualifying companies with growth needs, as explained by Virginia Beach…