PHIT Shop Builds Strength: In Clients and Community
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S23 Holdings Expanding Newport News Ops, $180M Investment, 400+ New Jobs, More than Doubling Their Initial Investment in The City
September 22, 2026
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The City of Newport News celebrates the United States Department of the Navy’s historic $1.7 billion housing agreement with Hunt Military Communities – a major step forward for the well-being of Sailors across Hampton Roads. The agreement includes an over $450 million commitment in Downtown Newport News through the HomePort Hampton Roads 2 project, delivering modern housing and new retail offerings that contribute directly to the continued improvement and vitality of Downtown Newport News. HomePort Hampton Roads 2 will deliver two 17-story residential towers with approximately 750 two-bedroom units designed for unaccompanied Sailors, along with a 1,050-space structured parking garage and ground floor commercial space for Navy services and community serving retail. The effort expands the Navy’s housing capacity while reinforcing ongoing downtown revitalization and supporting the shipbuilding presence that has long shaped Newport News’ workforce and economy. |
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HomePort Hampton Roads 2 is backed by strong cooperation among the Navy, the Commonwealth of Virginia, Hunt Military Communities and the City of Newport News. The investment adds significant momentum to ongoing efforts to stabilize and strengthen the downtown area by bringing new activity, services, and investment to a key corridor. By replacing aging facilities with high‑quality housing and ground‑floor amenities, the agreement strengthens the downtown economy while advancing the Navy’s focus on supporting Sailors’ well‑being and readiness.
“This agreement reflects the power of partnership and our shared commitment to building a stronger future for Newport News,” Mayor Jones said. “We look forward to continuing this work and ensuring that our city remains a place where our servicemembers, residents, and businesses can thrive.”
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