Real Estate Weekly | 6.19.2024

Annie Gould Gallery

A unique art gallery located in the heart of historic Gordonsville.

109 S. Main Street, Gordonsville, VA • (540) 832-6352 anniegouldgallery

New HQ University credit union moving ahead with plans for new headquarters on Fifth Street Extended

By Sean Tubbs

One of the area’s oldest financial institutions is preparing for the future with plans to move its headquarters from Albemarle’s central urban area to one emerging in the south.

In 2026, the UVA Community Credit Union will move from 3300 Berkmar Dr. to a large six-acre tract at 1201 Fifth St. SW at Interstate 64’s Exit 120.

“To ensure handicap accessibility, we’ll be demolishing the existing building and constructing a modern Jeffersonian-style structure, with occupancy targeted for summer 2026,” reads the 2023 annual report for the Credit Union.

Founded in 1954 with service restricted to employees of the UVA hospital, the Credit Union has steadily expanded. In 2021, a charter update spread its potential membership to Lynchburg in the south and to Harrisonburg in the north. The expansion paid off: The Credit Union welcomed more than 80,000 new customers in 2023.

The Credit Union bought the six-acre property in October 2021 for $8.9 million from the Christian Aid Mission, which has since moved its headquarters to 1807 Seminole Trail. The existing building was constructed in 1986 to be the headquarters of Virginia Power’s western division. Christian Aid bought the property in September 1997 for $3.6 million.

The Credit Union recently sold the building that contains their branch on

Arlington Boulevard as well as two other properties for $10.5 million. The purchaser is the University of Virginia Foundation, which tends to continue to rent to existing businesses until it’s time for UVA to use the property. None of their other branches are currently listed for sale.

The northern portion of the property abuts Moores Creek and serves as part of the route for the Rivanna Trail.

The Credit Union plans to demolish the existing building and construct a new twostory structure with almost the same footprint as the present one with 41,086 commercial square feet. The Albemarle Architectural Review Board will take a look at the plans in the near future.

This section of Albemarle County has been steadily growing with the opening of 5th Street Station in late 2016 after being rezoned for commercial development in March 2008. Since then, traffic volumes have increased and there are several transportation projects in the works. One of them could be the conversion of Exit 120 into a diverging diamond. Albemarle Supervisors endorsed that plan last week. While there are no residential units associated with this project, Albemarle classifies this area as Neighborhood 5, one of Albemarle’s designated growth areas. There are 1,453 dwelling units approved but not built as of April 1. Most of those units are in the Southwood Mobile Home about a mile to the south down Fifth Street Extended.

A rendering of the future UVA Credit Union headquarters to be located at 1201 Fifth St. SW just over the line in Albemarle County.

BENTIVAR MANOR

Exquisite brick home on 88 acres less than 5 miles from city limits. Residence is in excellent condition, 7-BR and 11,000+ sf. The property is a mix of pastures & woods with long frontage on the Rivanna River, & miles of trails. MLS#652353 $5,200,00 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455

GIBSON’S HOLLOW

Ivy area! 160+ acre hidden, private Arcadia at the entrance to its own little valley. Multiple parcels and subdivision rights make it a conservation easement candidate. Backs up to Bundoran Farm. MLS#652577 $1,990,000 Tim Michel, 434.960.1124

CRAIGS STORE ROAD

76 acre parcel in western Albemarle with compelling views of the Blue Ridge Mountains, diverse terrain, and multiple estate-caliber building sites. 15 miles from Charlottesville, not under conservation easement. MLS#652337 $1,150,000 Court Nexsen, 646.660.0700

MONTICELLO AVENUE

1-BR, 1-BA condo located just steps away from the Downtown Mall. Boasting pristine condition this unit features a gourmet eat-in kitchen, private balcony and more! Exceptional opportunity to experience the best of Downtown living! MLS#651308 $457,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455

FIELDS OF BOAZ

A country French estate on 24 acres 6 miles from the University of Virginia. Timeless charm and modern luxury with soaring ceilings, spacious primary suite, home office, wine cellar, guest quarters, and private pond. MLS#652608 $3,995,000 Court Nexsen, 646.660.0700

HIGH FIELDS

Scenic 42-acre farm just 10 miles from Charlottesville. Features pastures, woodlands, serene creek, antique farmhouse, updated kitchen, 3-BA, 4-BR, and panoramic Blue Ridge Mtn. vistas, and substantial barn. MLS#651245 $1,695,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455

MACLIN BUILDING CONDO

North of Charlottesville’s Downtown Mall, 2-BR, 2-BA Maclin Building condo offers modern amenities: 1,400 sf., gas FP, gourmet kitchen, glass window DR, urban, Blue Ridge views, parking, high-speed internet. MLS#651029 $695,000 Jim Faulconer, 434.981.007 or Will Faulconer, 434.987.9455

NEWPRICE

SMITH ROAD

2.4-acre lot with mountain views, a gravel driveway, and over an acre of grassland. Complete with a 30 GPM well, electricity, and fencing. Perfect for your dream home, close to Crozet, Waynesboro, and Charlottesville. MLS#653155 $197,000 Jim Faulconer 434.981.0076 or Will Faulconer 434.987.9455

MEADOW FARM

436+ acre parcel of land in Southern Albemarle! 4 division rights; complete privacy; lush, gently rolling terrain; long road frontage; stream; 3-acre lake; 125-135 acres of open land; mature hardwood forests. Under conservation easement. MLS#651411

$2,985,000 Charlotte Dammann, 433.981.1250

HISTORIC STAUNTON

Meticulously renovated National Historic Register home, blending modern amenities with remarkable charm. 5-BR with hardwood floors, stained glass windows, and trim. Quartz kitchen, magnificent primary suite, terrace apartment. MLS#653080

$1,295,000 Court Nexsen, 646.660.0700

KESWICK ESTATE

Discover Keswick Estate, a gated community near Keswick Hall, offering a 2.10± acre building site harmonizing country life and resort living in Virginia’s Blue Ridge Mountains. Create your dream home close to golf, dining, tennis, and more. MLS#650785 $515,000 Court Nexsen, 646.660.0700

SIMMONS GAP/ESTES RIDGE

10 acres of mature woods. Property has long road frontage and consists of two parcels being combined and sold as one. No homeowners association! Design and build your dream residence on this very well-priced parcel. MLS#621178 $189,000 Charlotte Dammann, 434.981.1250

being sold below the appraised value. It is 2 parcels located within the Town Activity Center Zoning (mixed use) on a combined total of 4.059 acres, 6 buildings, 1 pavilion, and 1 house, all totaling 35,034 sq ft with ample parking on a corner lot. Contact the listing agent to schedule a showing. The listing agent is related to the seller and must accompany. Parcel #1 is 385 and 389 Waugh Blvd, Orange, VA tax map # 44-111; parcel #2 is 401 Waugh Blvd tax map # 44-113A. The property is being sold in its entirety and will not be divided. Parcel #1 has 6 buildings with a combined square footage of 30,832 plus a 900 SF pavilion, and 3.632 acres. Parcel #2 has a 2,822 gross sq ft residence which includes a full basement, 4 bedrooms, and 3 full baths plus a 480 sq ft detached garage on 0.427 acres. $2,900,000