The next stage of a massive multiuse development taking shape beside Cosby High School in Midlothian is coming into view.
Main Street Homes, the Midlothian-based builder behind the 68-acre Cosby Village development at Hull Street and Otterdale roads, recently unveiled plans for Cosby Village Square, a commercial section that would fill nearly 20 acres along Hull.
Planned to total 122,500 square feet of commercial space, the section would add to other parts of Cosby Village that include a Publix-anchored shopping center, a 305-unit apartment complex and hundreds of townhomes to be built by MSH.
Plans for the new commercial section show 14 buildings ranging in size from a 2,300-square-foot standalone building to a three-story structure totaling 33,600 square feet. The buildings would house a mix of retail, dining, office and medical office users and would be anchored by a water feature fronting Hull. Parking lots, walking paths, street trees and landscaping would fill out the section.
MSH is working on Cosby Village Square with New York-based Create Architecture Planning & Design and with Richmond-based engineering firm Timmons Group, which highlighted the project in a virtual event this month.
Kay Pangraze, land acquisition manager for MSH, said the buildings will include lease and purchase options, with pricing anticipated to start at about $25 to $27 per square foot. Purchase options for 1-acre pad sites along Hull and Cosby Road would range from $750,000 to $1.75 million.
“This specific development has been in the works for over 20 years,” Pangraze said of Cosby Village, referring to when MSH owner Vernon McClure started buying up the land. “We are very excited about the potential of what we are doing at Cosby Village.”
Chesterfield County property records show that an entity tied to MSH purchased the four parcels that make up Cosby Village Square last year in two deals totaling just under $3 million. The latest county assessment valued the parcels collectively at $1.64 million.
County supervisors approved zoning for the commercial section in March, and Pangraze said MSH and Timmons have been adjusting the site plan in the months since. She said the commercial buildings are being designed with the pandemic in mind, with drive-thru windows not only for food and beverage tenants but also the office and retail spaces.
Pangraze said they’re working to finish up construction plans for the buildings, which would feature metal and brick facades and materials. She said negotiations with unnamed prospective tenants are underway.
The commercial section would add to the Publix-anchored shopping center, which was developed by North Carolina-based Harris Development Partners. In addition to the 50,000-square-foot grocery store, the site along Otterdale includes additional buildings totaling 17,700 square feet of retail space.
Overall, Cosby Village is zoned for up to 775 multifamily units, with a mix of townhomes and apartments. Alabama-based Liv Development is developing the 305 apartments, called Livingston Apartment Flats, which are filling just over half of a 9-acre site that Liv purchased from MSH last year for $6 million.
The market-rate apartments will be housed in three four-story buildings with a 477-space parking lot and will include a 10,000-square-foot clubhouse and a pool. Monthly rents range from $1,200 for a one-bedroom, one-bathroom totaling 580 square feet, to $2,500 for an 1,800-square foot unit with three bedrooms and two baths.
Liv’s Michael Ramsey said in the presentation that 50 of the apartments have been completed so far, with about 30 of those pre-leased and several units occupied. He said 50 more units and the clubhouse were set to be delivered by the end of this week. The apartments were designed by Alabama-based Nequette Architecture & Design.
Pangraze said the different sections of Cosby Village are designed to be interconnected to create a walkable, village-style community. A walkway across Cosby Road would connect the new commercial section to the townhomes that are planned to the west of the high school.
Main Street Homes is building those units, which will vary between three design styles and two- and three-level floorplans with first-floor owner suite options.
Prices shown on Main Street’s website range from about $305,000 to $385,000 for townhomes ranging from 2,000 to 2,500 square feet with two to four bedrooms and up to 3½ bathrooms.
Options for the townhomes include first- and second-level owner suites, and amenities include a clubhouse, pool, pocket parks, event lawns, a community garden and a dog park.
Pangraze said MSH is targeting the townhomes to a higher-income demographic that would feed Cosby High School and Tomahawk Middle School.
“There’s already a tremendous amount of population that continues to move westward and southwest into this area,” she said. “I feel like Vernon was visionary in purchasing this over 20 years ago, because he anticipated this would continue to grow.”
Pangraze added, “We’re doubling down in this area, because we feel like, between Harpers Mill, Magnolia Green, Foxcreek and some of the other developments in the immediate area, this is going to continue to grow, and the schools are a huge impact in the potential of this area.”
Note: A photo caption misidentified townhomes in the adjacent Greenwich Walk subdivision. The description has been corrected.