The subject property enjoys a location ideal for a brewery in the center of one of the fastest-growing, most youthful, and most vibrant mixed-use neighborhoods in Coastal Virginia, the Park Place/Railroad District. In recent years, the once entirely industrial area has seen an explosive growth of loft-style apartments, artisanal product manufacturers, retailers, and restaurants catering to the tastes of Generation Z and Millennials. Within a 10-minute drive are Old Dominion University and Naval Station Norfolk, home to, respectively, 24,000 students and 82,000 active-duty military. The craft beer industry has been experiencing significant growth here, since strong local culture and tourism like that in Coastal Virginia, provide a supportive market for breweries.
