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The seemingly impossible happened earlier this month when Cityline Partners received final approval from the Fairfax Board of Supervisors to develop Scotts Run South. The enormous project, which sits on 23-acres, will eventually consist of 17 new buildings making up 6.5 million square feet of development including 1,400 apartments and 3.5 million square feet of office.
It is rare that the Supreme Court of Virginia is asked to step in to hear about the legality of an issue facing a YMCA. However, that is exactly what happened to the Piedmont Family YMCA with its project in McIntire Park in Charlottesville. The project has been delayed since May of 2012 when an organization of local fitness clubs filed a lawsuit claiming that the City of Charlottesville and Albemarle County had violated the Virginia Public Procurement Act for making contributions to the project’s construction.
Another new monthly feature that we are adding to the Virginia Real Estate Blog is a Deal of the Month. This recap of projects that stand out as major economic development drivers for the Commonwealth of Virginia will highlight how the deal was made and what it will mean for the locality. This month’s deal is the Stonebridge announcement in Chesterfield County. (more…)