Subdivision land adjacent to proposed megasite in Chesterfield County sells for $1.4 million
- April 30, 2018
A local homebuilder has purchased the land for a 99-lot subdivision adjacent to a controversial proposed megasite near Chester.
Commonwealth Commercial Partners, based in Henrico County, said Monday that brokers Ryan Fanelli and Sam Worley represented Stoney Glen LLC in the sale of a 99-lot subdivision at 15310 Wellspring Road. According to Commonwealth Commercial, Richmond-based NK Homes, which has built homes in the counties of New Kent, Hanover and Henrico, purchased the 63-acre property for $1.4 million. The list price for the land at Commonwealth's website was $2.2 million. The land was described as what would be Phase Two of the Wellspring development, with active new home sales in the Phase One development averaging $382,000.
The Wellspring subdivision is adjacent to a 1,675-acre site near Branders Bridge Road that the Chesterfield County Economic Development Authority wants to buy to create a megasite that might attract a large industrial user.
The plan has met stiff opposition from the community and some Republican state lawmakers, including state Sen. Amanda Chase, who represents Chesterfield County. Currently, the large tract is zoned residential. For the megasite proposal to move forward, the land would have to be rezoned to industrial.