The run on new apartment development in an established Henrico office park continues to gain traction.
Ohio-based Edwards Communities Development Co. filed plans last week to construct 252 apartments on a 3.3-acre tract at 10945 Nuckols Road in Innsbrook.
The proposed development, dubbed Silver Hills at Innsbrook, would consume a grassy lot owned by Raleigh-based Highwoods Properties, one of the larger landlords in Innsbrook. The land sits next door to the U.S. Postal Service complex and across from The Overlook office complex at 4870 Sadler Road.
Jane DuFrane, Highwoods’ vice president and market lead for its Richmond division, declined to comment about the plans, including whether it is under contract with Edwards Communities to sell or lease the property.
Nathan Shor of S.L. Nusbaum Realty is representing Edwards Communities, while Lindsey Barden of Dark Horse Commercial Real Estate is representing Highwoods. Neither would comment about the project.
Highwoods purchased the property in 2008 for $1.2 million. The site most recently was assessed by the county for about $1.1 million, according to real estate records.
Seth Mendelsohn of Silver Hills Development, which is co-developer on the project with Edwards Communities, was not ready to comment.
Edwards Communities is a multifamily development firm that has constructed several apartment communities in Denver; Columbus, Ohio; and Louisville, Kentucky, according to its website. Silver Hills would be its first project in Virginia.
Silver Hills’ plans call for a four-story apartment complex with a 5,500-square-foot clubhouse and leasing office; a pool; a 320-space, four-story parking garage; and multiple interior courtyard areas, according to the site plan.
The parking garage, which would be constructed next door to the U.S. Postal property, would be accessible only via Sadler Road. There would be no immediate access to Silver Hills via Nuckols Road. The complex also would not have any private access to the USPS property. A traffic roundabout would be installed between the Silver Hills apartments and The Overlook office complex on Sadler Road, according to plans, including 15 parallel parking spaces along Sadler Road.
Several of the apartment units will line the perimeter of the roughly octagon-shaped property, according to site plans, which include several sidewalks around the development.
Draper Aden Associates is listed as the project’s civil engineer. A general contractor was not disclosed in the plans.
The Nuckols property previously was slated to be part of a much larger mixed-use development first proposed and approved in 2013 that included a 12-story office building and a four-story, 156-unit apartment building. However, that project never materialized and the site has remained undeveloped.
The site is zoned urban mixed-use, a designation that encourages a mix of residential and commercial uses on the property and has begun to attract apartment developers to the suburban office park.
This month the Henrico Planning Commission recommended a 13.3-acre site at 4359 Sadler Road be rezoned from office to urban mixed-use to accommodate up to 700 apartments and nearly 28,000 square feet of commercial space. It also recommended a provisional use permit be granted to support a variety of uses for commercial development, such as drive-thru windows for banks or coffee shops, and outdoor vending area for permitted special events or markets, at the site.
Construction is underway on a 100-unit, five-story apartment building at 4235 Innslake Place near the Innsbrook Drive and Dominion Boulevard intersection, by a development group led by Joe Marchetti Jr. and Richmond-based WVS Cos. A second four-story, 123-unit building is planned as part of that development’s second phase.
Just south of Innsbrook, father-son duo Steve and Jack Middleton of Richmond-based Commonwealth Properties LLC are finalizing plans with Henrico for another apartment development on a 5.4-acre tract at 3500 Cox Road.
Jack Middleton said the project, which was rezoned urban mixed-use and approved for up to 407 apartments in seven stories in June 2018, is still on track for a spring 2020 groundbreaking.