UVA Foundation purchases three properties on Arlington Boulevard 

If you want to know where the University of Virginia might grow in the future, take a look at real estate purchases made by the University of Virginia Foundation. 

On May 31, an entity tied to the foundation called Arlington Boulevard of Charlottesville LLC purchased 1928, 1932, and 1936 Boulevard for $10.5 million. That’s a total of 1.42 parcels and includes three office buildings. 

The seller is the University of Virginia Community Credit Union. The sales price is 38.27 percent over the combined 2024 assessment of $7,593,900 for the three properties. 

The UVA Foundation already owns 1982 Arlington Boulevard and 2102-2016 Arlington Boulevard. All of the properties are zoned Node Mixed Use 10 under the city’s new Development Code. None of these properties are shown in the University of Virginia’s master plan known as the Grounds Plan: A Framework for Campus Planning. (view the document)

The UVA Foundation pays property taxes to the City of Charlottesville but UVA does not as state institutions are exempt from local governance. 

Arlington Boulevard connects Emmet Street to Massie Road which leads to UVA’s North Grounds. Nearby, UVA has recently put out a request for qualifications for firms to develop student housing for second-years across Emmet Street just to the south at the site of the former University Garden. (read that story)

This property was not discussed as part of the University of Virginia’s Buildings and Grounds Committee meeting on June 7, but that group and the full Board of Visitors endorsed the schematic design for a new parking garage to serve North Grounds. One member of the Buildings and Grounds panel was concerned adding another parking garage would lead to more traffic congestion on game day.

UVA Architect Alice Raucher said the garage had gone through a traffic impact study.

“The traffic is not good now and this will make it marginally worse by a number of seconds, not significant minutes, but I do think that if we make the connection to Millmont and Arlington Boulevard, that will unlock what is really a giant cul-de-sac in North Grounds,” Raucher told the committee.

No specific details were given at the meeting. Looking at a map, these properties on Arlington Boulevard have Copeley Road at their rear.

Another property recently purchased by the UVA Foundation is the Ivy Square Shopping Center purchased in December 2021 for $20 million. In October 2022, the Foundation purchased 2119 Ivy Road for $2.575 million.

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