NORFOLK, Va., July 20, 2015 /PRNewswire/ -- The City of Norfolk and The Cordish Companies are excited to announce the groundbreaking of Waterside Live!. The event is scheduled for August 26th and will be a milestone for Norfolk as it marks the beginning of a new era for Waterside. Representatives from the City of Norfolk as well as The Cordish Companies will be in attendance at the site of the future entertainment district.
"The Cordish Companies is one of the preeminent developers in the United States and is delivering a wonderful project," said Mayor Paul D. Fraim. "They share the city's vision of a vibrant, waterfront complex that will be a premier regional dining and entertainment destination. We are pleased to welcome Cordish as they begin construction on Waterside Live!, which will create hundreds of new jobs, bring more energy downtown, and generate millions of dollars of revenue for the city."
"The Waterside Live! groundbreaking will be a great day for The Cordish Companies as well as the City of Norfolk," said The Cordish Companies Vice President, Blake Cordish. "We are committed to delivering a development of the highest quality and providing Norfolk residents, as well as visitors, with a downtown dining and entertainment district that exceeds expectations and becomes a source of pride for the community."
Waterside Live! remains on schedule per the original agreement between the City and The Cordish Companies, and is set to open in the Spring of 2017.
About Waterside Live!
Waterside Live! is the crown jewel in Town Point Park, Virginia's premiere urban waterfront park. Located on the Elizabeth River in downtown Norfolk, Waterside Live! will feature best-in-class restaurant and entertainment venues in one destination. For more information, visit www.WatersideLive.com.
About The Cordish Companies
The Cordish Companies (www.cordish.com), now in its fourth generation of family ownership, is an international collection of businesses defined by three major areas of expertise: Real Estate Development, Gaming & Lodging and Entertainment Management. The Company has extensive expertise in almost every discipline of real estate including Entertainment & Mixed-Use, Gaming & Lodging, Sports Anchored Developments, Shopping Centers, Office, and Residential Housing. The Cordish Companies also owns and manages a diverse group of operating businesses, ranging from gaming and restaurants/clubs to live music promotion and film/media distribution. The Company values itself on the quality of its operations, its long-term relationships, and high level of integrity in all of its endeavors.
The Cordish Companies is the largest and most successful developer of entertainment districts and concepts in the United States. In particular, the Company has unparalleled experience in creating and revitalizing high-profile destinations in urban core locations. Many of The Cordish Companies' projects involve public/private partnerships and are of unique significance to the cities in which they are located. Prime examples are the Company's prominent role in the redevelopment of Baltimore's world famous Inner Harbor; Philadelphia, PA; Atlantic City, NJ; Hollywood, FL; Charleston, SC; Houston, TX; Louisville, KY; Tampa, FL; Kansas City, MO; and Towson, MD.
The Cordish Companies has received the highest possible national awards in its various areas of expertise. In real estate, The Cordish Companies has received an unprecedented seven Urban Land Institute Awards of Excellence.
SOURCE The Cordish Companies