The rest of the land for its future residential project in Chesterfield has been secured by Stanley Martin Homes. The bulk of Rockwood Square shopping center at the corner of Hull Street and Courthouse roads was purchased by the Reston-based homebuilder for $8.1 million.
Last week, an entity tied to Gary Modjeska of Maryland-based Area Properties LLC sold the 12.4-acre site to Stanley Martin Homes for an undisclosed amount. The sale was confirmed by Read Goode of Divaris Real Estate, who represented Stanley Martin in the deal, on Monday
The development will consist of 236 two-over-two condos and 86 townhomes. Condos are anticipated to come in both 1,600-square-foot and 2,350-square-foot configurations, while townhomes are expected to be around 2,000 square feet. All units at the development are planned to be for sale and are likely to start in the low- to mid-$300,000s. Stanley Martin will be handling Architectural BIM, architectural design, modelling services & drafting services for the project and has been selected a general contractor.
