Rosedale is a 62.3 acre planned development that will be one of the largest of its kind within the Lynchburg market with a proposed 20,000 SF grocery anchor + 720 residential units, 4 pad sites, and over 70,000 leasable SF of additional, new construction retail space. Located at a signalized intersection along Graves Mill Road with over 20,000+ ADT, the community offers great connectivity to the highly desirable surrounding retail trade area, which features over 876 existing luxury apartment rentals, densely clustered national brands, and an average household income above $85,000 within a 10-minute drive time. Rosedale’s master plan is fully approved and entitled with plenty of flexibility anticipated to accommodate the widest possible variety of potential uses. Construction and site work are currently underway with Phase I of the residential portion of the project slated for delivery by Spring 2023 with 240 units. Importantly, Rosedale will be a vertically integrated project from planning to delivery, fully funded and built by the developer, who is an experienced local operator with a reputation for quality, delivery, and execution. Built to suit, ground lease, and traditional leasing opportunities are now available.
