Chesterfield County’s lengthy-range prepare to transform the getting old Rockwood retail corridor is about to get a kick-off from a Reston-based builder with a busy Richmond-location pipeline.
Stanley Martin Residences wants to develop 322 condominiums and townhomes on a 25-acre web-site that encompasses the bulk of the Rockwood Sq. purchasing middle in addition to Rockwood Golfing Park.
The acreage, which is located around the intersection of Hull Road and Courthouse roads, is below contract to Stanley Martin.
The rezoning and conditional-use application wanted to set the phase for the development is scheduled to be regarded by the Planning Commission currently.
The task would look to be the to start with official redevelopment proposal inside the Rockwood Exclusive Target Spot plan, which county supervisors approved in April 2021. The program is a land-use guide for extra than 600 acres centered on progress of Rockwood Square and other close by searching centers close to Rockwood Park.
Stanley Martin’s software presents two solutions for enhancement of the site. The initial consists of 236 two-in excess of-two condominiums and 86 townhomes, all of which would be for-sale models. Revenue selling prices have not been identified.
The two-in excess of-two units would vary from 1,500 square feet to 2,500 square ft, and they would have two to three bedrooms. Townhomes would run from 1,500 sq. ft to 2,000 square feet and have three bedrooms. The units would also have garages.
Choice two would be a 590-unit advancement that would include residences as very well as two-in excess of-twos and townhomes. Jeremy Swink, Stanley Martin’s vice president of land for the region, said the 322-device progress is the most popular possibility.
“The county team place with each other a excellent plan we could abide by and adopt based mostly on our awareness of the market,” Swink stated.
Swink mentioned the organization predicted to close on the golfing park afterwards this yr and the retail strip in 2023. He would not say how substantially Stanley Martin will pay back for the land. The assemblage is composed of a number of parcels most recently assessed at a merged $4 million, in accordance to on-line county land data.
The firm is represented in the rezoning case by Jeff Geiger of the Hirschler regulation firm.
The present structures on the project web site would be demolished to make way for the new development. The undertaking does not consist of the outparcels at Rockwood Sq..
The present owner of Rockwood Square is Maryland-centered Region Qualities LLC. It purchased the center’s main retail strip for $1.9 million in 2012, in accordance to on the net county records. It purchased an more 1.7-acre parcel in just the centre in a individual offer that year for $110,000 and an additional parcel of 2.6 acres for $35,000 in 2019.
Company consultant Gary Modjeski claimed Stanley Martin initiated discussions about a offer for the procuring middle residence. He explained a sale is appealing due to the fact it has had trouble leasing the 34,000-square-foot anchor house just after Massive Lots moved out of the heart several several years ago.
“Finding it a lot more hard to lease a large retail footprint these times designed us receptive to wanting at a transform of use. And then we noticed the plan come out and stated, ‘OK, this is a little something the county is fascinated in marketing and aiding aid,” Modjeski explained.
The offer would near only if the proposal is permitted by the Board of Supervisors, which will give remaining thing to consider of the proposal at a long term conference.
Rockwood Golfing Park at 10239 Hull Avenue Road remains open up for business enterprise and owned by Si Lee and Mi Lee. The Lees purchased the 12-acre facility for $1.3 million in 2015. It attributes a driving variety and mini golf.
Si Lee declined to comment for this report when attained Monday.