Construction is underway on the final piece of a Henrico County subdivision half a century in the making.
Bill Stinson of WL Stinson Custom Homes is developing the last section of Rocky Branch, a residential development in western Henrico that dates back to the 1960s. The area is just west of Woodman Road and south of Parham Road.
The 10-acre parcel at 8400 Forge Road has room for 28 lots to be filled by Ryan Homes. While Stinson Custom Homes is in the homebuilding business itself, Ryan was brought on as the builder for this project due to the market in that area, Stinson said.
“My average house is well over $1 million. That area, that’s a $300,000 market,” he said. “It’s just not my market, so we decided to sell those out to other builders.”
Stinson said Ryan Homes has all of the lots under contract. The builder plans to construct a model and start sales in December or January, said Laura Ellis, division sales manager for Ryan.
Homes will be priced in the upper $200,000s and will come in four or five different floor plans, including one with a first-floor bedroom. The planned model features a floor plan called the Venice, which includes four or more bedrooms and at least two bathrooms in more than 2,200 square feet of space.
Stinson purchased the parcel in August for $1.176 million, according to county records, though the property had been in his family’s ownership for decades. He said his father, J.L. Stinson, purchased the property in the 1960s and started developing Rocky Branch in pieces over time. These 28 lots, called Rocky Branch Farm, are the last section of the development.
“This is it for Rocky Branch,” he said.
Stinson said he purchased the land under his company’s name because that’s the entity he uses in developing properties. He said the previous owner, Carter Oaks LLC, was more of a family entity.
Stinson said it is costing about $80,000 per lot to develop the infill subdivision, which will consist of 10 lots on Forge Road, 16 on nearby Eden Street and two that will be part of the older subdivision. Stinson said the newer subdivision would not connect with the older Rocky Branch, as no connector road is planned between Forge and Eden.
“It could have been part of Rocky Branch years ago, but the neighbors did not want that to be a through-street there, so we agreed to just have two cul-de-sacs,” he said.
Stinson said the site wasn’t developed until now due to drainage issues that have since been resolved. He said the permitting review process took about a year, and a plan of development for the site was approved last year.
The project is among the latest in the area for Ryan Homes, which is also building 5,000-square-foot homes at Short Pump Manor, townhomes in the Shire along John Rolfe Parkway, and townhomes in Riverside Heights in Chesterfield.