Old Trail Village

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Old Trail Village is a mixed-use community created by the Beights Corporation that is under construction in Crozet. Old Trail includes multiple sections built by multiple builders, a golf course, a shopping village and other amenities.

What is Old Trail?

Old Trail was approved by the Board of Supervisors in September 2005 with approximately 25,000 square feet of mixed commercial use, and 250,000 square feet in other commercial uses. [1]Over 2,200 potential dwellings are possible[2].

Old Trail is owned by Jay and Suzanne Jessup as well as Gaylon and Justin Beights. The Beights retain a financial share in the project but are no longer active partners. The Jessups hired Manchester Capital Management LLC in May 2012 to revisit the master plan. Old Trail has a total build-out of 2,200. [3]

A senior living facility called the Lodge at Old Trail was opened in May 2012. [4] [5]

County officials originally thought that Old Trail's primary audience would be older people without children, but actual demographics have caused concern that Brownsville Elementary School is not large enough to handle the demand for spaces. [6]

In February 2016, the Board of Supervisors agreed to reduce the minimum number of units from 1,600 to 1,000. [7]

Sales

In 2009, the developer of Old Trail reported $18.9 million in sales, a 29% increase over the previous year. [8]

In 2011, the Beights Corporation sold 84 homes for a total of $37.3 million in sales. [9]


Residential Units

The 2005 rezoning for Old Trail Village required developers to build between 1,600 and 2,200 residential units. In February 2016, the Board of Supervisors lowered the minimum number of units to 1,000 in light of changing market conditions.[10]

Approximately 250 residential units have been built in Old Trail Village as of August 2016 and developers hope to build another 1,000 units over the coming years.[11]

Village Center

The Old Trail Village Center is the urban core of the community.[12]

The village center is currently home to 24,000 square feet of commercial space and 35 apartments.[13] Its offering of businesses includes restaurants, healthcare professionals, real estate offices, and an ACAC Fitness and Wellness Center.[14]

A new phase of commercial space in the village center will be constructed north of the existing center along Old Trail Drive.[15]

The new phase will be a 50,000 square foot, four-story building with retail on the first floor, office space on the second floor and 22 apartments on the third and fourth floors. Some potential tenants for the commercial space include a restaurant, a small grocery, a bike store and an outdoors store.[16]

Construction on phase II will likely start fall 2016 and the spaces will open summer 2017.[17]


References

  1. Web. [http://www.albemarle.org/upload/images/forms_center/departments/community_development/forms/PC_Reports/COMP_PLAN_UPDATED_10-11_STAFF_REPORT3.pdf CPA 2013-00001 COMPREHENSIVE PLAN REVISION Part 2: Trends], Table 6: Residential Units Approved through Rezonings and Special Use Permits, County of Albemarle, September 28, 2011, retrieved October 11, 2011.
  2. Web. Crozet Master Plan, Chapter 3, October 13, 2010, retrieved October 18, 2010.
  3. Web. New Management Takes Over Old Trail Development, Mike Marshall, Crozet Gazette, Crozet Gazette, June 7, 2012, retrieved June 12, 2012. Print. June 7, 2012 .
  4. Web. About the Lodge, The Lodge at Old Trail, retrieved September 16, 2011.
  5. Web. Flag Raising Ceremony Marks Opening of The Lodge, Mike Marshall, Crozet Gazette, Crozet Gazette, June 7, 2012, retrieved June 12, 2012. Print. June 7, 2012 .
  6. Web. Albemarle school redistricting panels developing options, Aaron Richardson, Daily Progress, World Media Enterprises, November 24, 2012, retrieved November 26, 2012.
  7. Web. Old Trail Reduces Its Build-out Target, News Article, Crozet Gazette, March 4, 2016, retrieved December 31, 2016.
  8. Old Trail Village, Annual Report, December 2009. Rep. Web. <http://www.oldtrailvillage.com/images/pdfs/OTV%20Report%20Annual_Release.pdf>.
  9. Web. 2011 home sales up in Crozet's Old Trail Village, Nate Deseline III, Work It C'Ville, Media General, February 8, 2012, retrieved February 9, 2012.
  10. Web. New commercial space coming to Old Trail, with mixed-use building expected in 2017, Tim Dodson, Charlottesville Tomorrow, August 2, 2016, retrieved August 9, 2016.
  11. Web. New commercial space coming to Old Trail, with mixed-use building expected in 2017, Tim Dodson, Charlottesville Tomorrow, August 2, 2016, retrieved August 9, 2016.
  12. Web. About Old Trail, Nest Property Management, retrieved August 9, 2016.
  13. Web. About Old Trail, Nest Property Management, retrieved August 9, 2016.
  14. Web. Old Trail Businesses, Old Trail Village, retrieved August 9, 2016.
  15. Web. New commercial space coming to Old Trail, with mixed-use building expected in 2017, Tim Dodson, Charlottesville Tomorrow, August 2, 2016, retrieved August 9, 2016.
  16. Web. New commercial space coming to Old Trail, with mixed-use building expected in 2017, Tim Dodson, Charlottesville Tomorrow, August 2, 2016, retrieved August 9, 2016.
  17. Web. New commercial space coming to Old Trail, with mixed-use building expected in 2017, Tim Dodson, Charlottesville Tomorrow, August 2, 2016, retrieved August 9, 2016.

External links

Official site