Fort Monroe marina redevelopment paused indefinitely due to rising costs, developer says dailypress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypress.com Daily Mail and Mail on Sunday newspapers.
A developer has indefinitely paused redevelopment plans at Fort Monroe, including a revamped marina, new restaurants, and a hotel, due to rising construction costs and interest rates impacting the project’s financial feasibility. Pack Brothers Hospitality — run by principals Brian and Randy Pack — had intended to transform the Old Point Comfort Marina on McNair Drive into a development called .
The authority greenlit two long-term leases for three shuttered buildings on the 561-acre property, igniting the process to turn two buildings into apartments and one into a private firing range.