Plans have been made for a Riverside Station mixed-use development in Prince William County, Virginia. The plans were made by IDI Group Cos. and Boosalis.
The Prince William County Board of Supervisors approved the project. Therefore, the co-developers will soon commence construction on the student apartment. The 19.2-acre project will include the construction of 970 housing units. In addition, it will comprise 130,000 square feet of non-residential components.Â
The Riverside Station development is in line with the North Woodbridge Small Area Plan. The Board approved the plan back in October 2019. Ideally positioned at a prominent intersection between Route 1 and Route 123 in Woodbridge, the project assembles two popular parcels. These include the approximately 13-acre Station Plaza Shopping Center and a former 6-acre car dealership site.
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Development plans for the Riverside Station project
The developers plan on building Riverside Station in three phases, starting with 330 units and a 40,000-square-foot non-residential component. This construction is scheduled to begin in mid-2023 and reach completion by 2025. However, 80% of the residential units will be reserved for households earning between 60% and 100% of the AMI.
On the other hand, the non-residential components of Riverside Station will include commercial spaces such as dining and retail. In addition, the development also covers green spaces and the construction of a pedestrian bridge over Route 1. Upon completion, the developers expect the project to bring more than $380 million in capital investment to the area. Additionally, 250 full-time jobs will be provided for the local community.
George Boosalis, a Principal Broker of Boosalis Properties, expressed his gratitude for the support provided by certain city officials. He thanked Supervisor Franklin, Deputy County Executive Horner, and both Christina Winn and Jim Gahres from the Department of Economic Development. Boosalis also said the Riverside Station project wouldn’t have become a reality without their assistance.
The Managing Director of IDI Group, Carlos Cecchi, described Riverside Station as a transformative project for Woodbridge. He further stated that the company was grateful for the county’s support and its vision to incorporate the Small Area Plan.
