Valley View Village, To Include 420 Apartments, Proposed For Reservoir Street


Valley View Village, To Include 420 Apartments, Proposed For Reservoir Street
By Scott Rogers • March 3, 2023
Back in 2019, a proposal was approved for 156 apartments on 5.3 acres on Reservoir Street... but the apartments have not been constructed. Now, a new proposal is being considered by Rockingham County (Planning Commission, Board of Supervisors) to include two unimproved parcels totaling 18.125 acres. The applicant is proposing to build approximately 420 apartments in 13 apartment buildings with a variety of amenities such as a pool, dog wash, tot lots and a walking trail. The original 5.3 acres is already zoned Planned Multi Family (PMF) and the applicant is seeking to rezone the second parcel from R2 to PMF. As you'll note below, the two parcels are mostly surrounded by apartments, a few duplexes, and some undeveloped land. Per the applicant's representative at Blackwell Engineering, the apartment buildings will vary in size with anywhere from 28 apartments to 42 apartments per building. The apartments will be a mixture of 1, 2 and 3 bedroom units. This rezoning will go before the Planning Commission and then potentially the Board of Supervisors in the coming months. Download the entire information packet here. Receive Updates by Email Recent Articles: Buyer Demand Exceeds Supply In Varying Degrees By Price Range Pending Home Sales Data Points To Slower Months Of Home Sales Ahead Detached Resale Home Sales Decline 39% In Two Years, Down To... Pre Covid Norm What A Great Time To Sell Your Million Dollar Home Home Buyers Who Bought Homes Two Years Ago Thought They Were Paying Crazy High Prices For Their Homes How Likely Is It That We Will Find A House That Fits You Better Than This One In The Next 90 Days? Fewer Home Sellers, Thus Fewer Home Buyers, But Ever Higher Sales Prices In Early 2023 First Look At February 2023 Home Sales Balancing Optimism, Pessimism And Realism When Thinking About An Almost Perfect House
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Mar 22, 2023 (unless otherwise noted).
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