Richmond—>Charlottesville

The most recent indicator that the Richmond and Charlottesville markets are becoming closer in proximity to one another is the announcement that Goochland County is promoting infrastructure development at the Oilville interchange at I-64. Located approximately 10 miles west of Short Pump, the Oilville interchange is a typical highway commercial node with a couple of gas stations and minimal fast food. It should be noted that there is a multi-tenant commercial building at the interchange as well which houses the Grey Bear Grill and Thompson Builders among others. While Oilville is 40+ miles east of Pantops Mountain (typically thought of as the easternmost I-64 gateway to Charlottesville), it is only 30 miles east of Zion Crossroads which is quickly becoming a large bedroom community for Charlottesville. In many peoples minds, Richmond and Charlottesville are an hour from one another. From certain real estate perspectives, they’re now 30-45 minutes apart. Growth at the interchanges between the two will likely string the MSAs closer and closer together.

Entry posted on 3/5/2008 at 9:34 PM