Midlothian Development Project to Resume
A shopping center development in Midlothian, VA, know as The Stonehenge Village shopping center, has been approved by the Planning Commission, according to a report in the local Chesterfield Observer newspaper. The project was originally scheduled for completion in 2009 according to a brochure from Thalhimer, but was delayed when the economic conditions stagnated. The property has been left empty since then with only minimal activity around building up the earthen berms recently. Also noted in the 2009 plan was the presence of a Cracker Barrel restaurant in a prominent position on the property, although there is no indication whether the restaurant is still planned for the location. A key issue for the local community and for the Planning Commission to consider was whether there were adequate measures taken to prevent a disturbance of the nearby neighborhood by the potential noise created by trucks coming and going from the proposed loading docks at the back of the commercial properties. According to the Chesterfield Observer, the Planning Committee was sufficiently convinced that the berms that had been erected at the site (see photo) were effective at shielding the local communities from any potential noise.
Key Location in Midlothian
The location of the Stonehenge Village shopping center will be a cornerstone location and will have a positive impact on the real estate in Midlothian. The property sits directly across from the Walmart/Sam’s location on the Midlothian Turnpike and sees on the order of 50,000 vehicles per day. The Midlothian Turnpike is one of the few east/west thoroughfares for communities like Charter Colony, The Grove, Hallsley, and parts of Salisbury to connect with the rest of the Midlothian. It also provides a connector route for the developments along Rt 288 like Westchester Commons and Roseland to connect to the activity centers like Chesterfield Town Center. The resumption of the development of the Stonehenge Village should add to the vibrancy and commercial viability of these areas.
Real Estate Upturn in Chesterfield County
There are increasingly frequent signs that the real estate market in Chesterfield County is gaining some significant momentum at the start of 2014 and the further development of commercial properties like this one and the proposed Martins shopping center further west on Midlothian Turnpike (see New Retail Development Planned for Charter Colony Area) should add to that momentum. As mentioned in other posts, the inventory of houses for sale has reduced significantly in the local markets, while the number of transactions and prices are beginning to increase. These factors reinforce that the market is turning and shows signs of significant improvement. Ellen Clark Team specializes in selling homes and helping clients to buy homes for sale in most of the neighborhoods of metro Richmond and can offer advice on the market conditions.