The development firm of one of Richmond’s most prominent businessmen is looking to add to a surge of residential development that’s spilling into eastern Goochland County.
Riverstone Properties, the real estate arm of Bill Goodwin’s Riverstone Group, is looking to rezone 176 acres it owns between State Route 288 and Hockett Road for a residential development totaling 438 single-family homes, according to a notice posted by the county.
The notice lists eight parcels totaling just over 200 acres that are part of West Creek Business Park, which Riverstone Group owns and operates with the Pruitt Cos. The 3,500-acre park straddles the Goochland-Henrico county line between West Broad Street and Patterson Avenue.
An entity tied to Riverstone Properties filed a pre-application for rezoning with the county that requires a community meeting to be held before a more detailed application can be submitted.
Jeff Galanti, a principal with Riverstone Properties, declined to discuss the project prior to submitting the detailed application, which would follow the meeting that’s scheduled May 14. It will be held at 6:30 p.m. at the Centerville Vol. Fire & Rescue station at 52 Broad Street Road.
Documents filed with the Goochland community development department describe a subdivision consisting of single-family homes, along with a clubhouse and pool.
If approved, the development, referred to in the notice as Hermitage Gardens, would be the third residential project of comparable size slated to fill the corridor of land between 288 and Hockett south of Broad Street Road and add a total of more than 1,000 homes.
Located three-quarters of a mile south of Broad, the Hermitage Gardens site is immediately south of a 153-acre site recently zoned for Readers Branch, a 303-home subdivision by Eagle Construction of VA.
Farther south, HHHunt received approval in March for a 520-home age-restricted community beside Capital One’s Goochland campus, just south of Tuckahoe Creek Parkway.
Those projects add to a wave of new development that is introducing new uses to West Creek, transitioning the unrealized industrial park – originally developed in the 1980s for a Motorola plant – from primarily office use to a mixed-use corridor.
The 373-unit 2000 West Creek, an apartments and townhomes complex by Tennessee-based Bristol Development Group, is introducing the first multifamily residential development to the park’s original section along West Creek Parkway.
Near that development, Hardywood Park Craft Brewery and Kindred Spirit Brewing have added beer-making to the mix. Farther south along Patterson Avenue, the Pruitts are planning a mixed-use development approved last year that would also include a multifamily component.
And most recently, Maryland-based developer Erickson Living has filed plans for a $200 million, 1,450-unit assisted living complex on 95 acres just south of West Broad Street.
Hermitage Gardens wouldn’t be the first residential project for Riverstone Properties in eastern Goochland. Southwest of the site, construction is getting underway on the 73-acre Tuckahoe Creek, a subdivision planned for 47 million-dollar homes on 1-acre lots.
The eight parcels that would make up Hermitage Gardens total 202 acres and are collectively valued at more than $4.41 million, according to assessments listed in county property records.
Much of Riverstone’s land holdings are across the river in Midlothian, where it is progressing with its massive CenterPointe development. In 2015, the company added 600 acres that had been part of the Sowers family’s stalled Roseland development.
Early last year, the company added to its portfolio in Richmond as well, purchasing the downtown James Center office complex for $108 million. Riverstone’s city holdings include The Jefferson Hotel, and a collection of its properties near Mechanicsville are being floated to state legislators as the preferred site for a new headquarters compound for the Virginia Department of Alcoholic Beverage Control, potentially freeing up its current building for a replacement for The Diamond.