| |
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
| 1.
Land lease |
TBD |
| 2.
Build-to-suit |
|
|
Class A Office |
$23 - $25.00 Full Service Lease |
| Lab
Space |
$22 - $25.00 Full Service Lease |
Building
Timeframe/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
Masterplan
Features
Designed by the nationally acclaimed
land-planning firm of Duany Plater-Zyberk & Company and the
Charlottesville firm of Mitchell/Matthews Architects. The Park represents
an evolution in development planning, uniting the harmony and community
of Jefferson's Academical Village with a full-functioning office
and research environment.
| • |
Urban
(Town Center) and Rural (Districts) settings |
| • |
Award-winning
design |
| • |
High
quality construction |
| • |
People-oriented
corporate village |
| • |
Plaza,
boulevards, cafes, green spaces |
| • |
Design
Code (allows for a consistent high level of well-planned construction
to protect tenant's investment and the overall integrity of
the Park) |
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.
Development
to Date
|
Number
of buildings
|
7 + 1 under construction |
|
Building
sizes
|
25,000
- 90,000 gsf |
|
Completed
development
|
401,000
gsf |
Fontaine
Research Park
Fast
Facts
|
Developer
|
University
of Virginia Foundation |
|
Location
|
Albemarle
County, adjacent to the University and Rt. 29 |
|
Purpose
|
Develop/enhance
relationships between UVA and private sector |
|
Park
size
|
54
acres |
|
Parcel
size
|
3-5
acres |
|
Uses
|
Office,
laboratory, research & development, medical and pharmaceutical,
support commercial/retail |
|
Zoning
|
Commercial
Office (CO) |
|
Development
rights
|
495,000
square feet |
|
Year
started
|
1994 |
|
Projected
buildout
|
2006 |
Park
Utilities
All utilities brought to property line.
|
Power
|
Dominion
Virginia Power |
|
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
| 1.
Land Lease |
TBD |
| 2.
Build-to-suit |
|
|
Class A Office |
$23 - $25.00 Full Service Lease |
| Lab
Space |
$22 - $25.00 Full Service Lease |
Building
Timeframe/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
Masterplan
Features
| • |
Urban
design with mountain views |
| • |
High
quality construction |
| • |
Strong
pedestrian orientation |
| • |
Design
Guidelines (allows for a consistent high level of well-planned
construction to protect tenant's investment and the overall
integrity of the Park) |
Park
Amenities
| • |
20
acres of open space |
| • |
Beautiful
mountain views |
| • |
Central
tree-lined grass allee |
| • |
Walking
and jogging trails |
| • |
UVA
connections |
Park
Infrastructure
Park infrastructure is fully built-out. A common
area maintenance (CAM) charge is assessed to every tenant to provide
funds to maintain the common area spaces and landscaping.
Development
to Date
|
Number
of buildings |
8 |
|
Building
sizes |
45,000
to 75,000 gsf |
|
Completed
development |
495,000 |
|
|
 |
