M id A tlantic Real Estate Journal — DelMarVa — December 18 - January 14, 2020 — 17A D el M ar V a


Workingwith theBoard of Supervisors to purchase property on theNWcorner ofMidlothianTpke. Chesterfield County Economic Development Authority announces newmixed-use development


we immediately recognized the potential for this site,” said Cooper Carry representative Abbey Oklak . “People want fun, activity- oriented destina- tions, and this has the poten- tial to be a central gathering place for the county.” The project, which is consis- tent with the County’s Compre- hensive Plan, will be construct- ed in multiple phases. The first phase will include residential apartments, commercial space, restaurants, an office building, a festival-like common area and a large sports tournament and entertainment venue. The second phase will add

townhouses, more commercial space, another office building, entertainment venues, and an expanded central festival square. “As the private development interests in this property are zoned and sold by the EDA, the remaining county investment is for the relocation of a nearby police precinct to a much more visible and accessible location and consolidation of a new school board office to best maximize student space and programs at the Chesterfield Career and Technical Center,” said County Administrator Joe Casey . MAREJ

H E S T E R F I E L D COUNTY, MD — The Chesterfield County Economic Development Authority (EDA) is working with the Board of Supervisors to purchase a property on the northwest corner of Midlothian Tpke. near ChippenhamPkwy. for a vibrant, new mixed-use development featuring high- quality residential, office, com - mercial and entertainment venues. The project will revitalize the area between Stonebridge and the Boulders office park and residential complexes to the west. At the center of the develop- ment will be an open, green plaza/gathering space that will be an ideal location for concerts, farmers market, fes- tivals and public events. The 42-acre site will include abun- dant green space, walkability and connectivity. “Chesterfield residents are seeking new options to live, work, shop and play in a cen- tral location. This proposal gives the county another qual- ity mixed-use development at the eastern gateway to the county, that will serve as a destination for residents and visitors,” said Board of Super- visors representative Leslie Haley . “The project will create a strong sense of community, integrate attractive greens- paces, and celebrate the area’s unique history, while creating jobs and generating significant tax revenue for the county. The project will also add con- nectivity to the Boulders,” Haley said. It’s anticipated that the Board of Supervisors will ap- prove a request to schedule a public hearing August 25th at their regularly scheduled board meeting today to con- sider funding the $16 million purchase. In addition to the public hearing, there will be other opportunities for public comment as the property goes through the zoning process in the coming months. The EDA has hired the inter- nationally recognized Cooper Carry architectural firm to assist with design of the site. Cooper Carry has extensive expertise working on projects of this type, and will incorpo- rate best practices from other highly successful projects in their plans. “Cooper Carry has worked on projects around the world and

Northwest corner of Midlothian Tpke. rendering spotlliigghhttss upcoming • APPRAISAL • FALL PREVIEW upcoming

Publication date: SEPTEMBER 17, 2021 | Deadline: SEPTEMBER 3, 2021 • RETAIL DESIGN • INSURANCE/TITLE •WOMEN IN BUSINESS • PROPERTY MANAGEMENT Publication date: OCTOBER 22, 2021 | Deadline: OCTOBER 15, 2021 Special advertising rates to all participating firms. The Mid Atlantic Real Estate Journal welcomes all editorial dealing with the commercial/industrial real estate industry. e-mail: lchristman@marejournal.com

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