Virginia Beach Developer Wants To Swap A Long-Planned Hotel, Shops For Condos On Princess Anne Road

A decade ago, a developer envisioned hundreds of homes and apartments with stores and a hotel across a swath of land that straddles Independence Boulevard at Princess Anne Road.

The Spence family grew soybeans there – one of the last big farms north of Pungo.

L.M. Sandler & Sons never got to pursue its vision. The bank foreclosed on the land in 2010, and the next year The Dragas Companies bought the site, took over the project and named it Spence Crossing.

The company wants to change plans for the second half of the development on the western side of Independence Boulevard. It wants to nix the hotel, cut the retail space to 80,000 square feet and build 144 condos, said Nick Baum, a Dragas vice president.


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