Red Dirt Alert!


A Charlottesville development dream team has broken ground on a five-story building that will cozy up to the Downtown ACAC on Monticello Avenue. The project, according to city neighborhood planner Brian Haluska, is a joint venture between Red Light Management (read: Coran Capshaw) and ACAC (Phil Wendel), two of the area’s financial heavy hitters. According to Lane Bonner of Grubb & Ellis, the building’s first floor will be retail space, with office space on the second through fifth floors. Construction crews were digging footers and elevator shafts at the beginning of May. The building, says Bonner, should be completed in February 2009. Just up the block sits the site for The Gleason condos, construction for which J.P. Williamson of Octagon Partners says is scheduled to begin June 1.