UNDER CONTRACT | 7251 N Spring Run Rd Midlothian, VA 23112
About This Property
One South Commercial is pleased to be the exclusive listing agent for the 13.7 acre age-restricted multi-family development site at 7251 N. Spring Run Road in Chesterfield County, VA. There is a significant need for new active living age-restricted communities in this densely populated stretch of the Hull Street Road corridor. The Spring Run Development is poised to capture a pool of end users as Chesterfield County has the region’s largest inventory of aging single family homes – which have an average age of more than 30 years – and an ever-growing baby boomer population increasingly intrigued by maintenance-free active living. The Development’s location is excellent for this demographic as there are countless shopping, dining and entertainment options within a 5-minute drive.
The site has been rezoned to Multifamily Residential (R-MF) with an approved conditional use planned development (CUPD) permitting additional density at 9.9 dwelling units per acre. The approved plan consists of a 4-story 100-unit Class A apartment building, 36 cottage-style single-story condominium units. Amenities include a clubhouse, pool, walking trails, and connectivity to local shopping.
The project will connect with the adjacent shopping center, promoting a walkable, mixed-use experience for the residents. Cash proffers have been reduced from $11,152 to $2,914 per dwelling unit pursuant to zoning case number 18SN0669. Additional proffered conditions are set forth in zoning case 16SN0554. Both zoning cases are attached as addenda hereto.
|Zoning Desc.||R-MF CUPD|