Excessive-Finish 133-Unit Helix Residence Group Exceeds Aggressive Pre-Leasing Expectations with Almost 65-% Leased in Two Months

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High-End 133-Unit Helix Apartment Community Exceeds Aggressive Pre-Leasing Expectations with Nearly 65-Percent Leased in Two Months

CHESAPEAKE, VA – Helix Apartments, a six-story mixed-use urban community with 133 apartment buildings and restaurant / retail space on the ground floor, is Summit Pointe's premier residential community. Helix, managed and leased by Drucker + Falk, is a leader in the Chesapeake apartment building market in rent per square foot. In just two months after the applications were accepted, almost 65 percent of the residential units were pre-let, and more than 100 interested parties expressed their interest in the months before the pre-let.

Two more shared apartments, Mosaic and The Belaire, are planned for the third phase of Summit Pointe in the heart of Greenbrier's central business district. All three shared apartments will be located in three neighboring blocks and create a synergy between residential, retail and office properties. The parishes will be four to ten stories high and all will feature uniquely designed apartment buildings with multifaceted, modern amenities. Every future resident has the opportunity to choose their home by hand, as personal safety helmet tours are offered on request.

Summit Pointe is a distinctive metropolitan mixed-use travel destination that focuses solely on high quality offerings and amenities. The vibrant community is home to luxury apartments surrounded by the area's largest employment base, as well as some of Hampton Roads' most popular spots for shopping, dining and entertainment.

With an elegant, stylish design and trendy interiors, Helix offers the ultimate in modern living: granite countertops; Stainless steel appliances; slim wooden floor; a rooftop sky lounge with an outdoor gas fireplace and natural gas grills with views of Summit Pointe; a 24/7 fitness center with state-of-the-art Matrix cardio and weight training equipment; keyless, 24/7 controlled access to the building; Wi-Fi lounge and gourmet coffee bar; attached parking garage; an Amazon Hub parcel locker; dry cleaning pick up and drop off; and much more.

Wendy Drucker, General Manager of Drucker + Falk, said: “We are very excited to be working with Summit Pointe Realty and having the opportunity to be part of the exciting development in Chesapeake. Drucker + Falk is committed to bringing exciting new communities to Chesapeake residents, and Helix is ​​just the tip of the iceberg. ”

The second phase of Summit Pointe is currently under construction, 555 Belaire, an unrivaled 150,000 square foot office tower between Volvo Parkway and Belaire Avenue. The building, directly across from Helix, has five office spaces with a distinctive multi-story lobby and attractive retail and restaurant spaces at street level. Inviting outdoor parks and squares encourages active community involvement. The completion and occupancy of 555 Belaire is expected in autumn 2020.

Phase 1 development at Summit Pointe included the delivery and occupancy of the Dollar Tree, Inc. (NASDAQ: DLTR) Store Support Center in October 2018. Dollar Tree is the region's largest Fortune 500 company, currently at number 131, and the campus at Summit Pointe has more than 2,000 employees.

Chris Williams, sr. Summit Pointe Realty Vice President said, “The city of Chesapeake has demonstrated the desire and need for an urban lifestyle community. During the entire development phase, the predominantly positive response, the rapid leasing speed and the large number of interested parties show that we are on the right track, and we are delighted that this area is growing. "

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