The headquarters is part of Summit Pointe, a $300 million mixed-use development, which eventually will have residential, retail and additional office space. Construction began on the second phase this year. In January, the company was put on the defensive when activist investor Starboard Value LP suggested the company sell Family Dollar, where sales mostly have been flat. Dollar Tree is currently renovating many of the Family Dollar stores. The company expects Family Dollar's performance to improve as it renovates more stores and finishes consolidation at its Chesapeake headquarters. Dollar Tree has renovated more than 850 Family Dollar stores and plans to renovate another 1,000 in fiscal 2019.