Part of Hollymead Town Center property to be sold

Posted on May 23, 2006 by Jim Duncan

One million dollars. Per acre. Wow. What does this sale mean for the future of this development?
Dr.Evil One Miliion Dollars

David Hendrick has the scoop and CvilleTomorrow pointed me to the story.

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About Jim Duncan

A Charlottesville Realtor who tries to stay on the bleeding/cutting/functional edge of technology and real estate trends. I have been selling real estate for the past 10 years, lived in C'Ville for twenty+ and am married to one of few Charlottesville natives left.
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  • Matt

    Kinda puts things into perspective when compared to Hollymeade’s sister area in the Richmond MSA, i.e., Short Pump @ $500k/ac.

  • Sam

    Proffit, proffit and more proffit for developers…and Albemarle residents get…more unaffordable housing.

  • http://www.jduncanrealestate.com Jim Duncan

    Matt – Short Pump brings *only* $500k/acre??? Fascinating. Is commercial real estate in the CharlAlbemarle market really that much more valuable??

  • Matt

    You got it…the two most recent high-profile transactions at Short Pump fetched $490k/ac (42ac) and $333/ac (110ac) respectively.

    Is C-ville commercial real estate more “valuable”? To some people. Let’s not confuse value and price though. The price disparity between the two seemingly similar (demographically speaking) areas is surprising isn’t it?