Collins Enterprises has been selected to build the first phase of the Spring Rock Green redevelopment, a $75 million, six-story building with ground-floor retail and 300 apartments. (Images courtesy of Chesterfield County)
Days after the Chesterfield Planning Commission recommended a rezoning proposal tied to Spring Rock Green’s redevelopment, the county has named the developer for the project’s first phase.
Connecticut-based Collins Enterprises has been tapped to build a six-story, $75 million building with 300 apartments, 27,000 square feet of ground-floor commercial space and structured parking.
The company is under contract to buy a 2.8-acre portion of the 42-acre Spring Rock Green site, which the Chesterfield Economic Development Authority purchased for $16 million last year at 7100 and 7318 Midlothian Turnpike.
The Collins project is expected to be the first step in converting the aging shopping center into a mixed-use development. The EDA intends to sell off other pieces of the overall site to developers who will then fill out the project.
Economic Development Director Garrett Hart said Collins will pay $1.1 million for its portion and is expected to finish construction on its phase in mid-2024.
The rest of the redevelopment, which is planned to include additional residential units, office space and two-rink ice hockey, is expected to follow in future phases.
The overall project’s scope includes more than 1,000 apartments, a 215-room hotel, 300,000 square feet of office space and 125,000 square feet of restaurants and retail space.
The first phase is expected to be the mixed-used building labeled with the number five.
The company said the general contractor will be Clancy & Theys Construction Co. and the project architect will be Odell Associates Inc. The company said Spring Rock Green won’t be its first project in the Richmond region but didn’t elaborate on its local work by press time.
“Our vision is to establish a destination community for people to live, work, shop and play,” company President Arthur Collins said in a prepared statement. “The streets will be walkable and have open spaces weaving throughout the development.”
Hart said Collins approached Chesterfield about doing such a project at Spring Rock Green while the property was under contract to be bought by the EDA, and Collins’ vision matched the county’s existing plans for the site.
“He wanted an urban design and we wanted an urban design,” Hart said of Collins. “It was a convenient meeting of the minds.”
Collins has an office in Norfolk in addition to its headquarters up north. The company owns and operates a $500 million portfolio of office and multi-family buildings on the East Coast, according to its website.
Collins has developed projects in Norfolk and Hampton as well as in New York, New Jersey and Connecticut.
The Chesterfield Planning Commission voted last week to recommend approval of the county-led rezoning proposal for Spring Rock Green. The Board of Supervisors will have to provide final approval at a future meeting.
Demolition of the shopping center is expected to start in August or September. The outparcels where Chipotle Mexican Grill, Panera Bread and other businesses are located aren’t owned by the EDA and aren’t part of the project. Chesterfield also plans to build a police station at the development.
Collins Enterprises has been selected to build the first phase of the Spring Rock Green redevelopment, a $75 million, six-story building with ground-floor retail and 300 apartments. (Images courtesy of Chesterfield County)
Days after the Chesterfield Planning Commission recommended a rezoning proposal tied to Spring Rock Green’s redevelopment, the county has named the developer for the project’s first phase.
Connecticut-based Collins Enterprises has been tapped to build a six-story, $75 million building with 300 apartments, 27,000 square feet of ground-floor commercial space and structured parking.
The company is under contract to buy a 2.8-acre portion of the 42-acre Spring Rock Green site, which the Chesterfield Economic Development Authority purchased for $16 million last year at 7100 and 7318 Midlothian Turnpike.
The Collins project is expected to be the first step in converting the aging shopping center into a mixed-use development. The EDA intends to sell off other pieces of the overall site to developers who will then fill out the project.
Economic Development Director Garrett Hart said Collins will pay $1.1 million for its portion and is expected to finish construction on its phase in mid-2024.
The rest of the redevelopment, which is planned to include additional residential units, office space and two-rink ice hockey, is expected to follow in future phases.
The overall project’s scope includes more than 1,000 apartments, a 215-room hotel, 300,000 square feet of office space and 125,000 square feet of restaurants and retail space.
The first phase is expected to be the mixed-used building labeled with the number five.
The company said the general contractor will be Clancy & Theys Construction Co. and the project architect will be Odell Associates Inc. The company said Spring Rock Green won’t be its first project in the Richmond region but didn’t elaborate on its local work by press time.
“Our vision is to establish a destination community for people to live, work, shop and play,” company President Arthur Collins said in a prepared statement. “The streets will be walkable and have open spaces weaving throughout the development.”
Hart said Collins approached Chesterfield about doing such a project at Spring Rock Green while the property was under contract to be bought by the EDA, and Collins’ vision matched the county’s existing plans for the site.
“He wanted an urban design and we wanted an urban design,” Hart said of Collins. “It was a convenient meeting of the minds.”
Collins has an office in Norfolk in addition to its headquarters up north. The company owns and operates a $500 million portfolio of office and multi-family buildings on the East Coast, according to its website.
Collins has developed projects in Norfolk and Hampton as well as in New York, New Jersey and Connecticut.
The Chesterfield Planning Commission voted last week to recommend approval of the county-led rezoning proposal for Spring Rock Green. The Board of Supervisors will have to provide final approval at a future meeting.
Demolition of the shopping center is expected to start in August or September. The outparcels where Chipotle Mexican Grill, Panera Bread and other businesses are located aren’t owned by the EDA and aren’t part of the project. Chesterfield also plans to build a police station at the development.
Art Collins and his partner Jeff Sirkin have been knocking around Richmond for years now looking for the right opportunity. They are quality people and builders, so the County has made a solid selection. This will be a terrific property. I heard the County has a significant office user in its back pocket for the first phase as well.
Collins Enterprises got a great deal at $392,857/acre .Perhaps this was an incentive to get the ball rolling on the redevelopment of Spring Rock Green. Chesterfield Economic Development should do better on the remaining acreage.
The City of Richmond needs to start looking at redevloping the land around their side next to this devopement there is a lot of land going to waste in this part of town by the highway.
More apartments. What about single family homes? What about accessible and low income housing? Who do they think is going to move there? Chesterfield’s leaders need to be tested for drugs!