Virginia Beach Development Authority approves $3 million settlement and transfer of three Atlantic Park parcels The Virginia Beach Development Authority voted to authorize a $3 million settlement with developer Venture Waves and to transfer three parcels south of 18th Street to the developer as part of a deal to resolve claims related to Atlantic Park phase 1; remaining punch-list and warranty items will continue to be addressed.

The Virginia Beach Development Authority has greenlit a $3 million settlement with Venture Waves, paving the way for new developments at Atlantic Park!

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