City Readies MOU with Virginia Village Developer
Urban Atlantic’s plan calls for 132 affordable rental units in two mid-rise buildings on the Virginia Village site and 10 for-sale townhome lots that are key to the project’s financing.
Urban Atlantic’s plan calls for 132 affordable rental units in two mid-rise buildings on the Virginia Village site and 10 for-sale townhome lots that are key to the project’s financing.
Staff reviewed the effectiveness of recent zoning changes in increasing residential housing in the City. Additional zoning ordinance changes are also explored to encourage more development.
The City Council prioritizes flexibility for the developer over citizen concerns about increased heights, reduced setbacks, and minimum parking requirements.
With low-income housing tax credits expiring and the increasing value of the land, The Fields may be redeveloped at market rates.
Council votes unanimously for developer’s alternative plan to expand affordable housing on the Virginia Village site. Urban Atlantic releases its concept drawing.
City Council is expected to choose the top-ranked developer the same day the evaluation committee presents its recommendations. Zoning remains unsettled.
Update: Executive summaries of developer proposals are now available.
Among several agenda items affecting Virginia Village, the City Council will vote to create a special exception process for redevelopment at the site, beginning July 1, 2027.
The Planning Commissioner recommended making plans clear that housing is the top priority for any redevelopment of the site while also describing what forms open space might take and detailing protections for the Winter Hill neighborhood.