Town Center is having what the city itself calls a landmark year
Virginia Beach's own mayor characterized 2025 as a landmark year for Town Center, the city's designated urban core and the closest thing Virginia Beach has to a traditional dense downtown, and the construction activity moving into 2026 backs that characterization up with real, funded projects rather than aspiration alone. Pembroke Square, a roughly 200 million dollar development, is bringing a seven-story hotel, a seven-story apartment complex, a craft beer arcade, a comedy venue, and two new public parking garages to the district, a genuinely dense, entertainment-forward mixed-use program for a Town Center that has spent years building toward exactly this kind of urban intensity.
Infrastructure investment is keeping pace with the vertical construction. Phase III of the Thalia Creek Greenway trail was expected to finish by early 2026, and the broader VB Trail, a 14-foot-wide, roughly 12-mile paved path eventually connecting Town Center to the Oceanfront, has its first phase, a 3.2-mile segment connecting the city's western border with Norfolk to Constitution Drive in Town Center, moving through the design phase. That trail connection matters directly for how Town Center and Oceanfront projects should be positioned relative to each other: they are being deliberately linked as two ends of a single walkable and bikeable corridor, not two unrelated districts.
Honest read: Town Center's growth is real and well-documented, but it also carries a genuine affordability signal worth acknowledging, the district's median home price has climbed to roughly 762,000 dollars, meaningfully above the broader Virginia Beach average, positioning Town Center as the city's premium urban option rather than its most accessible one.