Studio Center, headquartered in Virginia Beach, will expand and move to a new location within the city. The expansion will add 20 full-time jobs to the existing 33 in Virginia Beach with average annual salaries of $52,000.
Current Virginia Beach operations are housed in two buildings off Greenwich Road at 240 and 161 Business Park Drive. Expansion work on I-264 necessitates the move from 240 Business Park Drive where the company’s video production services are housed. Conveniently, Studio Center will purchase 149 Business Park Drive, next door to its other location to accommodate the move. The .99-acre parcel includes a 9,314-square-foot building.
Studio Center will invest $1.2 million in the real estate and add $1 million in improvements and $800,000 in business property. Based on the capital investment, the Virginia Beach Development Authority has approved a $150,000 Economic Development Incentive Program grant.
Studio Center is the largest, fastest growing production company of its kind in the country. Founded in 1966, Studio Center was one of the first production studios to specialize in the production of broadcast advertising. It employs more than 700 people and has five additional locations in Santa Monica, Richmond, Las Vegas, New York and Washington, D.C.
Back Bay Brewing Co. Expands with new Farmhouse Brewing Co. in Historic Farmhouse
Farmhouse Brewing Co., in a partnership with Back Bay Brewing Co. and local general contractor Axis Global Enterprises Inc., will renovate the historic Wood Family farmhouse at 1805 Kempsville Road for Back Bay’s second brewery location in Virginia Beach. The farmhouse was built in 1910, and plans include tasting rooms, lounges and ADA-accessible facilities.
The 8.6-acre parcel will also include a brewery building, pergola, fruit orchard, a horseshoe area, picnic tables, open-air market, tented outdoor wedding and special-event space and an area for crops that will support the onsite brewing operations.
The capital investment is $1.4 million for the improvements and equipment. The Virginia Beach Development Authority has approved an Economic Development Investment Program grant in the amount of $35,000 based on the capital investment.
Future plans could include a restaurant or retail on the site to complement the brewery and event operations.
The property is the last of the original 500-acre farm owned by the Wood family. The home was previously occupied by William E. Wood & Associates, a realty company founded by William E. Wood Jr. in 1972, which has been sold and is now Howard Hanna William E. Wood. Wood, who was born in the farmhouse, along with future Wood family generations developed a majority of the land along Centerville Turnpike heading towards the Chesapeake city line.