Virginia Beach to Vote on Dental Office Grant
Local dental operators should note the funding conditions for commercial building projects in Virginia Beach.
Updated on Oct. 12, 2026 in Openings & Closings
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Should the city provide financial grants to private businesses for new property developments?
The Virginia Beach Development Authority will vote on Tuesday regarding a $159,600 grant for Mavromatis Dental. The funding is intended to support the relocation and construction of a new two-story office at 2876 Shore Drive.
Why it matters
This incentive highlights how local authorities use economic development funds to subsidize capital investment and job growth. Operators should evaluate the potential impact of such grants on their own construction costs and hiring requirements.
The proposed $159,600 grant supports a $6 million capital investment project that will employ 17 people. The funding includes $147,600 for construction and $12,000 for job creation, tied to four new positions with an average salary of $102,333.
The players
Virginia Beach Development Authority
A local government entity responsible for managing economic development investment programs and project grants.
Mavromatis Dental
A local dental practice currently operating out of 2248 Sunstates Court.
Franchise Realty Interstate Corp
The property owner of the 2876 Shore Drive site.
The details
Mavromatis Dental plans to replace a former McDonald's location at 2876 Shore Drive with a new two-story building. The grant disbursement is contingent upon project completion and the maintenance of job creation or retention for one year. Beyond the primary dental practice, the development will include 2,000 square feet of additional space for a healthcare professional.
Timeline
Tuesday: Development Authority vote on the grant.
2024: The McDonald's site at 2876 Shore Drive closed.
September 2026: The economic development fund reached a $6 million balance.
Market Landscape
This project adheres to the established criteria of the Virginia Beach economic development investment program. It follows a recurring trend of repurposing vacant quick-service restaurant sites for professional services in prime locations.
Operators planning capital-intensive expansions should track the performance requirements attached to public grants, such as the one-year retention mandate for new hires here. Reviewing these milestones can help determine if similar municipal funding is a viable offset for your own construction budgets.
The takeaway
Large capital projects often qualify for municipal assistance when they align with local economic development goals regarding employment and infrastructure. Operators should audit their upcoming facility investments to see if they meet the threshold for local incentive programs.
Further reading
For more on local commercial real estate shifts, visit our Openings & Closings section.
Source note: This article includes information reported by The Virginian-Pilot.
Live Poll
Should the city provide financial grants to private businesses for new property developments?
