The Park
Facts
- Developer: University of Virginia Foundation
- Location: Albemarle County, approximately 8 miles due north of Charlottesville, directly adjacent to Charlottesville/Albemarle airport and Route 29.
- Purpose: Develop/enhance relationships between UVa and the private sector
- Park Size: 562 acres
- Parcel Size: 2 – 45 acres
- Uses: Office, Light Industrial, Laboratory, Medical, Pharmaceutical, Hotel, Convention Center, Support Commercial/Retail
- Zoning: Planned Development – Industrial Park (PDIP)
- Development Rights: 3.7 million square feet
- Year Started: 1994
- Projected Buildout: 25+ years
Park Amenities
- 200 acres of open space
- Beautiful mountain views
- Multiple lakes / ponds
- Preserved historic homestead, recreation area
- Meeting facilities
- Walking and jogging trails
- Restaurant & catering services
- Taxi service to Central Grounds
Development to Date
- Number of buildings: 8
- Building sizes: 25,000 – 91,000 GSF
- Completed development: 554,000 GSF
Park Utilities
A utility corridor follows the road alignment. All utilities are brought to property line.
- Power: Dominion Virginia Power (redundancy available), Rappahannock
- Fiber: State-of-the-art. nTelos, Level3, Century Link, and Sprint (tenant’s choice)
- Gas: Charlottesville Gas
- Satellite: DishNetwork
- Water: 12” water line, capacity 1500 gpm
- Sewer: 8”-15” sewer lines, capacity 250K+ gpd
Deal Types
- Land lease TBD
- Build-to-suit:
- Class A Office: $23 – $26.00* Full Service Lease
- Lab Space: $22 – $25.00* Full Service Lease
Building Timeframe & County Approval Process
- Overall building timeframe: 12 – 18 months
- 3 – 6 months to select team and design building
- 3 – 6 months to obtain Albemarle County approvals
- 9 – 12 months for construction
*Actual cost dependent on scope of final buildout.