The first piece of a massive Bon Secours-powered Short Pump development has broken ground.
Work is underway at Avia, a 320-unit apartment project headed up by Steven Middleton’s Commonwealth Properties that will be part of one of several large developments beginning to shape near the Henrico-Goochland county line.
Middleton’s project will kick off the surrounding 70-acre mixed-use project master planned by Atack Properties. The entire development will go by the name Broad Hill Centre and will be anchored by a 170,000-square-foot Bon Secours medical park just south of Middleton’s apartments.
Broad Hill Centre will also include a 13-building condominium development and 76 townhomes that will likely run from $300,000 to about $350,000.
Plans for Middleton’s project call for 15 buildings with one-, two- and three-bedroom apartments that he said he hopes will appeal to a wide range of renters.
“We’ll have some empty-nesters, we’ll have some young professionals, we’ll have some young couples,” he said. “We’ll probably have some families because we have good schools out there.”
Middleton will build on about 20 acres he bought from Atack Properties in September for $7.75 million. Atack bought the entire Broad Hill Centre property running from Broad Street to Interstate 64 in 2011 for $6.75 million. Plans for Avia also call for two pools, a rooftop lounge, playground, dog park, jogging trail and fitness center.
Middleton is funding the project with private investment money, he said. The entire complex is expected to take about 18 months to complete, but Middleton is aiming to move in Avia’s first tenants in about a year.
“We’ll roll through the development and bring a building online and lease that up while we build the next one,” he said. “We’ll start all the buildings within six months of each other and finish them within six months of each other.”
Cory Atack of Atack Properties said Bon Secours is buying its Broad Hill Centre land in a deal he expects to close this month.
The townhome sites have drawn some interest from national builders, he said, but Atack Properties will wait until the land for the townhomes is developed to close any deals. He expects to begin marketing the sites early next year.
Atack said his firm has met with national grocery chain, gas and convenience stores and hotel representatives interested in a trio of outparcels at Broad Hill Centre.
Broad Hill Centre is one of four massive development projects underway between Gayton Road and the Goochland County line.
One the southern side of Broad Street, Markel | Eagle Partners plans to build 300 townhomes and detached residences and up to 224,000 square feet of commercial space at its GreenGate development. Just west of GreenGate, 254 apartments and a Medarva-anchored medical office building are under construction at the Notch at West Creek.
To Atack’s immediate east sits the site of West Broad Marketplace, a planned retail development with grocer Wegmans and outdoors store Cabela’s signed on as co-anchors. West Broad Marketplace is being planned in collaboration with the Atack development, and each will provide access to the other.
With nearly 1,000 apartments in the works between the Retreat at West Creek, Breeden Co.’s Marshall Springs community on Gayton Road and Avia, Middleton hopes easy access to West Broad Marketplace will give his project an edge.
“I think that our location is a little better because of all the associated retail, and I think that our community will be a little more upscale than the communities are there,” Middleton said. “That’s not untypical of apartment development; it keeps getting nicer and nicer and nicer.”