Sunday, August 14, 2011

No "Luxury Apartments" For The Shops at Stonefield?

The Charlottesville Albemarle area remains a slow real estate sales market and is currently seeing hundreds of new apartments built.

So what about the "mixed use" development of The Shops at Stonefield? The Hook, in an update on the look of Trader Joe's, says developer Edens and Avant "has reportedly won the option to delete its planned housing component."

Just 3 months ago at groundbreaking for The Shops at Stonefield in Albemarle County, there was still talk that the shopping center at the busy intersection of Hydraulic and Rt. 29 would have "luxury apartments."

While this takes away an impetus for project approval--living and shopping and recreation in the same spot = "green"-- dropping residential plans seems particularly savvy on the part of the developer.  

At left is awesome current photo of the construction site by photographer Bill Emory.





Top image is rendering of the shopping center, copyright Edens and Avant.

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