Friday, June 23, 2017

Peninsula Landmark Gets New Life

A Richmond-based, Black-owned developer  is part of a group crafting plans to fund an effort to restore and convert  the Historic Whittaker Memorial Hospital  in Newport News into a 62-unit affordable apartment complex.

Last fall, the Whitaker Development II LLC group purchased the building  which is now vacant. The group reportedly is in the final stages of writing a restoration and funding plan, using historic tax credits, money from the Newport News Housing and Development Authority and other sources.

Whittaker Development II LLC closed on the purchase for the Southeast Community landmark last fall, according to Gerald “Junior” Burr, president of Canterbury Enterprises, a Richmond  construction company and the major partner  in the group.

The group bought the property last October for an estimated, $600,000 from  C’est La Guerre LLC, the old owners, which bought the building in March 2016, according to John Biagas, Burr’s partner and president and CEO of Bayport Electric in Newport News.

Whittaker Development II LLC’s  purchase of the building was a major hurdle in the process  and  the most  solid signal yet that the old building  will be redeveloped.

Other development projects by groups have fallen short due to funding  and  other issues, according to the Housing Authority.

Karen Wilds, the Executive Director of the Newport Redevelopment and Housing Authority (NNRHA), said Whittaker Development II LLC,  and Canterbury, are  now devising a construction-design  plan for the building.

Once 85 percent of the planning for it has been written and approved by the city. Then the group will be able to apply for  Low Income Affordable Housing Tax Credits from the Virginia Housing Development Authority (VHDA).

NNHRA will grant $709,000 to the project from HOME funds the U.S. Department of Housing and Urban Development gives to localities for rehab projects, Wilds said.
NNRHA could also offer eight Section 8 housing vouchers for future tenants.

Wilds said the development group   may also access historic tax credit, since the building is now on the National Historic Registry and other funding sources to be identified as the process moves among.

By Leonard E. Colvin
Chief Reporter

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