Fort Monroe Housing Redevelopment Project
By Global Infrastructure Sherpa · Feb 18, 2026
Echelon Resources Inc. will invest $20 million to redevelop two historic buildings into residential housing at Fort Monroe, creating at least 80 new units. This builds on two existing redevelopment projects led by Echelon Resources Inc. at Fort Monroe, which have created 78 new apartments.
Deal Analysis
Echelon Resources Inc.'s $20 million investment in the Fort Monroe Housing Redevelopment Project signifies a continued commitment to revitalizing historic properties into residential units. This project, aiming to create at least 80 new housing units, builds upon Echelon Resources Inc.'s existing presence at Fort Monroe, where they have already developed 78 apartments across two previous projects. The involvement of the Fort Monroe Authority as a developer suggests a collaborative effort between private and public entities to achieve shared development goals.
This deal is notable for its focus on adaptive reuse of historic buildings, contributing to the preservation of cultural heritage while addressing housing needs. The project's success hinges on Echelon Resources Inc.'s ability to navigate the complexities of historic redevelopment and effectively manage construction costs. The involvement of Echelon Corporation, a provider of control networking platforms for smart buildings, could potentially integrate smart technologies into the new housing units, enhancing their appeal and efficiency.
- Echelon Resources Inc. is investing $20 million in the project.
- The project will create at least 80 new residential units.
- This is Echelon Resources Inc.'s third redevelopment project at Fort Monroe.
- The Fort Monroe Authority is involved as a developer.
Market Context: The housing sector in the USA is experiencing ongoing demand, particularly for affordable and diverse housing options. Redevelopment projects like this one contribute to addressing housing shortages while preserving historical assets.
Source Intelligence
KEY DETAILS
The new $20 million investment builds on two existing redevelopment projects led by Echelon Resources Inc. at Fort Monroe, which have created 78 new apartments that will begin leasing next month.
In total, Echelon Resources Inc. has committed to investing more than $35 million in sustainably redeveloping the Fort Monroe National Historic Landmark District.
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Deal Size
Echelon Resources Inc. — a Virginia-based, family-owned real estate development firm — will invest $20 million to redevelop two historic buildings into residential housing at Fort Monroe.
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Capacity
creating at least 80 new units and increasing the supply of available housing in Hampton.
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Location
to redevelop two historic buildings into residential housing at Fort Monroe.
HAMPTON, VA
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Announcement
For Immediate Release: February 18, 2026
PARTIES MENTIONED IN SOURCE
E
Echelon Resources Inc.
developer
"Echelon Resources Inc. — a Virginia-based, family-owned real estate development firm — will invest $20 million to redevelop two historic buildings into residential housing at Fort Monroe."
F
Fort Monroe Authority
partner
"This public-private partnership between the Fort Monroe Authority and Echelon Resources Inc. is exactly the kind of project that can increase the supply of housing in every corner of the Commonwealth."
high quality
Enriched Feb 19, 2026
Market Context
This deal is part of the Housing sector in USA.
1 of 2 Housing deals tracked this month · Updated daily
Global Infrastructure Sherpa