(To read more on the multifamily market, click here.)

PRINCE WILLIAM COUNTY, VA-A plan to develop a mixed-use complex centering on 1.2 acres of office space has come to the fore, as the Prince William County Planning Commission ponders the rezoning of a 182-acre site to accommodate the project. Loudoun County-based developer Arcadia Building Co. is behind the project, which will sit near the intersection of Wellington Rd. and the 234 Bypass.

Arcadia requested that the property, consisting of a 15-acre parcel and a 167-acre parcel, be rezoned from Agricultural to the Office/Flex and Planned Mixed Development designations, respectively. While the Planning Office has given the thumbs up for the rezoning application for Wellington Glen, Arcadia must wait to hear from the Planning Commission itself.

In addition to the 1.2 million sf of office/flex space proposed for Wellington Glen, the development will also feature a multifamily element consisting of 624 residences that have yet to be specified as condominium or rental units, as well as a lodging element with up to 400 hotel rooms. The plan also gives Arcadia the option to exchange the hotel segment for an additional 230,000 sf of office space.

The price tag for the development has not yet been made available, however, some costs have been revealed through county records. Public space and the 80-acre public park that Arcadia has agreed to build as part of the project will cost about $2.4 million, and in accordance with the county’s policy guidelines that require a donation to area schools, Arcadia will contribute about $2.2 million to the county.

The Planning Commission is scheduled to vote on the zoning matter on November 2. The next step in the process will be the securing of approval for the project from the County Board of Supervisors. Neither Arcadia nor Planning Commission officials returned calls for comment by deadline.

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