VERVE Charlottesville
VERVE Charlottesville is the name of a 12-story multifamily development project under construction near the University of Virginia on Stadium Road. The firm Subtext is behind the project with Kayne Anderson Real Estate serving as a joint venture equity partner. [1]
This was one of the last projects approved under Charlottesville's 2003 zoning code. To make way for the project, City Council and the Board of Architectural Review had to remove the individually protected property status from one of the properties, 104 Stadium Road.
| VERVE | ||
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100 Stadium Road
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| Use Type | Mixed-Use Apartments & Retail | |
| Lot Size | 3.3 acres | |
| Gross Floor Area | 729,262sf | |
| Building Height | 75'-135' | |
| Stories | 12 | |
| Residential units | 463 units (1,332 beds) | |
| Parking | 386 spaces (structured) | |
| Development Firm | Subtext | |
| Architect | ESG Architecture & Design
Wolf Ackerman Design (local consulting architect) |
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| Engineer | SK&A for structural engineering
Timmons Group for civil engineering |
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| Approval Process | Planned Unit Development | |
| Date Approved | 2023 | |
| Construction Started | 2025 (expected) | |
| Construction Completed | 2027 (expected) | |
| Application # | ZM23-00004 | |
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Specifications
The project will total 729,262 square feet and will have 463 units with 1,332 bedrooms. There will be studios to four-bedroom apartments. As part of the rezoning, the developer will contribute $6.8 million to the Charlottesville Affordable Housing Fund.
Other partners include:
- Sumitomo Mitsui Banking Corporation – The project’s lender
- John Moriarty & Associates – General contractor
- ESG Architecture & Design – Architecture and interiors
- WOLF ACKERMAN DESIGN – Local consulting architect.
- AJC Design Group – Landscape architecture
- SK&A – Structural engineering
- Timmons Group – Civil engineering
- Williams Mullen – Local counsel. [1]
Timeline
- June 13, 2023 – Preliminary discussion before the Charlottesville Planning Commission [2]
- November 1, 2023 – University of Virginia Architect Alice Raucher writes letter asking for Council to consider the impact the project would have on UVA's built environment (read the letter)
- November 14, 2023 – Charlottesville City Council and Planning Commission hold joint public hearing
- December 18, 2023 – Charlottesville City Council approves the PUD, in the same meeting as the 2117 Ivy Road PUD and just before approving the rewritten 2023 zoning ordinance.
- April 9, 2024 – Entrance Corridor Review Board defers Certificate of Appropriateness application over concerns about cladding materials [3]
- June 11, 2024 – Entrance Corridor Review Board approves Certificate of Appropriateness [4]
- September 10, 2024 – Site plan receives final approval [5]
- February 18, 2025 – City Council public hearing on temporary aerial easement for three tower cranes [6]
References
- ↑ 1.0 1.1 Web. 12-Story MF Development Planned Near University of Virginia, Jasmine Kilman, Connect CRE, December 16, 2024, retrieved December 17, 2024.
- ↑ Web. Three major apartment buildings under review at Charlottesville PC meeting, Sean Tubbs, News Article, Town Crier Productions, June 13, 2023, retrieved November 14, 2023.
- ↑ Web. Agenda for April 9, 2024 Charlottesville Planning Commission, City of Charlottesville, April 9, 2024., retrieved 2025-02-12.
- ↑ Web. Agenda for June 11, 2024 Charlottesville Planning Commission, City of Charlottesville, June 11, 2024., retrieved 2025-02-12.
- ↑ Web. Agenda for September 10, 2024 Charlottesville Planning Commission, City of Charlottesville, September 10, 2024., retrieved 2025-02-12.
- ↑ Web. Agenda for February 18, 2025 Charlottesville City Council, City of Charlottesville, February 18, 2025., retrieved 2025-02-12.