A rendering of the proposed Courthouse Landing development project in Chesterfield County. (Courtesy of Dunphy Properties)
The site of a large future mixed-use project in Chesterfield County is now in the hands of its developers, whose makeup has changed since the project was approved.
The future home of Courthouse Landing, which consists of about 124 acres southeast of the interchange of Route 288 and Iron Bridge Road near Chester, was recently acquired by an LLC tied to the development team for $7.3 million.
The assemblage is made up of four parcels with a combined assessed value of $12.5 million, per online county records. The parcels are at 8701 Iron Bridge Road, 9201 Iron Bridge Road, 9651 Courthouse Road and 9851 Courthouse Road.
The buyer in the deals was Miami-based Courthouse Landing Va LLC. The Chesterfield EDA was the seller of about 59 acres split between the Courthouse Road addresses and 9201 Iron Bridge Road. The seller of the remaining acreage was private landowner WSWL Properties LLC. The deals were recorded with the county in early February.
The land deal comes amid a shuffle in the Courthouse Landing development team.
Initial leading members Dunphy Properties from Florida and Georgia-based Shuler Properties have left the project, according to Jeff Doxey, executive vice president of NAI Dominion, which has been part of the project since Courthouse Landing was initially proposed in late 2019. Gone too is Batson-Cook Development Co.
Calls and emails to Dunphy Properties and Shuler Properties weren’t returned Friday afternoon.
Jeff Doxey
Doxey said Courthouse Landing Va LLC is leading the project now. He said a trio of developers are behind the Miami-based LLC but declined to name them. Other firms have been queued up to join the project but Doxey wouldn’t identify them.
The LLC shares the same mailing address as real estate firm NAI Miami, but Doxey said the company itself isn’t involved in the project.
The Courthouse Landing site is zoned for hundreds of residential units as well as commercial, office and hotel uses, but the specifics of the latest iteration of the project are under review, Doxey said.
VCU Health is still planning to anchor the development with a 50,000-square-foot medical building, Doxey said, and added that VCU is expected to purchase a portion of the site for its facility. Last year, the Chesterfield Board of Supervisors approved an amended grant agreement for the project due to VCU’s participation.
Doxey said the team hopes to break ground on the project this spring.
Chesterfield supervisors approved the rezoning request tied to the Courthouse Landing project in mid-2020.
“We are excited to work with this developer who is eager to get started on the mixed use development at a prominent location in Chesterfield County. The development will be in line with the approved zoning case and infrastructure plan,” Chesterfield Economic Development Director Garrett Hart said in a prepared statement.
A rendering of the proposed Courthouse Landing development project in Chesterfield County. (Courtesy of Dunphy Properties)
The site of a large future mixed-use project in Chesterfield County is now in the hands of its developers, whose makeup has changed since the project was approved.
The future home of Courthouse Landing, which consists of about 124 acres southeast of the interchange of Route 288 and Iron Bridge Road near Chester, was recently acquired by an LLC tied to the development team for $7.3 million.
The assemblage is made up of four parcels with a combined assessed value of $12.5 million, per online county records. The parcels are at 8701 Iron Bridge Road, 9201 Iron Bridge Road, 9651 Courthouse Road and 9851 Courthouse Road.
The buyer in the deals was Miami-based Courthouse Landing Va LLC. The Chesterfield EDA was the seller of about 59 acres split between the Courthouse Road addresses and 9201 Iron Bridge Road. The seller of the remaining acreage was private landowner WSWL Properties LLC. The deals were recorded with the county in early February.
The land deal comes amid a shuffle in the Courthouse Landing development team.
Initial leading members Dunphy Properties from Florida and Georgia-based Shuler Properties have left the project, according to Jeff Doxey, executive vice president of NAI Dominion, which has been part of the project since Courthouse Landing was initially proposed in late 2019. Gone too is Batson-Cook Development Co.
Calls and emails to Dunphy Properties and Shuler Properties weren’t returned Friday afternoon.
Jeff Doxey
Doxey said Courthouse Landing Va LLC is leading the project now. He said a trio of developers are behind the Miami-based LLC but declined to name them. Other firms have been queued up to join the project but Doxey wouldn’t identify them.
The LLC shares the same mailing address as real estate firm NAI Miami, but Doxey said the company itself isn’t involved in the project.
The Courthouse Landing site is zoned for hundreds of residential units as well as commercial, office and hotel uses, but the specifics of the latest iteration of the project are under review, Doxey said.
VCU Health is still planning to anchor the development with a 50,000-square-foot medical building, Doxey said, and added that VCU is expected to purchase a portion of the site for its facility. Last year, the Chesterfield Board of Supervisors approved an amended grant agreement for the project due to VCU’s participation.
Doxey said the team hopes to break ground on the project this spring.
Chesterfield supervisors approved the rezoning request tied to the Courthouse Landing project in mid-2020.
“We are excited to work with this developer who is eager to get started on the mixed use development at a prominent location in Chesterfield County. The development will be in line with the approved zoning case and infrastructure plan,” Chesterfield Economic Development Director Garrett Hart said in a prepared statement.
The apartments were to be built by Edward Rose and Sons out of Indiana. Does anyone know if they are still in the deal to acquire and build on the site? Rose is a 70 year old firm with 60,000 apartment units nationally, and already has several communities in its control here in Richmond for over 30 years. Solid player.
One has to be amused by Chesterfield vague statement of “this developer” since no one is sure who the complete team is!
I have lived in chesterfield county for over 50 years . It was a great place to live and as it grew , the county had all kinds of great ideas about maintaining the historical landscape. What a joke! The county board has all but put this county in the gutter . Infrastructure is at an all time low . We are now intercity. Crime on the rise, and people living on top of people. Thank god there are other county’s that look after their residents and not the local builders and developers! But why would you do what you… Read more »
Sir, this is a Wendy’s…
Now the REAL changes begin!