Fort Monroe Is Getting A $40 Million Update
The transformation of an internationally recognized site enters a new stage as the Fort Monroe Authority approved a ground lease for a $40 million development project.
Pack Brothers Hospitality, based in Smithfield, obtained the 40-year lease on the property. The company's project will focus on the marina, on the southwestern edge of the fort. Pack Brothers Hospitality plans to build a restaurant, conference center, hotel and remodel the marina itself.
This deal is part of a series of changes in the area, which started in 2005 when the U.S. Department of Defense's Base Realignment and Closure Commission recommended closing military bases across the country.
Fort Monroe closed in 2011, which resulted in 3,500 jobs leaving the base and hundreds of buildings standing empty.
Throughout this period, the state continued to operate the marina.
Fort Monroe later became a refuge for those escaping slavery in the South, and it was one of the first places enslaved people were granted freedom during the American Civil War.
John Hutcheson, Deputy Executive Director at Fort Monroe Authority, said officials wanted to find a way for Fort Monroe to reduce costs and make the area more economically self-sufficient.
“It is about a million and a half dollars just to keep them minimally heated and cooled," he said, describing the empty buildings at Fort Monroe.
In June 2018, the Fort Monroe Authority started a national marketing campaign to find developers capable of reusing parts of the area. The authority received 18 proposals.
The marina is only one of the four areas the authority plans to redevelop.
"I think it's moving from what was a bigger focus on real estate redevelopment to a bigger future focus on the history and the stories of the place," Hutcheson said.
Go. Ralph Northam said his administration supports Fort Monroe's redevelopment.
“Pack Brothers Hospitality shares our vision, and I am thrilled to see a Virginia company win this contract," he said in a press statement.
"Our Administration remains committed to protecting this historical and natural area, expanding access to its recreational opportunities, and maintaining Fort Monroe as a place that is desirable to live, work, and visit now and for generations to come.”