Virginia Beach added roughly 6,000 new residents between 2020 and 2023. That kind of growth doesn't happen in a vacuum — it follows investment. And right now, there are three major development projects underway in this city that every serious buyer and investor should have on their radar before 2026 pricing reflects what's actually happening on the ground.
1. The Atlantic Park Mixed-Use Development at the Oceanfront
Atlantic Park is the most talked-about project in Virginia Beach right now — and for good reason. This $350+ million mixed-use development at the Resort District is bringing a surf lagoon, live entertainment venue, retail, restaurants, and residential units to a stretch of the Oceanfront that's been underutilized for years. Construction is active and phases are rolling out. When this project matures, the entire Resort District corridor gets a different conversation around it. Condos and investment properties near the 17th–19th Street area are worth watching closely. If you already own near there, your equity story is still being written. Find out what your home is worth →
2. The Dome Site Redevelopment
The former Virginia Beach Dome site — a massive parcel near the Oceanfront that's sat dormant for decades — is finally moving toward a mixed-use redevelopment that includes hotel, retail, and residential components. City leadership has been deliberate about getting this right. When a site that size comes to life, it doesn't just add amenities. It draws foot traffic, raises surrounding land values, and signals to developers that adjacent parcels are worth acquiring. If you're an investor with a longer runway, the blocks surrounding the Dome site deserve serious attention.
3. The Burton Station Strategic Growth Area
This one flies under the radar for most buyers, but Burton Station is a designated Strategic Growth Area the city has been investing in steadily — infrastructure, road improvements, and planned mixed-use zoning. Its proximity to the airport corridor and Norfolk makes it particularly interesting for workforce housing investors and PCS buyers who need quick access to NAS Oceana or Naval Station Norfolk without Oceanfront pricing.
What This Means For You
• Buyers near Atlantic Park and the Dome site should expect appreciation pressure — getting in before ribbon-cuttings is how you capture that upside
• Investors looking at Burton Station have a rare window where infrastructure is improving but prices haven't fully responded yet
• Military families PCSing to the area should factor these corridors into their search — proximity to growth areas tends to protect resale value when orders change
• Homeowners already near these projects should understand their current equity position before the market recalibrates Find out what your home is worth →
Virginia Beach is a city that rewards people who pay attention to what's coming — not just what's already here. These three projects aren't rumors. They're funded, permitted, and moving. The question is whether you're positioned ahead of them or catching up after.