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When$opoly gauges projects' progress
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By Howard Owen
SPOTSYLVANIA COURTHOUSE VILLAGES
The story so far: Last year W.J. Vakos & Co. sold Spotsylvania a three-story, 54,810-square-foot office building at Courthouse Village for $10 million. The county had been leasing space there for its planning, zoning and social services departments.
The mixed-use development, which is near the county's courthouses and government center, is billed as the county's only downtown. Besides office space, it includes retail stores, apartments and the Spotsylvania County Museum.
Outlook: Developer Bill Vakos III said the company plans to construct seven buildings totaling 87,000 square feet. Five will be located at the intersection of Old Battlefield Boulevard and the State Route 208 Bypass, and will be geared toward retail tenants. They're 50 percent pre-leased and are expected to be ready by next spring.
The company also plans a five-story, 60,000-square-foot building that will front on Merchant Square. The first floor will have an arcade and lobby, public restrooms and about 10,000 square feet for restaurants and retail.
The top four floors of the 60-foot-tall building will have 54 apartments with balconies overlooking the square. Underground parking is being studied for the building, which is expected to be ready by the spring of 2014.
SPOTSYLVANIA TOWNE CENTRE AND THE VILLAGE AT TOWNE CENTRE
The story so far: Sunny's Eco Wash will hold its grand opening and ribbon cutting Friday at the site of the demolished Aztlan Mexican Restaurant in front of Spotsylvania Towne Centre. White House/Black Market will open in mid-May in a 4,200-square-foot space near Coldwater Creek and The Greene Turtle Sports Bar & Grille in The Village, and HomeGoods will open May 20 in the former Haverty's location on the grounds of the mall.
Outlook: The mall is now about 99 percent leased, and there are only three large vacancies left in The Village. These can be subdivided into nine smaller stores. At least one space is spoken for, and negotiations are under way with other retailers.
--Cathy Jett
SPOTSYLVANIA VRE STATION
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AMELIA SQUARE
COULD BEGIN PLANNING STAGES CLIFT FARM QUARTERTO STAFFORD BOARD OF SUPERVISORS LEASING BY OCT. COURTHOUSEWORK MAY START HOTEL TO BE BUILT EMBREY MILLPLANS CALL FOR END-OF-JUNE STARTS; HOMES BY MIDDLE OF 2013 FALL HILL AVENUE PROJECTCANAL BRIDGE WORK JAN. 2013 FALMOUTH INTERSECTIONCONSTRUCTION BY EARLY 2014 GERMANNA'S STAFFORD CAMPUSSEARCHING FOR LAND NOW HAVEN APARTMENT PROJECTS1st UNITS IN JUNE; DONE LABOR DAY I-95 INTERCHANGESHOV/HOT LANES WORK STARTS LATER THIS YEAR KALAHARI RESORTPROJECT SHELVED FOR NOW KING GEORGE GATEWAYPHASE II SET TO START NEXT YEAR KING GEORGE GREENHOUSELEASING SPACE LATE 2012 McKESSON PROJECT IN CAROLINEOPENED APRIL 17 NEW POST SOCCER FIELDSREADY FOR GAMES IN 2013 NEW YMCAsCAROLINE: DEPENDS ON AREA ECONOMY OLD DOMINION SPEEDWAYLOOKING FOR LAND; CURRENT LOCATION TROUGH 2013 SEASON RAPPAHANNOCK PARKWAYNO DATE SET RIVERFRONT PARKCONSTRUCTION IS TARGETED FOR 2017 U.S. 17 CORRIDOR IN STAFFORD COUNTYSTORES OPENING THIS YEAR SPOTSYLVANIA COURTHOUSE VILLAGESNEXT SPRING SPOTSYLVANIA TOWNE CENTRE AND THE VILLAGE AT TOWNE CENTREMALL IS NOW 99 PERCENT LEASED; NEW STORES OPENING IN MAY SPOTSYLVANIA VRE STATIONDONE BY AUCTION MAY 22; MARCH OR FINAL PORTION SLOWED DUE |