The upcoming development
, at the intersection of US 29 and Hydraulic Road, was the subject of the WINA radio program “Charlottesville Live” the morning of February 14th.
Brian Wheeler and
developer Frank Cox sat down in the studio with hosts Jane Foy and Dick Mountjoy to discuss the project, which is now near the end of the final site-planning stage.
Because of its sheer size, location, and planning process, Albemarle Place development is a critical project in a number of ways. With expectations for 700-800 residential units, a major grocery store, a new movie theater, a new hotel, 616,000 sq.ft.of retail (about 2x what is complete at Hollymead Town Center), and all within 64 acres, Albemarle Place will equal roughly the size of two downtown malls. And because it will be situated at the intersection of US-29 and Hydraulic Rd., there are significant traffic implications for an already congested area. Albemarle Place is also what Cox called, a “test case” for the area’s new planning regime under the “Neighborhood Model” concept.
Although many questions remain as to how Albemarle Place will impact Charlottesville/Albemarle, Cox hopes to be ready to break ground during the summer.
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