The Park

  • 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.