Virginia Center Commons is Richmond’s clearest look at what happens when a dead mall becomes a neighborhood. On the former mall site off I-95 at Virginia Center Parkway in northern Henrico, Stanley Martin is building the Village at Virginia Center: 361 homes, condos from $319,090 and townhomes from $399,990, next to the county’s Henrico Sports and Events Center, which took over the old Sears end of the property. As of mid-2025 roughly 31 of the 361 had sold, so this community is early, and early has consequences a buyer should price in.
Daniel Yoon is a Certified New Home Co-Broker (NHCB) representing buyers on new construction across the Richmond metro, including Henrico.
The numbers
| Builder | Stanley Martin (only builder) |
| Community size | 361 homes at build-out |
| Condos | Two-over-two condos from $319,090 |
| Townhomes | From $399,990 |
| Sales pace | About 31 of 361 sold as of July 2025 |
| Schools (per listings) | Longdale Elementary, Brookland Middle, Hermitage High; confirm with Henrico |
| Location | Former Virginia Center Commons mall site, I-95 at Virginia Center Parkway, Glen Allen |
Stanley Martin was Richmond’s second-largest builder in 2025 at 383 closings, and this is its signature local redevelopment project. The product is what it builds everywhere in Richmond, designer-coordinated attached homes; the full company picture, including its Avid survey scores against its BBB complaints, is in our Stanley Martin review. Current inventory is on our new home search at showingnew.com/dyoonnewhomes.
What you are actually buying into
The pitch is location arithmetic: I-95 on-ramp within sight, downtown Richmond about 15 minutes, the airport about 20, and a 185,000 square foot county sports and events complex as your anchor neighbor instead of a vacant mall. The complex drives restaurant and retail reinvestment along the Brook Road corridor, and it also drives event-day traffic, which residents feel on tournament weekends. The rest of the mall property redevelops in stages around the homes, so expect construction as a neighbor for years, with the payoff coming as the district fills in. This is the buy-the-block-early trade: the entry price under $320,000 for new construction inside Henrico exists because the block is not finished.
The early-community math
A community 10 percent sold cuts both ways. In your favor: maximum selection, and Stanley Martin cut prices at Virginia Center in August 2026, which tells you the builder is motivated and inventory homes have room to negotiate. Against you: an HOA that will be builder-controlled for years, amenities and streetscapes delivered on the builder’s schedule, and resale comps that will be set by the builder’s own new pricing until build-out. Two documents matter more here than anywhere: the HOA budget (who funds the shortfall while 330 homes are unsold) and the condo documents on the two-over-twos, since condo fees and what they cover differ from the townhome side. Our guides to builder contracts and incentives cover the rest of the paperwork.
How it compares nearby
The direct comparisons are Stanley Martin’s own Retreat at One in Glen Allen (townhomes to about $411,495, a more finished setting) and Ryan’s Walmsley Ridge condos in Richmond City ($234,990 entry, the metro’s lowest new-construction price). Against Walmsley Ridge, Virginia Center buys a Henrico address and a higher included finish tier for roughly $85,000 more at entry. Against Retreat at One, it buys a lower price in exchange for the construction-zone years. The head-to-head between the two parent builders is in our Ryan vs Stanley Martin comparison.
Frequently asked questions
What is being built at Virginia Center Commons? Stanley Martin’s Village at Virginia Center, 361 condos and townhomes on the former mall site in Glen Allen, alongside the Henrico Sports and Events Center. Condos start at $319,090 and townhomes at $399,990.
Is the Virginia Center Commons mall gone? Mostly. The county’s 185,000 square foot Sports and Events Center occupies part of the property, Stanley Martin’s homes occupy another, and remaining mall parcels redevelop in stages.
What schools serve the Village at Virginia Center? Listings show Longdale Elementary, Brookland Middle, and Hermitage High. Confirm assignments with Henrico County Public Schools before contract.
Is buying early at Virginia Center a good deal? The entry price and August 2026 price cuts favor buyers, and selection is wide. The trade is years of surrounding construction, a builder-controlled HOA, and resale comps set by the builder until build-out. Read the HOA budget and condo documents before deciding.
How many homes have sold at the Village at Virginia Center? About 31 of 361 as of July 2025, per county planning coverage. Ask the sales office for the current count; pace matters for HOA control and amenity timing.
Considering Virginia Center?
We can pull the current sold count, the HOA budget, and the negotiation history on the inventory homes before you visit. Daniel Yoon is a Certified New Home Co-Broker, ABR, and SRS with eXp Realty; Stanley Martin pays the buyer’s agent. Call or text 804.896.2694, or browse every new home in the region at showingnew.com/dyoonnewhomes.