Riverfront’s last multi-family development begins
Published 8:46 pm Wednesday, June 10, 2015
A Virginia Beach-based developer has started site work on what its president and chief executive officer says is the final multi-family development in Harbour View’s Riverfront community.
Near the corner of Village Square Green and Bridgeway Drive, Sunfall will consist of 85 units, said Richard “Tuck” Bowie of Terry Peterson Residential.
Of those, he said, 31 will be detached single-family units, while the remaining 54 units will be attached.
Bowie said Terry Peterson is nearing the end of developing The Riverfront’s second-last multi-family-zoned parcel, The Gables.
When it bought that parcel from Riverfront developer East West Realty, he said, Terry Peterson was given the option to purchase the final multi-family parcel, for which Sunfall is destined.
“We got close to finishing the first one and decided we wanted to purchase the second one,” he said.
Sunfall’s detached single-family units will be either three or four bedrooms, with a two-car garage and two parking spaces outside, Bowie said.
The attached units, he said, will be three-bedroom and each will have a two-car parking pad.
While site work has begun, Bowie said they hope to start construction on the units within 30 days.
He said the attached units would be spread between 10 five-unit buildings and one four-unit building.
“We are in the process of preparing the final site plans for the model building — we are going to start on one of the five attached units,” Bowie said.
Purchasing the 11-acre Sunfall parcel was contingent on the U.S. Corps of Engineers — which is restoring the wider former military site that runs through to the James River — releasing it for development, Bowie said.
“All the testing has been done,” he said.
Virginia Dominion Power owns property adjacent to the Sunfall parcel. Bowie said Terry Peterson has been in discussions with Dominion about buying it.
Known as Horsehoe Pond, the Dominion Land, Bowie said, is “a big hole in the ground” that couldn’t be developed. “But we would consider purchasing it so we would have a viewshed from our property to the Nansemond River,” he said.
Bowie said it was too early to say how much the for-sale Sunfall units would be listed for.
“We haven’t really put a final price on it,” he said, though adding that the detached units would be priced higher than the attached units.