Jim Faulconer 434.981.0076 jfaulconer@mcleanfaulconer.com Court Nexsen 646.660.0700 court@mcleanfaulconer.com
EDGEMONT
$15,000,000 | MLS 576150 | North Garden, VA Court Nexsen, 646.660.0700
GONE AWAY FARM
$3,450,00 | MLS 658352 Charlottesville, VA
Jim Faulconer, 434.981.0076
Will Faulconer, 434.987.9455
$1,950,000 | MLS 657678 | Charlottesville, VA Jennifer Von Reuter, 202.957.3465
$1,178,000 | MLS 656160 | Charlottesville, VA Jim Faulconer, 434.981.0076
Will Faulconer, 434.987.9455
BENTIVAR MANOR
$4,875,000 | MLS 652353 | Charlottesville, VA
Jim Faulconer, 434.981.0076 Will Faulconer, 434.987.9455
$2,235,000
FIELDS OF BOAZ
$3,995,000 | MLS 652608 | Ivy, VA Court Nexsen, 646.660.0700
CEDAR RIDGE
$1,950,000 | MLS 658780 | Esmont, VA Court Nexsen, 646.660.0700 Katherine Leddington, 646.593.0333
$489,950
New neighbors
UVA Foundation moving forward with North Fork residential development
By Sean Tubbs
When the University of Virginia Foundation purchased hundreds of acres of land by the Charlottesville Regional Airport in 1986, the intent at the time was to create a research park to support business and commerce.
Decades later, the foundation is prepared to turn a section of the 562-acre site into a place where hundreds of people can live, and has issued a request for interested developers to submit their qualifications.
Earlier this year, the Albemarle Board of Supervisors approved a rezoning allowing for homes to be built there.
“The residential program’s updated Master Plan will create housing for those working in North Fork, adjacent properties, and the broader community,” reads the request for qualifications.
In all, up to 1,400 homes can be built at North Fork, but this particular phase would involve up to 600 units. The RFQ calls for a mixture of market-rate, workforce housing, and affordable units, with the latter defined as being at prices at 80 percent of the area median income.
“The goal is to offer mixed-income housing opportunities that support live/work/ play environments at North Fork, while addressing the area’s housing needs,” says Fred Missel, the foundation’s director of development.
North Fork is one of three locations where both UVA and the Foundation seek to provide income-restricted housing as part of an initiative called for by a committee UVA President Jim Ryan formed soon after he took office in 2018.
An exact breakdown of income levels for the 600 units is not required in the RFQ, but the document does say “an optimal number of affordable units guided by best practices for successful mixed-income
communities that support community and economic development initiatives.”
Missel says the Foundation hopes to identify a developer who would build something unique to Albemarle.
“Qualified development teams will be expected to present a vision that incorporates elements of sustainability, resilience, superior community design, economic development, and affordability, tailored to create a unique community that stands out in the area,” Missel says.
North Fork is in the Hollymead neighborhood as classified by Albemarle County, and the 1,400 units allowed under the recent rezoning are among the 5,221 approved but not yet built, according to the county’s development dashboard. Just over 1,000 units are under review in this area, including an additional 655 at North Pointe.
While there is no date for construction in the RFQ, UVA’s website on the affordable housing initiative estimates it will happen in the spring of 2027.
Missel says there is no specific date at this time, but the zoning is now in place and the Foundation has made investments to prepare for the additional residents. To support the county’s infrastructure, the Foundation spent $6 million in 2020 to connect Lewis and Clark Drive to Airport Road. Eventually, that roadway will connect with Berkmar Drive, creating a parallel road to U.S. 29. That’s a core principle of the Places29 Master Plan adopted by county supervisors in February 2011.
UVA has previously selected a nonprofit entity called Preservation of Affordable Housing to develop a two-acre site at 10th and Wertland streets, and that project is listed as going to construction in the summer of 2026. The Piedmont Housing Alliance was selected to develop a 12-acre Fontaine Avenue site, expected to move dirt sometime in 2027.
Up to 1,400 units can be built at the North Fork Discovery Park, but this phase anticipates up to 600 new places to live.
UVA FOUNDATION
WEST LAKE FOREST DR. 2409
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