Virginia Beach Will Vote on Dental Office Grant

The city's development authority meets Tuesday to consider a $159,600 grant for a new Mavromatis Dental location.

Updated on Oct. 12, 2026 in Openings & Closings

Virginia Beach Will Vote on Dental Office Grant

Live Poll

Should the city provide financial grants to private businesses for new property developments?

The Virginia Beach Development Authority is scheduled to vote this Tuesday on a $159,600 grant to support the construction of a new Mavromatis Dental office. The project will transform the former McDonald's site at 2876 Shore Drive into a two-story medical building.

Why it matters

The grant aims to incentivize a $6 million capital investment in the area while supporting the creation of four new high-paying positions. This investment reflects the city's broader commitment to regional economic development through the use of its $6 million dedicated fund.

The proposed $159,600 grant includes $147,600 for capital investment and $12,000 for job creation. The new office plans to employ 17 people, including four new positions with an average salary of $102,333.

The players

Virginia Beach Development Authority

This is the city-level agency responsible for overseeing local economic investment programs and business expansion incentives.

Mavromatis Dental

This is a local healthcare provider currently operating on Sunstates Court that plans to relocate to a larger facility.

Franchise Realty Interstate Corp.

This is the commercial property owner that holds the title to the site at 2876 Shore Drive.

The details

The project involves purchasing land and constructing a new two-story building that will include a 2,000 square-foot tenant space for another healthcare professional. Currently, Mavromatis Dental operates from 2248 Sunstates Court, with the new site property owned by Franchise Realty Interstate Corp.

The former McDonald's location at the site closed in 2024.
The economic development fund reached a $6 million balance by the end of September 2026.
The Development Authority will hold the grant vote on Tuesday.

Market Landscape

This project aligns with the city's ongoing efforts to revitalize former commercial footprints through modern medical infrastructure. It positions the practice to expand its footprint in a competitive local healthcare market while repurposing long-vacant commercial real estate.

Local patients can expect a new dental facility to open on Shore Drive following the completion of the construction project. The development also adds a 2,000 square-foot professional space, potentially bringing more healthcare services to the immediate neighborhood.

The takeaway

This development serves as an example of how local municipalities use grant programs to bridge the gap between private investment and public economic goals. Residents can track similar projects by monitoring public Development Authority meeting agendas for upcoming fiscal allocations.