Site work for ReTreat at One has cleared land along Telegraph Road and beside I-95, visible in the distance. (Courtesy of Stanley Martin Homes)
A massive residential development underway in northern Henrico is turning heads along a stretch of Interstate 95.
Stanley Martin Homes is about a year into site work for its 600-home ReTreat at One development, slated to fill nearly 100 acres along the west side of the interstate north of Parham Road and across from the future GreenCity development site.
An initial batch of the builder’s signature “two-over-two”-style condos has been constructed, with its first units scheduled for completion this quarter.
An initial batch of condos are under construction. (Jonathan Spiers photos)
Roadwork has commenced with a widening of Telegraph Road, which bisects part of the site, and construction is underway on Stanley Martin’s portion of an extension of Magellan Parkway, which is planned to cross the interstate via a new bridge and connect with Brook Road beside the DMV branch.
ReTreat at One is planned for 606 homes, including condos, townhomes, single-floor villa homes, and detached single-family homes. The townhomes will be located on the northern part of the land, with the condos and villas mixed in heading south to create a transition between the detached homes closer to Scott Road.
The development isn’t the only activity in the vicinity, as the nearby Glens at Scott Place, a townhome development by Eastwood Homes, is filling out with new units that also are under construction. That complex, across Scott Road from where ReTreat at One will reach, is closer to the Parham/I-95 interchange and was approved last year for 35 more homes, bringing its total unit count to 115.
Stanley Martin expects to deliver the first condo units this quarter.
Approved in late 2019 and expanded the following year, ReTreat at One is the largest undertaking for Stanley Martin since the Reston-based builder entered the Richmond market nearly a decade ago.
It’s been active up and down the Brook Road corridor with infill projects like Lakeside Landing beside Brook Run Shopping Center, and it’s planning 75 townhomes on a site in front of the redeveloping Virginia Center Commons.
The company paid $2.3 million for that 5-acre site, between the mall and Brook Road, in a deal that closed in late November. Plans call for three-story units priced in the high $200,000s with floorplans averaging 2,000 square feet.
The project includes a portion of the planned Magellan Parkway extension to Brook Road.
Jeremy Swink, Stanley Martin’s Southern region vice president of land, said the townhomes at VCC will include rear-loading two-car garages and other features distinct from its other product along the Brook Road corridor.
“We’ll try to do something a little different there,” he said, adding that they’re aiming to break ground later this quarter and complete construction by the end of 2023. Kimley-Horn is handling engineering for the project.
The Brook Road projects add to a heavy workload for Stanley Martin in Henrico, where it’s also developing its 200-unit West Broad Landing condos and 160-home Wistar Glen community off West Broad Street. Farther west along Broad, it has nearly 200 condos in the works next to GreenGate in Short Pump.
And in the city, the company has begun construction on Carver Square, a 90-unit condo development at Lombardy and Moore streets.
Site work for ReTreat at One has cleared land along Telegraph Road and beside I-95, visible in the distance. (Courtesy of Stanley Martin Homes)
A massive residential development underway in northern Henrico is turning heads along a stretch of Interstate 95.
Stanley Martin Homes is about a year into site work for its 600-home ReTreat at One development, slated to fill nearly 100 acres along the west side of the interstate north of Parham Road and across from the future GreenCity development site.
An initial batch of the builder’s signature “two-over-two”-style condos has been constructed, with its first units scheduled for completion this quarter.
An initial batch of condos are under construction. (Jonathan Spiers photos)
Roadwork has commenced with a widening of Telegraph Road, which bisects part of the site, and construction is underway on Stanley Martin’s portion of an extension of Magellan Parkway, which is planned to cross the interstate via a new bridge and connect with Brook Road beside the DMV branch.
ReTreat at One is planned for 606 homes, including condos, townhomes, single-floor villa homes, and detached single-family homes. The townhomes will be located on the northern part of the land, with the condos and villas mixed in heading south to create a transition between the detached homes closer to Scott Road.
The development isn’t the only activity in the vicinity, as the nearby Glens at Scott Place, a townhome development by Eastwood Homes, is filling out with new units that also are under construction. That complex, across Scott Road from where ReTreat at One will reach, is closer to the Parham/I-95 interchange and was approved last year for 35 more homes, bringing its total unit count to 115.
Stanley Martin expects to deliver the first condo units this quarter.
Approved in late 2019 and expanded the following year, ReTreat at One is the largest undertaking for Stanley Martin since the Reston-based builder entered the Richmond market nearly a decade ago.
It’s been active up and down the Brook Road corridor with infill projects like Lakeside Landing beside Brook Run Shopping Center, and it’s planning 75 townhomes on a site in front of the redeveloping Virginia Center Commons.
The company paid $2.3 million for that 5-acre site, between the mall and Brook Road, in a deal that closed in late November. Plans call for three-story units priced in the high $200,000s with floorplans averaging 2,000 square feet.
The project includes a portion of the planned Magellan Parkway extension to Brook Road.
Jeremy Swink, Stanley Martin’s Southern region vice president of land, said the townhomes at VCC will include rear-loading two-car garages and other features distinct from its other product along the Brook Road corridor.
“We’ll try to do something a little different there,” he said, adding that they’re aiming to break ground later this quarter and complete construction by the end of 2023. Kimley-Horn is handling engineering for the project.
The Brook Road projects add to a heavy workload for Stanley Martin in Henrico, where it’s also developing its 200-unit West Broad Landing condos and 160-home Wistar Glen community off West Broad Street. Farther west along Broad, it has nearly 200 condos in the works next to GreenGate in Short Pump.
And in the city, the company has begun construction on Carver Square, a 90-unit condo development at Lombardy and Moore streets.
These sites are classic examples of an”outside” developer recognizing development opportunities that local developers had missed. SMH is just doing that in volumes. The two over two concept has caught like wildfire and is now being duplicated and redesigned by some homegrown builders like Stylecraft and HHHunt Homes. National builder Ryan has introduced condos in the more traditional flat configurations. Higher densities are necessary to stabilize communities with affordable home ownership alternatives.