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Evidence to Support Perfect Storm
of Enhanced Property-Owners Prosperity
HAPPENING NOW!
Billions $$s of Investments … Creating Thousands of Well-Paying Jobs
Plus, an Expanded Pool of Quality Tenants!
Unprecedented Powerhouse of Residential Rental Demand
Central Virginia is the choice for three, billion-dollar commercial development projects … in process. Combined, they will generate thousands of new jobs over the next 2 years … plus thousands more in “indirect/supportive” jobs and “feeder” businesses.
Residential landlords and investors can anticipate an unprecedented powerhouse of concentrated positive financial impact both short-term (development phase) and long-term sustained economic growth. That means an expanded demand for residential rentals and tenant stability plus wage inflation to support the potential for rent increases.
Here are the billion-dollar projects underway by the three sponsoring companies:
- Lego
- Kalahari Resorts & Conventions
- Eli-Lily
Plans, Timeline, Employment, Expanded Tenant Pool Geography
LEGO Manufacturing Virginia
Location: 1400 Meadowville Road, Chester, VA 23836
Lego reports construction of its state-of-the-art facility remains on track to begin production as a fully functioning entity in 2027.
Investment: Over $1.5 billion … including factory & distribution center
Footprint: More than 1.7 million square feet
Employment: More than 500 team members are currently employed, growing to over 1,700 within 10 years. Click here for a peek at career opportunities that will attract a quality tenant pool.
Ideal Tenant Commuting Radius & Areas to Rent – 30 Minutes’ Drive:
Kalahari Resorts & Conventions:
The newest location is planned for a grand opening in late 2026.
Location: Spotsylvania County, near Thornburg, right off I-95 … midway between Washington DC and Richmond Virginia.
Features: Over 175,000 square feet of indoor waterpark fun (Virginia’s largest), 900 family-friendly suites, and a massive convention center … making it a major tourist destination for the Mid-Atlantic region.
Investment: $900 million
Employment: Over 1,400 jobs in hospitality, maintenance, food service, and management.
Ideal Tenant Commuting Radius & Areas to Rent – 30 Minutes’ Drive:
Eli-Lily:
The company announced plans in September 2025 to immediately begin construction of a manufacturing plant in Goochland County, Virginia.
Location: West Creek Business Park
Features: The facility is set to be one of the largest in Virginia's history. Production is expected to begin within five years with phasing and validation likely to extend into the early 2030s. The end products focus on advanced cancer and autoimmune therapies.
Investment: The $5 billion facility, part of Lilly's $50 billion national expansion, represents a major investment positioning Virginia as a key hub for cutting-edge therapies
Employment: The project will create over 650 high-wage jobs and 1,800 construction jobs.
Ideal Tenant Commuting Radius & Areas to Rent – 30 Minutes’ Drive:
Evidence to Support Perfect Storm
of Enhanced Property-Owners Prosperity
- Investment Commitments: $7.4 Billion
- Increased Employment: 5,550 Workers … Good Paying Jobs
- Commute Times Attractive to Quality Workforce
- Expanded Employed Pool of Desirable Tenants
- Competition for Workers Drives Wage Inflation
- Stable Employment and Wage Inflation Supports Increased Rents