Facts

University of Virginia Research 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 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 million square feet
  • Year Started: 1994
  • Projected Buildout: 25+ years

Park Utilities

A utility corridor follows the road alignment. All utilities brought to property line.

  • Power: Dominion Virginia Power (redundancy available), Rappahannock
  • Fiber: State-of-the-art. nTelos, Adelphia, Sprint (tenant's choice)
  • Gas: Charlottesville Gas
  • Cable: Adelphia Cable Company
  • Water: 12" water line, capacity 1500 gpm
  • Sewer: 8-15" sewer lines, capacity 250,000+ 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 and County Approval Process

  • Overall building timeframe: 12 - 18 months
  • 3 months to select team and design building
  • 3 months to obtain Albemarle County approvals
  • 9 - 12 months for construction

Development to Date

  • Number of buildings: 8
  • Building sizes: 25,000 - 90,000 gsf
  • Completed development: 554,000 gsf

Park Amenities

  • 200 acres of open space
  • Beautiful mountain views
  • Multiple lakes/ponds
  • Preserved historic homestead, recreation area
  • Athletic fields
  • Walking and jogging trails
  • UVA connections

Park Infrastructure

Currently, there are two entrances to the park. The main entrance is located on Charlottesville's major north-south artery, Route 29, and the back entrance leads directly to the airport. A mile-long four-lane public road with media makes up the initial road infrastructure. Additional public roads will be added in phases 2 and 3. A common area maintenance (CAM) charge is assessed to every tenant to provide funds to maintain the common area spaces and landscaping.

Research Parks