Stanley Martin Homes is planning a 75-home development at 10915 Opaca Lane, a 33-acre tract near Wyndham Forest. (Courtesy of Google Maps)
With land in hand, a busy homebuilder is set to convert a longtime equestrian property in western Henrico into a new residential subdivision.
Stanley Martin Homes is planning a 75-home development at 10915 Opaca Lane, a 33-acre tract near Wyndham Forest that has been home to the Hundred Acre Woods horse boarding facility.
The Reston-based builder paid $6.6 million for the property in a deal that closed Feb. 25. The county most recently assessed the property at $3.9 million.
Rene Dosh
The seller was Hundred Acre Woods Inc., owned by stables operator Rene Dosh, who has managed the facility since acquiring it two decades ago. Dosh said the property had been used as stables for at least two decades before that.
Dosh said demand for developable land in that part of the county led her to solicit interest from builders.
“I knew that there was a scarcity of land in western Henrico, and being in the Glen Allen/Deep Run school district, that it was property that would be very appealing to someone,” Dosh said Monday.
“I reached out to the major players in the building industry in my area and just asked people what they wanted to pay for it. I didn’t really advertise it or set a price,” she said. “Stanley Martin was fabulous to work with. They gave me what I wanted for the property, and we did business.”
Dosh said the sale brings an end to her stables business and that users have since boarded their horses elsewhere. She said she wasn’t necessarily looking to end the business, which at its busiest housed as many as 14 horses.
“It was a situation where if I could get what I wanted for it, I would sell it. But if I couldn’t get what I wanted for it, I wouldn’t sell it,” she said.
Dosh secured zoning approval for the project last spring, working with local real estate attorney Andy Condlin with Roth Jackson Gibbons Condlin. The Bay Cos. is handling civil engineering for the project, which Stanley Martin is calling The Preserve at Turner Farm.
The property has housed stables for decades. (Courtesy of Rene Dosh)
Plans call for a zero-lot-line development with detached homes built closer to property lines. Adjacent homes would feature different façade designs, and access to the subdivision would be off Opaca Lane and Maben Hill Lane. The site borders the Chickahominy River and is just north of Henrico’s Springfield Landfill.
Stanley Martin’s Jeremy Swink said the homes will start at 2,400 square feet in size and feature crawl spaces or basements. Pricing for the homes was not available.
Swink said site work is scheduled to start next month, with paving to follow later this year.
The subdivision adds to a busy workload in Henrico for Stanley Martin, which is building hundreds of homes along the Brook Road corridor as part of its ReTreat at One development.
The company is developing its 200-unit West Broad Landing condos and 160-home Wistar Glen community off West Broad Street, and it has nearly 200 condos in the works next to GreenGate in Short Pump. It’s also active in Rocketts Landing and has begun construction on Carver Square, a 90-unit condo development in Richmond.
Stanley Martin Homes is planning a 75-home development at 10915 Opaca Lane, a 33-acre tract near Wyndham Forest. (Courtesy of Google Maps)
With land in hand, a busy homebuilder is set to convert a longtime equestrian property in western Henrico into a new residential subdivision.
Stanley Martin Homes is planning a 75-home development at 10915 Opaca Lane, a 33-acre tract near Wyndham Forest that has been home to the Hundred Acre Woods horse boarding facility.
The Reston-based builder paid $6.6 million for the property in a deal that closed Feb. 25. The county most recently assessed the property at $3.9 million.
Rene Dosh
The seller was Hundred Acre Woods Inc., owned by stables operator Rene Dosh, who has managed the facility since acquiring it two decades ago. Dosh said the property had been used as stables for at least two decades before that.
Dosh said demand for developable land in that part of the county led her to solicit interest from builders.
“I knew that there was a scarcity of land in western Henrico, and being in the Glen Allen/Deep Run school district, that it was property that would be very appealing to someone,” Dosh said Monday.
“I reached out to the major players in the building industry in my area and just asked people what they wanted to pay for it. I didn’t really advertise it or set a price,” she said. “Stanley Martin was fabulous to work with. They gave me what I wanted for the property, and we did business.”
Dosh said the sale brings an end to her stables business and that users have since boarded their horses elsewhere. She said she wasn’t necessarily looking to end the business, which at its busiest housed as many as 14 horses.
“It was a situation where if I could get what I wanted for it, I would sell it. But if I couldn’t get what I wanted for it, I wouldn’t sell it,” she said.
Dosh secured zoning approval for the project last spring, working with local real estate attorney Andy Condlin with Roth Jackson Gibbons Condlin. The Bay Cos. is handling civil engineering for the project, which Stanley Martin is calling The Preserve at Turner Farm.
The property has housed stables for decades. (Courtesy of Rene Dosh)
Plans call for a zero-lot-line development with detached homes built closer to property lines. Adjacent homes would feature different façade designs, and access to the subdivision would be off Opaca Lane and Maben Hill Lane. The site borders the Chickahominy River and is just north of Henrico’s Springfield Landfill.
Stanley Martin’s Jeremy Swink said the homes will start at 2,400 square feet in size and feature crawl spaces or basements. Pricing for the homes was not available.
Swink said site work is scheduled to start next month, with paving to follow later this year.
The subdivision adds to a busy workload in Henrico for Stanley Martin, which is building hundreds of homes along the Brook Road corridor as part of its ReTreat at One development.
The company is developing its 200-unit West Broad Landing condos and 160-home Wistar Glen community off West Broad Street, and it has nearly 200 condos in the works next to GreenGate in Short Pump. It’s also active in Rocketts Landing and has begun construction on Carver Square, a 90-unit condo development in Richmond.
That’s amazing that math works for them paying $88K per undeveloped lot. By the time they add roads, site work and utilities I would think they would need to get $170K per lot or more. I realize they will build on it themselves but having that much in the raw land for zero lot line, small lots seems like a lot. Just another example of crazy inflation and crazy housing cost.
Plus all the benefits of a landfill mountain just through a small line trees behind you too!