$380M mixed-use development coming to North Woodbridge
Town Center development to include retail, restaurants, apartments
A new $380 million mixed-use development is coming to North Woodbridge in Prince William County, the IDI Group Cos. and Boosalis Properties announced Wednesday.
The North Woodbridge Town Center project will include 160,000 square feet of retail space, restaurants, bars, grocery stores as well as 900 apartment units. It will be built during the next five to 10 years on land that sits at the corner of Route 1 and Occoquan Road.
“We’re eager to bring this exciting development to North Woodbridge,” Boosalis Properties President George Boosalis said in a statement. “I have seen the transformation of this area since I was a kid, and it seems like this is the natural next step. We appreciate all the support from the community, the county and the Board of Supervisors.”
The developers have worked with Prince William County to secure an economic development fund that was used to buy adjacent land.
“This key redevelopment project lays the foundation for long-term economic resiliency and will be a catalyst for the emergence of North Woodbridge into a vibrant mixed-use neighborhood,” Christina Winn, executive director of the Prince William County Department of Economic Development, said in a statement. “This investment in the new town center will drive further economic growth, attract new businesses, and create new jobs throughout the area.”
The development is part of Prince William County’s Small Area Plan, which is intended to encourage mixed-use development and transportation network improvements. The site for the development announced Wednesday is adjacent to Route 1, which is currently undergoing construction and expansion.
The Small Area Plan includes other surrounding land parcels where other regional developers have been looking at opportunities to buy and develop. The development by IDI Group Cos. and Boosalis Properties would be located in the “Town Center” region of the Small Area Plan, which also includes the Marumsco and Belmont Bay regions.
“We’re already seeing the momentum as more businesses and investors are interested in North Woodbridge and eastern Prince William County because they recognize the area as the next new emerging market due to its strategic location, transportation network and expansive water views,” Winn said in a statement.