As work starts across the street on a massive mixed-use development at the Spring Rock Green shopping center site, new construction at the further-along Stonebridge development is likewise turning heads along Midlothian Turnpike and Chippenham Parkway.
Framing is underway for Aura Stonebridge, a 252-unit apartment building by Dallas-based developer Trinsic Residential Group. The four- and five-story structure is taking shape between the Kroger grocery store and the three-building Element at Stonebridge apartments.
Planned to total 268,500 square feet, the Aura building is filling a 4-acre parcel that Trinsic purchased through an LLC last July. Chesterfield property records show the LLC paid $5.54 million for the parcel at 311 Karl Linn Drive.
The county had assessed the property last year at $1.4 million. It’s currently assessed at $4.6 million.
The seller was an LLC tied to Boyd Homes, the Virginia Beach-based firm that developed Element at Stonebridge and had positioned the parcel for a second phase of apartments. It sold the 400-unit complex last August to Florida-based American Landmark Apartments in a $96 million loan assumption deal.
The Aura project appears to be the first in the region for Trinsic, which focuses on multifamily residential developments. The company’s website lists Aura as its only project in the Mid-Atlantic region.
Beyond its home state of Texas, Trinsic also is active in Arizona, Colorado, Florida and the Carolinas, where it’s currently building other Aura-branded developments in Chapel Hill and Durham. Its website says it controls more than 20,000 units valued at more than $4 billion.
Attempts to reach the company for comment were unsuccessful. A message left on the company’s corporate office number Friday and an email to its regional director were not returned.
The company’s website does not list monthly rents for Aura Stonebridge, which will consist of one-, two- and three-bedroom units. Surface parking totaling 274 spaces will surround the building, which will include air-conditioned corridors and elevators. Planned amenities include a pool, fitness and business centers and a clubroom.
Aura is scheduled for completion by mid-2024. Utah-based Colt Builders is constructing the project, which was designed by Glen Allen-based Poole & Poole Architecture. Chesterfield-based Timmons Group is the engineer and landscape architect.
Aura’s construction coincides with the demolition this week of the Spring Rock Green shopping center across Midlothian Turnpike, where Chesterfield County is spearheading a massive mixed-use development called Springline at District 60. The District 60 branding for the area will also include Stonebridge and the nearby Boulders office park.
Also in the works for Stonebridge is Shamin Hotels’ plan for a mixed-use development to include a 250-room Embassy Suites hotel and conference center, 300 apartments and 10,000 square feet of retail space that could include a brewery. Shamin CEO Neil Amin said the project is in the site plan review stage and has been revised a few times based on feedback from county planning staff.
The Shamin development would fill the vacant 14-acre parcel between the Firestone service center and Richmond Volleyball Club’s Stonebridge facility. Amin said a timeframe for the project is contingent on plan approval.
Another project in the pipeline is Starview Village, a mixed-use development planned to fill 110 acres generally south of Stonebridge with 1,250 residential units that would share buildings with lower-level office and retail spaces.
Zoning for that project was approved in 2020. A construction schedule has yet to be announced. A 2022 marketing flier for Stonebridge from Taylor Long Properties listed 2024 as an estimated groundbreaking date for Starview Village.
How easy would it have been to have one side of all these buildings front on a more pedestrian oriented street or pedestrian thoroughfare versus each one being isolated within a separate parking lot? Doesn’t look like much forethought to how the entire site could be better designed was given.