Legacy Land Development is planning 28 home lots on about a dozen acres straddling John Rolfe Parkway at its intersection with the northern portion of Pump Road. (Google map)
Land left over from Henrico’s realignment of a major intersection in the county’s western end is being positioned for residential development.
Legacy Land Development is planning 28 home lots on about a dozen acres straddling John Rolfe Parkway at its intersection with the northern portion of Pump Road.
The undeveloped land, along the east side of the parkway north of Church Road and on the west side south of Pump, was previously county-owned land that was acquired for the parkway’s construction about a decade ago.
After the parkway was completed and its intersection with Church and Pump was reconfigured, the remaining land was declared surplus and put up for sale with the county putting out an invitation for bids.
Legacy Land, a Henrico-based developer whose local projects include Pemberton Ridge in the county and Westlake Heights in the city, placed the highest bid received: $525,000. It purchased the property in January for that amount under the entity Pemberton Investments LLC.
Sample elevations show two-story homes with two-car garages. (Henrico documents)
The purchase price was about a third of the county’s assessed value for the property of $1.6 million. But given its narrow configuration and division by the roads into four separate pieces, two of which are smaller and not part of the development proposal, the sale price was reflective of what the market had to bear, said Steve Yob, a deputy county manager for Henrico.
“I think that’s a pretty fair assessment of what the market would have paid for it,” Yob said. Noting the site’s configuration with roads running through it, he added, “The value for somebody to develop it is accordingly reduced, because you can’t get all 12 acres on it.”
Yob noted that Legacy Land’s offer was one of only two the county received in a second round of bids. An initial solicitation attracted just one bid, at $313,000, which Yob said the county deemed too low.
Considering as well that the land was not tax-producing property, and that unused land can require maintenance costs and attract trespassers and unauthorized activity, Yob said it was in the county’s best interest to sell at the highest price received.
“We’re trying to act in the best interest of our taxpayers,” he said.
A map of the longer piece of land along John Rolfe Parkway shows home sites and a common area.
Legacy Land is seeking a rezoning to allow 28 lots, reduced from an initial proposal of 32, effectively split between the longer piece of land on the east side of the parkway and a triangular-shaped piece on the west side south of Pump and beside Old Pump Road.
The houses will be a minimum of 2,100 square feet in size and include two-car garages. Plans do not specify numbers of bedrooms and bathrooms.
The smaller two pieces that make up the property – one at the Church Road intersection and the other along the north side of Pump – are not included in the proposal. Plans show a retention pond on the property south of Pump.
A builder for the homes has not been selected, said Andy Condlin, a Roth Jackson attorney representing Legacy Land in its rezoning request. Prices for the homes are not mentioned in the plans.
“We tried to design this to be consistent with the surrounding properties, but we also have to take into consideration that we’re on John Rolfe Parkway, Pump Road and Church Road and provide buffers for these homes and surrounding homes,” Condlin said.
A map of the triangular-shaped property with home sites and a retention pond.
The Henrico Planning Commission supported the rezoning at its July 14 meeting. The request now goes to the Board of Supervisors.
The homes would fill out what land remains from the realignment of the Pump and Church crossroads when John Rolfe was extended to connect with West Broad Street. The redesign and associated rezonings were intended to encourage a mix of development that would result in a walkable, urban village-style community.
Across the Church Road intersection south of the site, another remnant from that project is also lined up for development. Rebkee Co. is working with Main Street Homes to develop the 8-acre site there with 81 townhomes and about 7,000 square feet of commercial space for a project called John Rolfe Mews.
County property records show Main Street Homes purchased the property through an LLC in April for $6.1 million.
Legacy Land Development is planning 28 home lots on about a dozen acres straddling John Rolfe Parkway at its intersection with the northern portion of Pump Road. (Google map)
Land left over from Henrico’s realignment of a major intersection in the county’s western end is being positioned for residential development.
Legacy Land Development is planning 28 home lots on about a dozen acres straddling John Rolfe Parkway at its intersection with the northern portion of Pump Road.
The undeveloped land, along the east side of the parkway north of Church Road and on the west side south of Pump, was previously county-owned land that was acquired for the parkway’s construction about a decade ago.
After the parkway was completed and its intersection with Church and Pump was reconfigured, the remaining land was declared surplus and put up for sale with the county putting out an invitation for bids.
Legacy Land, a Henrico-based developer whose local projects include Pemberton Ridge in the county and Westlake Heights in the city, placed the highest bid received: $525,000. It purchased the property in January for that amount under the entity Pemberton Investments LLC.
Sample elevations show two-story homes with two-car garages. (Henrico documents)
The purchase price was about a third of the county’s assessed value for the property of $1.6 million. But given its narrow configuration and division by the roads into four separate pieces, two of which are smaller and not part of the development proposal, the sale price was reflective of what the market had to bear, said Steve Yob, a deputy county manager for Henrico.
“I think that’s a pretty fair assessment of what the market would have paid for it,” Yob said. Noting the site’s configuration with roads running through it, he added, “The value for somebody to develop it is accordingly reduced, because you can’t get all 12 acres on it.”
Yob noted that Legacy Land’s offer was one of only two the county received in a second round of bids. An initial solicitation attracted just one bid, at $313,000, which Yob said the county deemed too low.
Considering as well that the land was not tax-producing property, and that unused land can require maintenance costs and attract trespassers and unauthorized activity, Yob said it was in the county’s best interest to sell at the highest price received.
“We’re trying to act in the best interest of our taxpayers,” he said.
A map of the longer piece of land along John Rolfe Parkway shows home sites and a common area.
Legacy Land is seeking a rezoning to allow 28 lots, reduced from an initial proposal of 32, effectively split between the longer piece of land on the east side of the parkway and a triangular-shaped piece on the west side south of Pump and beside Old Pump Road.
The houses will be a minimum of 2,100 square feet in size and include two-car garages. Plans do not specify numbers of bedrooms and bathrooms.
The smaller two pieces that make up the property – one at the Church Road intersection and the other along the north side of Pump – are not included in the proposal. Plans show a retention pond on the property south of Pump.
A builder for the homes has not been selected, said Andy Condlin, a Roth Jackson attorney representing Legacy Land in its rezoning request. Prices for the homes are not mentioned in the plans.
“We tried to design this to be consistent with the surrounding properties, but we also have to take into consideration that we’re on John Rolfe Parkway, Pump Road and Church Road and provide buffers for these homes and surrounding homes,” Condlin said.
A map of the triangular-shaped property with home sites and a retention pond.
The Henrico Planning Commission supported the rezoning at its July 14 meeting. The request now goes to the Board of Supervisors.
The homes would fill out what land remains from the realignment of the Pump and Church crossroads when John Rolfe was extended to connect with West Broad Street. The redesign and associated rezonings were intended to encourage a mix of development that would result in a walkable, urban village-style community.
Across the Church Road intersection south of the site, another remnant from that project is also lined up for development. Rebkee Co. is working with Main Street Homes to develop the 8-acre site there with 81 townhomes and about 7,000 square feet of commercial space for a project called John Rolfe Mews.
County property records show Main Street Homes purchased the property through an LLC in April for $6.1 million.
The most interesting thing in this article is that it shows some place called “Abandonship Studios”!
that’s a great name. Perhaps Williams could use that for his new restaurant on Swift Creek Reservoir.
Walkable, urban design….those sample homes are suburban as they come. Each section has two dead end streets, driveway with garages at the front one large concrete driveway pads, and the longer lot is accessed by what I assume is a one way street. Yep urban design all around!