Chesterfield County’s long-term plan to transform Rockwood’s aging commercial corridor is about to be launched by a Reston-based builder with a busy pipeline in the Richmond area.
Stanley Martin Homes wants to build 322 condominiums and townhouses on a 25-acre site that encompasses most of Rockwood Square Mall in addition to Rockwood Golf Park.
The acreage, which is located near the intersection of Hull Street and Courthouse Roads, is under contract with Stanley Martin.
The rezoning and conditional use application needed to prepare the land for the development is expected to be considered by the Planning Commission today.
The project appears to be the first formal redevelopment proposal under the Rockwood Special Interest Area Plan, which county supervisors approved in April 2021. The plan is a land use guide for more than 600 acres focused on the development of Rockwood Square and other nearby businesses. near Rockwood Park.
The Stanley Martin app offers two options for site development. The first consists of 236 two-by-two condominiums and 86 townhouses, all of which would be units for sale. Selling prices have not been determined.
The two-by-two units would range from 1,500 square feet to 2,500 square feet, and they would have two to three bedrooms. Townhouses ranged from 1,500 square feet to 2,000 square feet and had three bedrooms. The units would also have garages.
The second option would be a 590-unit development that would include apartments as well as two-over-twos and townhouses. Jeremy Swink, Stanley Martin’s land vice president for the region, said the 322-unit development was the preferred option.
“The county staff came up with a good plan that we could follow and adopt based on our knowledge of the market,” Swink said.
Swink said the company plans to close the golf park later this year and the retail strip in 2023. He wouldn’t say how much Stanley Martin will pay for the land. The assemblage consists of several parcels most recently valued at a combined $4 million, according to county land records online.
The company is represented in the rezoning case by Jeff Geiger of the law firm Hirschler.
Existing buildings on the project site would be demolished to make way for the new development. The project does not include parcels outside Rockwood Square.
The current owner of Rockwood Square is Maryland-based Area Properties LLC. He bought the main downtown retail strip for $1.9 million in 2012, according to county records online. He bought an additional 1.7 acre parcel in the center in a separate deal that year for $110,000 and another 2.6 acre parcel for $35,000 in 2019.
Company representative Gary Modjeski said Stanley Martin has begun conversations about a deal for ownership of the mall. He said a sale is attractive as he struggled to rent the 34,000 square foot anchor space after Big Lots left the center several years ago.
“The fact that it is more difficult to rent a large retail space these days has made us receptive to considering a change in use. And then we saw the plan come out and we said, “OK, this is something the county wants to promote and help facilitate,” Modjeski said.
The deal would only be concluded if the proposal is approved by the Board of Supervisors, which will carry out the final review of the proposal at a future meeting.
Rockwood Golf Park at 10239 Hull Street Road remains open for business and is owned by Si Lee and Mi Lee. The Lees bought the 12-acre facility for $1.3 million in 2015. It includes a driving range and mini-golf course.
Si Lee declined to comment for this article when it arrived on Monday.