A project with an eight-figure budget is being teed up to fill out a chunk of undeveloped road frontage on Pole Green Road east of I-295 in Hanover County.
Local development firm Rogers-Chenault plans to build a 217,000-square-foot business park on a 30-acre site near Pole Green’s intersection with Bell Creek Road across from the Hanover Grove subdivision.
Dubbed Pole Green Business Center, the park would house 14 one-story buildings, three of which would be dedicated medical office uses, according to a conceptual plan filed with the county.
While the medical office buildings (which will comprise a total of up to 73,000 square feet) are planned to be built-to-suit, the rest of the development is slated to be built on spec, said Todd Rogers of Rogers-Chenault.
Industrial uses would be limited to 108,000 square feet of the park’s total square footage. Half of the non-medical square footage of the park is planned to be for sale in an arrangement similar to commercial condo ownership, in which the owner of a commercial space in the park would own the interior of a given space while a separate association entity would own and maintain the park itself.
Pole Green Business Center is estimated to cost $25 million to $30 million, a figure that includes construction as well as site work and land acquisition costs, Rogers said.
The development is slated to rise on an assemblage of two parcels, 7228 and 7212 Pole Green Road. Rogers-Chenault is under contract to buy the land.
Rogers declined to share the planned purchase price. The land is worth about $792,000, according to online county land records.
The project is expected to break ground in late 2024, and construction of the park would occur in phases.
A rezoning of the project site was approved last week by the Hanover Board of Supervisors to allow a mixture of medical office, office, commercial and limited industrial uses.
The land is currently a farm property that features a historic home called the Melton House that’s slated for demolition. Among the proffered conditions of the project is the requirement that Rogers-Chenault, prior to its application for a demolition permit for Melton, must for two weeks advertise in a regional newspaper that the house is available to be given away for free to anyone who wants to relocate it.
The developer has also proffered road improvements on Pole Green Road as part of the project to include a new traffic signal at a future site entrance at Pole Green Road and Hanover Grove Boulevard, as well as new turn lanes.
Pole Green Business Park will be the fourth such project built by Rogers-Chenault. The developer’s other similar projects are Brookshire Park and Cool Spring Warehouses in Hanover, as well as Kennington Park Warehouses in King William.
Rogers-Chenault also has plans in the works for Stags Village, a four-building residential project at the corner of Chamberlayne and Rural Point roads. The developer earlier this year took the Hanover Board of Supervisors to court over the board’s rejection of a subdivision the firm proposed on Winns Church Road, and that legal battle is still in progress.