A third powerful Richmond name has been added to the mix at a massive real estate project in Goochland.
The Lingerfelt Companies have broken ground on the first of three 60,000-square-foot medical office buildings the firm plans to build at the Notch at West Creek development near the Henrico-Goochland county line.
The company closed Dec. 20 on the purchase of a six-acre parcel in the Notch and is under contract to purchase more land that would give the company about 20 contiguous acres in the development, principal Alan Lingerfelt said. The Lingerfelt Companies paid $1.2 million for the six acres, according to Goochland County property records.
The lead tenant in the initial building will be MEDARVA, a Stony Point-based surgery center. Lingerfelt said that the building will have multiple tenants and that MEDARVA might eventually take space in some of the other planned buildings.
Lingerfelt’s project is the first office development to take shape at the Notch at West Creek. The Notch is a 230-acre planned mixed-use development within West Creek Business Park, which consists of 3,200 acres owned by the Pruitt family’s Pruitt Companies and Riverstone Group, part of Bill Goodwin’s CCA Industries.
The Pruitt Companies, led by Tommy and Michael Pruitt, have been one of the Richmond area’s most ambitious developers. In addition to West Creek, it built and still owns a large stake in Short Pump Town Center.
Completion of Lingerfelt’s first building at the Notch is planned for November. Hourigan Construction is the project’s general contractor, and Price Studios designed the building. The Lingerfelt Companies are financing the property using cash and loans from Union First Market Bank.
Lingerfelt Companies does not have a timeline for work on the project’s second and third office buildings.
“It depends on the velocity in the leasing in the first building as to how quickly we start the other two,” Alan Lingerfelt said.
The Notch sits at the southeast corner of the state route 288 interchange on Broad Street Road. The entire West Creek development straddles 288, stretching from Patterson Avenue to Broad Street Road.
The Lingerfelt land is immediately west of the Retreat at West Creek, a 254-unit apartment development at the Notch that is under construction. South Carolina-based Kassinger Development Group and North Carolina’s Richardson Properties are developing the Retreat and broke ground on the project in April.
The Retreat and the beginnings of a road that will eventually connect Broad Street Road with Tuckahoe Creek Parkway are the only other pieces of the Notch that are underway. Plans also call for a medical office park, corporate offices and retail fronting Broad Street Road.
“This will be the first project where we will actually have residents living within West Creek, so we think support services will be important to those folks,” Pruitt Companies principal Michael Pruitt said. “As we get some office uses in there, they will want places to eat lunch and go to the bank and things like that.”