The City of Charlottesville and the Virginia Department of Transportation nominally won in a circuit court hearing last week over a motion for a preliminary injunction to stop the Meadowcreek Parkway, but the victory may be pyrrhic depending on what Judge Jay Swett decides during a May 19 hearing over the merits. Meadowcreek Parkway […]
The City of Charlottesville and the Virginia Department of Transportation nominally won in a circuit court hearing last week over a motion for a preliminary injunction to stop the Meadowcreek Parkway, but the victory may be pyrrhic depending on what Judge Jay Swett decides during a May 19 hearing over the merits. Meadowcreek Parkway […]
JUMP TO… • Douglas Caton (No. 10) • Coran Capshaw (No. 9) • Federal Realty Investment Trust (No. 8) • Westminster-Canterbury of the Blue Ridge (No. 7) • Martha Jefferson Hospital (No. 6) • Charles Rotgin, Jr. (No. 5) • Wendell Wood (No. 4) • Hunter Craig (No. 3) • Dr. Charles Hurt (No. 2) […]
UNIVERSITY OF VIRGINIA FOUNDATION Assessed value: $342 million Acres: 4,766 Notable holdings: Boar’s Head Inn and Birdwood Golf Course; North Fork Research Park; Fontaine Research Park; Morven Farm; 18 residential properties; 14 apartment buildings; 18 office buildings; two other hotels; one former hospital; and five restaurants. The UVA Foundation, which manages the taxable real estate […]
DR. CHARLES HURT Virginia Land Company Assessed value: $132 million* Acres: 3,155 Notable holdings: Fray’s Grant, Pavilions at Pantops, Advance Mills Farms, Mink Creek Estates, Montgomery Ridge. In 1961, Virginia Land Company was founded by Dr. Charles Hurt, a 1954 graduate of the UVA School of Medicine. Much of Hurt’s assets are in undeveloped land, […]
HUNTER CRAIG Assessed value: $126 million* Acres: 1,305 Notable holdings: Biscuit Run, Wachovia tower on the Mall, the Bank of America building on the Mall, Chancellor Building on the Corner, Barracks West Condos Hunter Craig is either well positioned to make a killing when the recession ends or stuck with a millstone around his neck. […]
WENDELL WOOD United Land Corporation Assessed value: $122 million* Acres: 1,966 Notable holdings: Undeveloped portions of Hollymead Town Center; office buildings adjacent to NGIC; Forest Springs Mobile Home Park. In the news recently for the sale of a 48-acre tract of land to the U.S. Army for the expansion of the National Ground Intelligence Center […]
CHARLES ROTGIN, JR. President and CEO of Great Eastern Management Company Assessed value: $120 million Acres: 402 Notable holdings: Much of North Pointe, Pantops Shopping Center (the one with Food Lion), Solomon Court and Pineridge. A 1966 graduate of UVA, Charles “Chuck” Rotgin, Jr. began his real estate development, construction and management career in 1971 […]
MARTHA JEFFERSON HOSPITAL Assessed value: $112 million Acres: 110 Notable holdings: Downtown campus; new center at Peter Jefferson Place; Crozet Family Medicine; Health Services at Proffit Road A nonprofit, community hospital established in 1903, Martha Jefferson has recently entered negotiations with a North Carolina development firm to redevelop its 14-acre downtown campus. The hospital is […]
WESTMINSTER—CANTERBURY OF THE BLUE RIDGE Assessed value: $112 million Acres: 57 Westminster-Canterbury of the Blue Ridge, a faith-based retirement community, opened in 1990 as a joint venture between the Presbyterian and Episcopal churches. The 57-acre nonprofit sits off Route 250 at Pantops. Fun Fact: Westminster-Canterbury of the Blue Ridge is one of approximately 350 retirement […]
FEDERAL REALTY INVESTMENT TRUST Assessed value: $106 million Acres: 37 Notable holdings: Barracks Road Shopping Center; Shopper’s World Shopping Center One of the few nonlocal entities on the list, Federal Realty Investment Trust specializes in retail assets and, as such, owns or manages over 100 commercial properties, or 18.1 million square feet, across the country. […]