Stanley Martin Households wishes to build hundreds of residential models on land at this time occupied by the key retail strip of Rockwood Sq. browsing center and Rockwood Golfing Park in Chesterfield County. Picture courtesy of Chesterfield County.
Chesterfield County’s prolonged-range program to transform the growing old Rockwood retail corridor is about to get a kick-off from a Reston-primarily based builder with a busy Richmond-area pipeline.
Stanley Martin Homes desires to develop 322 condominiums and townhomes on a 25-acre web page that encompasses the bulk of the Rockwood Sq. procuring heart in addition to Rockwood Golf Park.
The acreage, which is positioned close to the intersection of Hull Street and Courthouse roads, is less than agreement to Stanley Martin.
The rezoning and conditional-use software necessary to set the stage for the advancement is scheduled to be regarded by the Organizing Fee now.
The job would seem to be the initially official redevelopment proposal within the Rockwood Distinctive Emphasis Place approach, which county supervisors approved in April 2021. The program is a land-use guidebook for far more than 600 acres targeted on enhancement of Rockwood Square and other nearby searching facilities close to Rockwood Park.
The Rockwood Specific Target Area is a proposed land use program to guideline the venture area toward higher-density household and combined-use advancement. (Courtesy of Chesterfield County)
Stanley Martin’s application provides two alternatives for advancement of the web site. The initially consists of 236 two-around-two condominiums and 86 townhomes, all of which would be for-sale models. Gross sales prices have not been determined.
The two-around-two models would selection from 1,500 sq. feet to 2,500 square ft, and they would have two to a few bedrooms. Townhomes would operate from 1,500 square feet to 2,000 sq. toes and have a few bedrooms. The units would also have garages.
Choice two would be a 590-device enhancement that would involve flats as very well as two-above-twos and townhomes. Jeremy Swink, Stanley Martin’s vice president of land for the region, explained the 322-device progress is the most well-liked alternative.
“The county team place collectively a excellent plan we could adhere to and adopt primarily based on our expertise of the market place,” Swink said.
Swink mentioned the corporation expected to shut on the golf park later this calendar year and the retail strip in 2023. He would not say how much Stanley Martin will pay out for the land. The assemblage is composed of a number of parcels most just lately assessed at a put together $4 million, in accordance to on line county land information.
The organization is represented in the rezoning situation by Jeff Geiger of the Hirschler law firm.
The present structures on the challenge site would be demolished to make way for the new improvement. The venture does not incorporate the outparcels at Rockwood Sq..
The latest proprietor of Rockwood Sq. is Maryland-primarily based Spot Attributes LLC. It bought the center’s main retail strip for $1.9 million in 2012, in accordance to online county records. It bought an further 1.7-acre parcel within just the center in a individual offer that yr for $110,000 and one more parcel of 2.6 acres for $35,000 in 2019.
Business representative Gary Modjeski said Stanley Martin initiated discussions about a deal for the buying center house. He mentioned a sale is desirable for the reason that it has experienced trouble leasing the 34,000-sq.-foot anchor space following Big Heaps moved out of the middle quite a few decades ago.
“Finding it a lot more hard to lease a large retail footprint these days made us receptive to on the lookout at a change of use. And then we observed the approach occur out and stated, ‘OK, this is anything the county is intrigued in advertising and marketing and serving to aid,” Modjeski claimed.
The deal would close only if the proposal is accepted by the Board of Supervisors, which will give closing thing to consider of the proposal at a foreseeable future meeting.
Rockwood Golf Park at 10239 Hull Road Road continues to be open up for business and owned by Si Lee and Mi Lee. The Lees purchased the 12-acre facility for $1.3 million in 2015. It functions a driving selection and mini golfing.
Si Lee declined to comment for this short article when reached Monday.