Princess Anne Commons

This area is a multi-function commercial corridor with strong, long-term development potential.​​

Princess Anne Commons is a medical, recreation, higher education, and manufacturing hub located in the City's southern portion and adjacent to the City's municipal complex along ​Princess Anne Road. In addition, it is Virginia Beach’s leading destination for bio and life sciences companies and members of the growing biomedical, healthcare, and life sciences workforce and their families. The area's health care cluster includes LifeNet Health, a global leader in the field of regenerative medicine and organ donation, and Sentara Princess Anne Hospital, the region's newest hospital which employs 1,230 people. ​

LifeNet Health: Saving Lives, Restoring Health, Giving Hope


Operation Smile, the international children’s medical charity responsible for more than 220,000 free surgical procedures worldwide, also has its worldwide corporate headquarters with more than 100 employees.

Demographics Five-Mile Radius

VIRGINIA BEACH
Population158,276
Labor Force

90,936

Median Household Income73,228
Median Age35.4
High School/GED Graduate24.1%
Some college38.5%
Bachelor's Degree30.1%

Source: U.S. Census Bureau, 2019 ACS

​​District Real E​state (square footage)

Type of PropertyExisting SF​Rent Per SF
Retail607,000 sf​$25.37
​Office411,000 sf​$20.96

​​Source: CoStar, 2020

The Princess Anne corridor in the southern part of Virginia Beach is home to a number of regional partners, including biomedical organizations, institutions of higher education, and regional healthcare leaders.

Educational Facilities​​​

Major educational facilities anchoring the area include:​​
  • ​Tidewater Community College
  • The Virginia Beach Advanced Technology Center
  • The Governor's STEM and Technology Academy at Landstown High School
  • The Virginia Beach Higher Education Center (a collaboration among the City of Virginia Beach, Old Dominion University, and Norfolk State University)
  • Regional Health Professions Center​

Biosciences/Health Care​​​

  • LifeNet Health World Headquarters
  • Sentara Health Complex
  • Children’s Hospital of the Kings Daughters​
  • Operation Smile World Headquarters
  • Institute for Regenerative Medicine

Public Recreation​​

  • Veterans United Home Loans Amphitheater at Virginia Beach​
  • Virginia Beach National Golf Course
  • Virginia Beach Sportsplex & Fieldhouse

Regional Retail Power Center​​​

​The Princess Anne Corridor offers a large selection of national and regional retailers, shopping, dining, and entertainment.

Innovation Park

The 155-acre Innovation Park, owned by the Virginia Beach Development Authority, is located in the Princess Anne Commons Area. Two developments (encompassing the majority of Phase I land) were secured and are currently underway.