HOME > FREQUENTLY ASKED QUESTIONS
- How was Willoughby created?
Willoughby Spit was formed in 1749 and greatly increased in size during the Great Coastal Hurricane of 1806. It has been greatly stabilized by The City of Norfolk's beach nourishment program along its' 7.3 miles of beach.
- BACK TO TOP
- Is that really a German U-boat located just off of the property?
The legendary U-boat located off the tip of The Spectrum at Willoughby Point has been variously called a U-boat, a submarine, a frigate and a sub chaser. For more information please go to the Ocean View Nickel Tour located at the following link: http://rkpuma.com/ov/nickel1.htm.
- BACK TO TOP
- What is Fort Wool? Where is Fort Wool?
Fort Wool is a man made former military fort adjoining the Hampton Roads Bridge Tunnel (HRBT). It was fortified in 1861 and helped in silencing Confederate Batteries attacking Sewell's Point and Willoughby Spit. It was formerly named Fort Calhoun and was re-named for General John E. Wool, Union Commander of Virginia's forces.
- BACK TO TOP
- What military units are attached to the base across Willoughby
Bay and The Elizabeth River? Is the project in an AICUZ (flight noise)
zone?
The Norfolk Naval Station is the largest Naval installation in the world. It is home to more than 70 ships, including the Enterprise, Eisenhower, and George Washington. The property is located in flight noise zone, less than 65 DNL and is not in any accident potential zone.
- BACK TO TOP
- What bodies of water surround The Spectrum at Willoughby Point?
The property is located at the confluence of the Elizabeth River, James River, Willoughby Bay, Chesapeake Bay, and Hampton Roads Harbor.
- BACK TO TOP
- Is the project hurricane proof? What is the type of construction?
The condominium buildings will be hurricane and storm resistant. They will be built of pre-cast concrete and steel with a masonry (brick) and concrete board (Hardiplank®) exterior with standing-seam metal roof. We will outfit Andersen® windows and doors. In addition, every condominium home will feature a covered balcony.
- The construction type is as follows:
- 1B for the 6 story condominiums, 2B for the 4 story condominiums, and 5B for the townhouses.
- BACK TO TOP
- What kind of units are being built on the site?
There will be three (3) mid rise condominium buildings from 5 to 7 stories tall containing 294 condominium units. These units range from 2 to 4 bedroom floor-plans and will have from 1400 to 3200 square feet. In addition there will be 30 townhouse units overlooking the private yacht club and 4 loft units above the retail. The retail space will consist of approximately 22,000 square feet of shops, restaurants, a marina store with small fueling station and offices. The retail stores, marina store, yacht club and gas pump will be open to the public. All units will have water views, with approximately 220 units being located directly on the water. For standard features of the units, please refer to the Standard Features section of The Spectrum web site
- BACK TO TOP
- What kind of amenities will the project have? When will they open?
Amenities of the project will include the "Sunset" fishing pier, marina store & gas pump during Phase 1. A pool, clubhouse, private beach, fitness center and water feature with gardens will be premiering in Phase 2. The main retail building with Restaurant will be concluded during Phase 3. Also within Phase 3 will be the reintroduction of King Neptune appearing after his glorious Royal Makeover, where he will overlook the front entry water feature and green area.
- BACK TO TOP
- Does the project have smart wiring and interactive capabilities?
The project will be fully smart wired with interactive capabilities and wireless service in the common areas.
- BACK TO TOP
- When will construction begin? When will construction end?
Construction began July 2006. Pilings for building "C" (which will contain 94 units) started to be driven and bulkhead started to be installed on the east portion of the property during this time. In addition, construction will soon begin on the first 9 yacht homes and the marina store. These buildings are slated for completion in the second half of 2008. Each of the mid rise buildings will take approximately 18-24 months to build and will overlap depending on the pace of sales.
- BACK TO TOP
- Who are the developers of the project?
The developer of the project is The Spectrum at Willoughby Harbor, LP, RLLP. Partners are Brian K. Holland, Richard E. Payne, Jr. and A.R. (Rick) Gregor, Jr. This accomplished trio also developed The Sanctuary at False Cape. Other developments of note include Windsor Woods, Mayberry, Tranquility by the Bay and Tanglewood.
- BACK TO TOP
- Who is the general contractor for the project?
The general contractor for The Spectrum at Willoughby Point is Clancy & Theys Construction Company. Clancy & Theys are renowned for their plentiful projects of similar caliber and interests in the area, including: 388 Boush Street, The Sanctuary at False Cape, the Amerigroup headquarters, and The Virginia Beach Performing Arts Center.
- BACK TO TOP
- How many boat slips are there? Does everyone get a boat slip? Does everybody pay for the boat slips? What types of utilities are available at the boat slips?
The Spectrum at Willoughby Point will inhibit a separate condominium entity to own the private yacht club and boat slips. There are 95 boat slips of which 3 are deeded to the commercial properties. Boat slips will be bought separately by condominium unit owners only and the boat slip owners will pay for this condominium and its associated costs. Utilities available will include phone, electrical and cable. The docks will be built of salt treated lumber with Ipe® boards for their gangways. No rentals will be allowed to an outside party due to the lack of parking. Nonetheless, a boat slip owner may rent their slip to another Spectrum unit owner or tenant.
- BACK TO TOP
- Is there additional boat slip capacity in the adjoining marinas?
There is additional capacity to lease a slip at Willoughby Bay Harbor under a special joint agreement at a reduced rate for owners who do not wish to own a boat slip.
- BACK TO TOP
- Is there one condominium association or are there separate associations for each building?
All 328 units will be under one master condominium association.
- BACK TO TOP
- Are the condominium fees the same for the yacht homes and the villa flats?
Condominium fees are based on square footage tiers and are calculated the same, regardless of what type of unit is owned.
- BACK TO TOP
- Is the sales model identical to the Spinnaker model or are there some differences?
The sales model is slightly smaller with a slightly different layout than the Spinnaker that will actually be in the buildings.
- BACK TO TOP
- What deposits are required with the reservation agreement? What deposits are required with a contract? Is this money held in an escrow account? Will we get interest on our deposit?
A $10,000 deposit is required with a reservation. A 5% deposit will be required with contracts. The money will be held in an escrow account at Wachovia Bank and interest will be paid to buyers once they have signed a contract. This interest will then be credited to the buyer at closing.
- BACK TO TOP
- Will daily or weekly rentals be allowed within the project?
There will be no rentals of less than 6 months allowed.
- BACK TO TOP
- What is the property tax rate for the City of Norfolk?
Answer $1.27 per $100 of assessed value.
- BACK TO TOP
- What are the monthly condominium fees and what do they include?
The average condominium assessment for Phase 1 is: $390.54 per month and includes all common area maintenance, all exterior maintenance and all amenities. It does not include utilities.
- BACK TO TOP
- How much parking is located in the project? How will the spaces
be assigned?
There will be approximately 685 parking spaces for the project including 492 for the 294 condominiums, 60 for the 30 townhouses, 8 for the 4 lofts and 125 for the retail users. There will be one space assigned for each unit, the remaining spaces will be designated as Available or Guest parking.
- BACK TO TOP
- Are there generators in the project and what will they control?
There are generators which will come on in a storm event and maintain power to the refrigerator and selected lighting in the units along with all hallways, stairwells and necessary exterior lighting in the common areas.
- BACK TO TOP
- What is the base flood zone and approximate elevations of the
buildings?
The subject property is located in SFHA zone A-6, requiring a base flood elevation of approximately 10'. All units will be built above a garage and the lowest floor living area will be approximately 16' for a townhouse and approximately 18' for any of the mid rise condominium buildings.
- BACK TO TOP
- How long are the promenade, walking trails and sidewalks?
The circulation system will be approximately ¾ of mile.
- BACK TO TOP
- How will the reservation list work if you want to wait until Phase
2 or 3?
If you opt to stay on the reservation list for a Phase 2 or 3 unit, you will receive the lowest number available (as if going to a new list - beginning at the top) and then be given the Unit Selection Process at the appropriate time. You will only be guaranteeing a place in line, not a specific price.
- BACK TO TOP
- Who will manage the condominium association?
The project will be professionally managed by a firm yet to be selected. Condominium documents were prepared by Michael Inman of Inman- Strickler, PLC and the budget was prepared by Robert Kirkland of Professional Association Services, Inc.
- BACK TO TOP
CALL TOLL-FREE: 866-809-2082
COME VISIT US! SALES OFFICE HOURS
