The mixed-use development will fill 10 acres in the Centerville area. (Have Site Will Travel)
A tract of Goochland County farmland previously zoned for commercial development is in the hands of a new owner.
Harry Bawa, owner of the Wingate by Wyndham Richmond Short Pump, closed last week on a 10.3-acre property at the Manakin Road and Broad Street Road intersection in the Centerville area for $1.7 million.
John Jay Schwartz, a broker with Have Site Will Travel Ltd., represented Bawa in the transaction.
Formerly the site of a proposed retail development called Manakin Village, the property was rezoned from agriculture to commercial eight years ago – which Bawa said made securing the property ideal.
Bawa said nothing has been decided for the property, but a marketing flier shows a retail layout for a proposed development anchored by a 53,000-square-foot shopping center. Three 1-acre pad sites fronting Broad Street Road also are shown, along with smaller strip centers mostly fronting Manakin Road.
“Right now, we are early in the planning process,” Bawa said. “Nothing has been submitted to the county at the moment.”
Schwartz said the property is allowed to host up to 86,000 square feet of commercial space.
Mostly a wide-open field, the property is roughly 2 miles from Short Pump and wraps around Satterwhite’s Restaurant. The property most recently was assessed for $2.7 million, according to county tax records.
Schwartz, who is marketing the site for lease to potential tenants, said several commercial users are interested, including grocery stores, office users, restaurants and a hotel.
With large plots of land accounted for in Short Pump, developers are crossing the Henrico County line into Goochland for deals.
Across the street from Bawa’s purchase, a group of area businessmen including developer Scott Gaeser and Markel Corp.’s Tony Markel is planning a mixed-use development. Plans call for 250 or more residential units and 80,000 square feet of commercial space on 37 acres.
And Eagle Construction of VA has proposed a 308-lot subdivision on 153 acres at 1515 Hockett Road, south of Broad Street Road on three parcels between Hockett and State Route 288.
“Growth is headed that way,” Bawa said. “There are a lot of scheduled developments set to go up in the area, and that makes (this) property suitable for commercial development.”
The mixed-use development will fill 10 acres in the Centerville area. (Have Site Will Travel)
A tract of Goochland County farmland previously zoned for commercial development is in the hands of a new owner.
Harry Bawa, owner of the Wingate by Wyndham Richmond Short Pump, closed last week on a 10.3-acre property at the Manakin Road and Broad Street Road intersection in the Centerville area for $1.7 million.
John Jay Schwartz, a broker with Have Site Will Travel Ltd., represented Bawa in the transaction.
Formerly the site of a proposed retail development called Manakin Village, the property was rezoned from agriculture to commercial eight years ago – which Bawa said made securing the property ideal.
Bawa said nothing has been decided for the property, but a marketing flier shows a retail layout for a proposed development anchored by a 53,000-square-foot shopping center. Three 1-acre pad sites fronting Broad Street Road also are shown, along with smaller strip centers mostly fronting Manakin Road.
“Right now, we are early in the planning process,” Bawa said. “Nothing has been submitted to the county at the moment.”
Schwartz said the property is allowed to host up to 86,000 square feet of commercial space.
Mostly a wide-open field, the property is roughly 2 miles from Short Pump and wraps around Satterwhite’s Restaurant. The property most recently was assessed for $2.7 million, according to county tax records.
Schwartz, who is marketing the site for lease to potential tenants, said several commercial users are interested, including grocery stores, office users, restaurants and a hotel.
With large plots of land accounted for in Short Pump, developers are crossing the Henrico County line into Goochland for deals.
Across the street from Bawa’s purchase, a group of area businessmen including developer Scott Gaeser and Markel Corp.’s Tony Markel is planning a mixed-use development. Plans call for 250 or more residential units and 80,000 square feet of commercial space on 37 acres.
And Eagle Construction of VA has proposed a 308-lot subdivision on 153 acres at 1515 Hockett Road, south of Broad Street Road on three parcels between Hockett and State Route 288.
“Growth is headed that way,” Bawa said. “There are a lot of scheduled developments set to go up in the area, and that makes (this) property suitable for commercial development.”
The road continues west and it’s only natural that development will follow now that sanitary sewer and public water are available. Broad Street remains Richmond most vital commercial Avenue and land prices east of 288 will force growth to move west.