The Garrison ®
JOIN REGAL THEATRES, LONGHORN STEAKHOUSE, AND OLIVE GARDEN
This mixed-use project will feature a 12-screen movie theater by Regal Entertainment Group. The 50,539-square-foot theater will have a lounge, recliner seating and the ability to show traditional and 3D films on every screen. Starting in the fall of 2021, some of the most recognizable and successful brands in full-service dining will be available at The Garrison ®, including a LongHorn Steakhouse and an Olive Garden. There will be many other dining and retail options along the main street corridor. Over 130 apartment units are to be constructed in the first phase of the project, which will bring activity and energy to the streets day and night.
Future phases will include additional apartments, retail (including a grocery store) and office space.
About This Property:BACK TO TOP
The Pence Group obtained a re-zoning of a land portion of this 57-Acre Property on October 20, 2015, to a P-TND designation permitting a mixed-used development. The P-TND re-classification allows construction of up to 500,000 square feet of commercial space (retail and office) and 453 multi-family residential units. Separate applications for Conditional Use Permits (CPU) are approved permitting a gas service station use and a drive-through bank. A rezoning of the remaining portion of the property is planned for 4Q 2018.
WHY LEASE IN STAFFORD, VA?
Stafford County consistently ranks in the top 20 wealthiest localities in the USA with a median household Income of $100,226 (ESRI) and is currently the 20th wealthiest county in the USA (U.S. Census Bureau).
Population Growth: The 7th wealthiest county in Virginia and annual growth rate roughly 2% (out-paces region) population 147,000 + millennials = 13%.
At-Place Employment: Leads Virginia in growth – growing 2.6% annually (’09-’14).
Interstate Daily Travelers: I-95 has over 137,000 cars per day. Extraordinary interstate access (5 exits w/ 60,000 ADT).
Highly Educated: 60% of the population has a bachelor’s degree or higher (or military equivalent).
Home Ownership: 78.3%, median housing value = $341,100. Thousands of residential units in the pipeline.
Stafford is the home to Quantico Marine Corp Base (QMCB) which as of 2018…
Employs more than 25,000 civilian and military personnel.
On-site personnel grows 3.1%/year and civilian personnel grows at a 1.6% rate.
Has 1562 permanent housing units (1,137 family housing units, 335 for officers and 782 for enlisted units)