The 215-acre site, outlined in red, is south of East Patrick Henry Road and about a mile southwest of the Hanover County courthouse. (Images courtesy Commonwealth Commercial)
After coming out on top of a bidding war for the site, a local homebuilder is getting ready to start work on its first ground-up community in Hanover County.
Goochland-based Boone Homes is planning The Reserve at Campbell Creek, an 18-home subdivision with 10-acre lots, on a 215-acre tract it purchased last year at 8248 Mount Eagle Road.
The largely forested site is south of East Patrick Henry Road and about a mile southwest of the Hanover County government complex.
The community will be Boone’s first in Hanover, where it otherwise has a 29-lot section in Cornerstone Homes’ Chickahominy Falls development. The company’s other projects have been in Goochland and Chesterfield counties.
Boone purchased the Hanover site last April through an entity called Mount Eagle Development LLC. Property records show it paid $2.6 million to the family of Alvin and Bettie Bowen, who resided on the property and died in 2021 and 2020, respectively.
An existing 4,000-square-foot house on the site will be retained as part of the community.
The property includes the Bowens’ nearly 40-year-old, 4,000-square-foot home, which Boone President Mitchell Bode said would be retained as part of the community. The rest of the site is made up of cropland and timberland, according to a marketing flier.
Boone was one of multiple bidders on the site, which was listed with an asking price of $2.5 million. Commonwealth Commercial’s Chris Jenkins had the listing and brought it to Boone’s attention, Bode said.
Mitchell Bode
“There were several other companies bidding on it. We won the bid,” Bode said, noting the 18 lots can be developed by right under the site’s existing agricultural zoning.
“We had looked at it from a zoning perspective and then a demand perspective from the customers on the market, and we felt like we didn’t need to rezone it to smaller lots to make it work,” he said. “We really wanted to keep those 10-acre lots, because we thought that’s what people in that market would desire.”
Jenkins said the competing offers came from local builders whose bids all came in within the same price range. He said Boone’s was the best with regard to contingencies and overall closing timeline, as well as Mitchell’s experience and track record in the industry.
“He knows the Richmond market extremely well – the good and the bad,” Jenkins said in an email. “My clients had the most confidence in him doing what he said he would, closing on time, with the least trouble. And he did.”
Bode said the sites would meet a demand for larger lot sizes, with homes starting at three bedrooms and 3,500 square feet and customizable to six or more bedrooms and 5,000 or more square feet. Lot sizes could also exceed 10 acres.
“It’s a little bit different for us, because we usually don’t build on that large of lots. But I think in that school district, in that area, it really works,” Bode said.
“People have been looking for larger lots in that area for a while, and there’s just nothing really on the market. I think it’s going to come together, because it’s a larger piece and it’s a community that we can build, rather than just doing a couple one-off 10-acre lots somewhere,” he said. “This is 18 additional lots that really feels like a Boone community.”
The homes are planned to range from 3,500 to 5,000 square feet and up. (Boone Homes)
The farmhouse- and Craftsman-style homes are planned to include first- and second-floor primary suite options, high-speed internet, and detached garage options. Bode said price points for the homes would not be set until sales start this summer. The company plans to break ground on the first batch of homes by fall.
The Reserve at Campbell Creek adds to other developments that Boone has on its plate.
In eastern Goochland, it’s currently developing Blair Estates, a 10-home subdivision with half-acre lots along Blair Road south of Patterson Avenue.
And in Chesterfield, it’s preparing to start development this year on Lattice Hall, a 307-home development on 155 acres along Genito Road west of Otterdale Road, and on Villas at Swift Creek, a 194-unit age-restricted development planned for 50 acres at Otterdale and Woolridge roads. Boone purchased those sites for $8.1 million and $3.77 million, respectively.
The 215-acre site, outlined in red, is south of East Patrick Henry Road and about a mile southwest of the Hanover County courthouse. (Images courtesy Commonwealth Commercial)
After coming out on top of a bidding war for the site, a local homebuilder is getting ready to start work on its first ground-up community in Hanover County.
Goochland-based Boone Homes is planning The Reserve at Campbell Creek, an 18-home subdivision with 10-acre lots, on a 215-acre tract it purchased last year at 8248 Mount Eagle Road.
The largely forested site is south of East Patrick Henry Road and about a mile southwest of the Hanover County government complex.
The community will be Boone’s first in Hanover, where it otherwise has a 29-lot section in Cornerstone Homes’ Chickahominy Falls development. The company’s other projects have been in Goochland and Chesterfield counties.
Boone purchased the Hanover site last April through an entity called Mount Eagle Development LLC. Property records show it paid $2.6 million to the family of Alvin and Bettie Bowen, who resided on the property and died in 2021 and 2020, respectively.
An existing 4,000-square-foot house on the site will be retained as part of the community.
The property includes the Bowens’ nearly 40-year-old, 4,000-square-foot home, which Boone President Mitchell Bode said would be retained as part of the community. The rest of the site is made up of cropland and timberland, according to a marketing flier.
Boone was one of multiple bidders on the site, which was listed with an asking price of $2.5 million. Commonwealth Commercial’s Chris Jenkins had the listing and brought it to Boone’s attention, Bode said.
Mitchell Bode
“There were several other companies bidding on it. We won the bid,” Bode said, noting the 18 lots can be developed by right under the site’s existing agricultural zoning.
“We had looked at it from a zoning perspective and then a demand perspective from the customers on the market, and we felt like we didn’t need to rezone it to smaller lots to make it work,” he said. “We really wanted to keep those 10-acre lots, because we thought that’s what people in that market would desire.”
Jenkins said the competing offers came from local builders whose bids all came in within the same price range. He said Boone’s was the best with regard to contingencies and overall closing timeline, as well as Mitchell’s experience and track record in the industry.
“He knows the Richmond market extremely well – the good and the bad,” Jenkins said in an email. “My clients had the most confidence in him doing what he said he would, closing on time, with the least trouble. And he did.”
Bode said the sites would meet a demand for larger lot sizes, with homes starting at three bedrooms and 3,500 square feet and customizable to six or more bedrooms and 5,000 or more square feet. Lot sizes could also exceed 10 acres.
“It’s a little bit different for us, because we usually don’t build on that large of lots. But I think in that school district, in that area, it really works,” Bode said.
“People have been looking for larger lots in that area for a while, and there’s just nothing really on the market. I think it’s going to come together, because it’s a larger piece and it’s a community that we can build, rather than just doing a couple one-off 10-acre lots somewhere,” he said. “This is 18 additional lots that really feels like a Boone community.”
The homes are planned to range from 3,500 to 5,000 square feet and up. (Boone Homes)
The farmhouse- and Craftsman-style homes are planned to include first- and second-floor primary suite options, high-speed internet, and detached garage options. Bode said price points for the homes would not be set until sales start this summer. The company plans to break ground on the first batch of homes by fall.
The Reserve at Campbell Creek adds to other developments that Boone has on its plate.
In eastern Goochland, it’s currently developing Blair Estates, a 10-home subdivision with half-acre lots along Blair Road south of Patterson Avenue.
And in Chesterfield, it’s preparing to start development this year on Lattice Hall, a 307-home development on 155 acres along Genito Road west of Otterdale Road, and on Villas at Swift Creek, a 194-unit age-restricted development planned for 50 acres at Otterdale and Woolridge roads. Boone purchased those sites for $8.1 million and $3.77 million, respectively.
Great location, and filling a needed void in Hanover County. I’m looking forward to seeing a builder other than the usual, join the ranks of contributing to Hanover Counties beautiful real estate. Congratulations Boone Homes!
Geez, a little big for the average American home huh? Do we really need more homes over 2000 sq ft?
Yeah a little much but considering the division into 10 acre lots I really didn’t expect these to be affordable homes for the average buyer.
True, atleast it keeps the rural character of the area. Only suggestion is to keep the access road as gravel if any additional roads are added. We honestly have too many paved roads in the rural areas of this country that don’t get enough traffic to even make it worth maintaining at that level. We would save SO MUCH money if alot of roads under 1k cars a day got de paved back to gravel.
I’m guessing homeowners in this price bracket are not going to take kindly to dusty gravel roads leading to their beautiful new Boone home.
I like paved roads and my car loves paved roads.
This is truck country anyway. If the truck is clean, something is wrong.
Do 2 acre or even 5 acre lots make you “lose the rural character”? I live in Hanover and am often amazed by the lack of density they will approve in the western end of the county. I realize that’s what most existing homeowners will say they want and the protest any dense development. Ironically most of the people protesting live on smaller lots. By making a 5 acre or 10 acre minimum in these areas all you are really doing is insuring anyone that grow up in the area can no longer afford a first time home there. I… Read more »
Great move Mitchell! Nice sized homes on large lots will add value to the Hanover County housing market.
210 acres of land is a lot of land being taken out for housing uses for only 29 homes.
What a waste of trees what will most likely happen is they will cut down 3 to 6 acres of trees for every home. And on top of that they will only put in one home. And on top of that this will really demand road subsidies in that vdot will have to maintain these streets with the same amount of pavement and snow removal for the same space that could support 200 homes but for 29. Also these 10 acre lots are driving land prices though the roof.
Not saying we should trash the environment but do you realize that for the last 90 years we have grown more trees than are harvested in the US? There are more trees now than 100 years ago by a factor or 3X to 4X. There are roughly 700 trees for every person in the US. I only point this out because every article that states “someone is going to develop something” there are comments about having to “cut down trees” like they are endangered or something. We have plenty, and I too don’t want to live in an “Asphalt Jungle”… Read more »
There is a difference between “trees” and “forest”. We may have large monoculture tree farms, but diverse, natural forest that has been left alone for centuries or even many decades is getting harder and harder to find.