The region’s biggest credit union now has the land in hand for a new branch in a sizable new mixed-use development in Chesterfield.
Virginia Credit Union in recent weeks purchased a plot in the upcoming Courthouse Landing development, a 124-acre project that’s in its early stages near the intersection of Courthouse and Iron Bridge roads.
VACU paid $1.2 million for a 1.25-acre parcel within the overall development site, where it plans to construct a 3,500-square-foot branch.
The credit union has enlisted UrbanCore Construction as the general contractor for the branch and is aiming for an opening date in the third quarter or early fourth quarter this year. The design will include a drive-thru with three lanes of ATM machines.
VACU declined to say how much it will cost to build the new location. It will be the 39th branch overall for the $5 billion credit union.
It purchased the land from the development group overseeing the broader Courthouse Landing project. That group is made up of Florida businessmen Edward Schmidt, Robert Eckstein and Josh Rodstein. The group bought the project site last year for $7 million.
VACU is at least the second Courthouse Landing tenant to officially secure its spot in the project area. Convenience store and gas station chain Sheetz was first, with construction of its new outpost already vertical.
Other tenants of the development that have been announced publicly include Panera Bread, Panda Express, Starbucks, Five Guys, First Bank, and car wash chain ModWash.
Site work and road construction are underway around the Courthouse Landing assemblage.
The overall project is envisioned to have at least 250,000 square feet of commercial space, hundreds of residences and a hotel. The residential piece is planned to include 12 townhomes and 72 condos developed by Stanley Martin Homes and 300 apartments to be developed by Edward Rose & Sons.
Thalhimer’s Birck Turnbull represented VACU in the land purchase. Leasing and land sales at Courthouse Landing are handled by NAI Dominion’s Jeff Doxey and Chris Rice.
VACU’s expansion into Courthouse Village follows its merger last summer with MemberOne Federal Credit Union in Roanoke. The combined organization has nearly $7 billion in total assets, 500,000 members and 1,100 employees, along with a branch network that spans much of Virginia.
The region’s biggest credit union now has the land in hand for a new branch in a sizable new mixed-use development in Chesterfield.
Virginia Credit Union in recent weeks purchased a plot in the upcoming Courthouse Landing development, a 124-acre project that’s in its early stages near the intersection of Courthouse and Iron Bridge roads.
VACU paid $1.2 million for a 1.25-acre parcel within the overall development site, where it plans to construct a 3,500-square-foot branch.
The credit union has enlisted UrbanCore Construction as the general contractor for the branch and is aiming for an opening date in the third quarter or early fourth quarter this year. The design will include a drive-thru with three lanes of ATM machines.
VACU declined to say how much it will cost to build the new location. It will be the 39th branch overall for the $5 billion credit union.
It purchased the land from the development group overseeing the broader Courthouse Landing project. That group is made up of Florida businessmen Edward Schmidt, Robert Eckstein and Josh Rodstein. The group bought the project site last year for $7 million.
VACU is at least the second Courthouse Landing tenant to officially secure its spot in the project area. Convenience store and gas station chain Sheetz was first, with construction of its new outpost already vertical.
Other tenants of the development that have been announced publicly include Panera Bread, Panda Express, Starbucks, Five Guys, First Bank, and car wash chain ModWash.
Site work and road construction are underway around the Courthouse Landing assemblage.
The overall project is envisioned to have at least 250,000 square feet of commercial space, hundreds of residences and a hotel. The residential piece is planned to include 12 townhomes and 72 condos developed by Stanley Martin Homes and 300 apartments to be developed by Edward Rose & Sons.
Thalhimer’s Birck Turnbull represented VACU in the land purchase. Leasing and land sales at Courthouse Landing are handled by NAI Dominion’s Jeff Doxey and Chris Rice.
VACU’s expansion into Courthouse Village follows its merger last summer with MemberOne Federal Credit Union in Roanoke. The combined organization has nearly $7 billion in total assets, 500,000 members and 1,100 employees, along with a branch network that spans much of Virginia.