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Sunday, March 16, 2014

Vakos eyes Spotsy project

Spotsylvania County:
“Another large development is in the works near Spotsylvania County’s Interstate 95 exit in Massaponax. Spotsylvania-based W.J. Vakos and Co. is proposing 830 apartments and up to 450,000 square feet of retail space at its Southpoint II shopping center off U.S. 1. Currently, only commercial space is allowed on the property.

The area has been a prime target for growth despite traffic concerns. In the last year, the Spotsylvania Board of Supervisors has approved almost 2,000 housing units—more than half of them apartments—near the Cosner’s Corner shopping center, which is less than a mile south of Southpoint II. Vakos’ proposed 76-acre development, called Southpoint Landing, would have two sections off Southpoint Parkway. The company is asking that the land be rezoned from commercial to residential and mixed use.

One section would have a 280-unit apartment complex next to the Ballantraye subdivision. The second section, on the other side of Southpoint Parkway, would include an estimated 550 apartments and up to 450,000 square feet of retail space south of CarMax, according to Vakos. Some of the apartments could be located above retail and office space.”
~Writes Jeff Branscome of The Free Lance–Star

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