$25M Glenwood Golf Course redevelopment a go after $3M land deal

Glenwood Golf Course, shown in 2021, dates back to the 1920s. (BizSense file photos)

Two years after securing county approvals for the project, a local developer has purchased the former Glenwood Golf Course and is now ready to play through on a residential redevelopment.

Godsey Properties closed earlier this month on the 120-acre property in eastern Henrico, where it’s started work to develop two subdivisions called the Fairways totaling 290 detached homes.

Longtime Glenwood Golf Club owners Frank Adams and Harry Griffin were the sellers in the deal.

The Varina-based company paid $3 million in a transaction that closed May 4. The seller was Glenwood Golf Club, co-owned by Frank Adams and Harry Griffin.

The bulk of the property is in Henrico County, which assessed it this year at $2.98 million. The property had been under contract since 2021, when the county had assessed it at $1.32 million. A sliver of the land is in Richmond, where the transaction was reflected in online property records.

In an interview in March, principal Doug Godsey said the closing that had been scheduled that month was delayed in part to an option for the operator of an existing cell tower on the property to buy its part of the property or agree to transfer its lease to Godsey.

Doug Godsey

As that process played out, Godsey said Adams allowed him to get started on erosion control and other initial site work for the project’s first section.

“We’re ready to close. Frank has been good enough to let us start on the construction,” Godsey said in the interview.

The deal clears the way for what Godsey said would be a $25 million development, with buildout anticipated in five years. Ryan Homes is lined up to build the homes, and Godsey said the first section would be turned over to the builder early next year.

Homes at the Fairways are planned to range from 1,350 to 3,000 square feet in size, with prices starting in the $300,000s for single-story homes and in the $400,000s for two-story homes. Planned amenities include lighted trails through the property and a park along a creek that bisects the site.

A revised site plan shows how the 290 homes would be separated by the creek area that bisects the property.

The project also involves upgrades to Creighton Road, with a $4 million investment from Godsey to widen and improve the road along the length of the property’s southeastern border. Henrico is also making improvements to the road as part of a $14 million project that got underway last month.

The Fairways marks an end to a nearly century-old run for Glenwood, which was the oldest public golf course in metro Richmond before it closed last year. Established in 1926 and in operation since 1927, Glenwood was designed by Scotland-born golf architect Fred Findlay, whose credits also include the Meadowbrook Country Club course in Chesterfield.

Meanwhile, Godsey is also getting going on its Landmark and Gateway at Landmark developments, which collectively will fill about 150 acres along Williamsburg Road near Sandston with more than 800 homes and a commercial section with a Wawa.

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Victoria Woodhull
Victoria Woodhull
12 days ago

Awesome!!! Finally! – some affordable middle class single family homes!

Nathan Davis
Nathan Davis
12 days ago

Now the need is for people to find it and drive some population growth to the east. Could ease a lot of stuff across the county.

Michael Morgan-Dodson
Michael Morgan-Dodson
12 days ago

Middle class yes, affordable not really. Households making $90,000 a year and paying $60,000 down could afford to live here. But if you have $500 a month in other debts and could only put $25k down you would need to make over $100,000 a year. Homes that sell over $250-$275k are not generally considered affordable housing.

Tom Hogg
Tom Hogg
12 days ago

I’ll raise a glass and tip my hat to Doug Godsey and the work he is doing in Eastern Henrico! Bravo!