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Virginia Beach, VA

Developing luxury condominiums to meet housing demand and support local businesses in Virginia Beach.

• Mission: Developing a luxury condominium project in Virginia Beach to meet the growing demand for multifamily housing and support local businesses.  
• Innovation: Creating an eight-story building featuring 135 condominium units, retail and commercial spaces, and a parking deck, designed to enhance the community and boost local tax revenues.  
• Market Opportunity: Addressing the housing shortage in the Virginia Beach resort area while revitalizing the local economy through increased residential and commercial activity.  
• Funding Uses: Supporting the development and construction of the luxury condominium project, with a focus on providing much-needed residential space and enhancing local economic growth.  
• Community Impact: Enhancing the Virginia Beach area by creating a vibrant mixed-use development that benefits both residents and local businesses.  
• Leadership: Spearheaded by Tony Schmidt, a local entrepreneur with deep experience in both the restaurant and real estate sectors, committed to transforming the land into a thriving residential and commercial space.

This fundraising initiative aims to support the development of a luxury condominium project located at 21st Street and Pacific Avenue in Virginia Beach, VA. This eight-story building will feature 135 condominium units, along with retail and commercial spaces, and a parking deck with 339 spaces.

The project is spearheaded by Tony Schmidt, a local entrepreneur with extensive experience in the restaurant and real estate sectors. Recognizing the growing demand for multifamily housing in the Virginia Beach resort area, Schmidt is committed to transforming the land currently occupied by his restaurant into a much-needed residential development.

The project not only seeks to provide additional living space but also aims to boost local tax revenues and support surrounding businesses that rely on both tourist and resident traffic. With significant pre-development work already completed, including architectural renderings and consultations with local experts, the project has garnered considerable support from city officials. This initiative aspires to enhance the community by addressing housing needs while revitalizing the local economy through increased residential and commercial activity.

Company Info

21st Street Properties is a real estate business specializing in property management and rentals in Virginia Beach.

21st Street Properties is a real estate business located in Virginia Beach, Virginia. The company focuses on property management and real estate services, catering to various client needs in the housing market. With a commitment to maintaining properties and ensuring tenant satisfaction, 21st Street Properties operates within the local real estate landscape, providing solutions for both property owners and renters. The business emphasizes professionalism and responsiveness in its operations, aiming to create a positive experience for all parties involved in the rental process. Through its website, clients can access information about available properties and services offered by the company.