In the face of significant opposition from neighboring residents, Jim Theobald has taken Blackwood Development’s One Pouncey project in Henrico one step closer to reality.
A proposal for the $40 million project - which would include 295 apartments and 20,000 square feet of commercial space on 10 acres near the Twin Hickory development - has been recommended for approval and sent to the Henrico County Board of Supervisors for consideration on September 8.
In lobbying the Planning Commission for support, Jim noted that client Blackwood had responded to concerns received in a virtual community meeting by committing to road improvements and fencing between the site and the neighboring townhomes. Blackwood also reduced the amount of retail space in the project by more than half, and reduced building heights closest to the townhomes.
The site, originally zoned for industrial use, is currently approved for 90,000 square feet of retail. Jim strategically positioned the One Pouncey project as a “downzoning” relative to that plan, with a much lower impact on area traffic.
Click here to read more about the project in Richmond Biz-Sense.