702 University City Boulevard PRD rezoning request

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Applicant/Owner

Balzer and Associates, INC for Ascent Property Co.

Location:

Project Area: 702, 810, 820, 840, & 844 University City Boulevard

Tax Map and Parcel ID Numbers:

225-10 B-1, 225- 10 B-2B & 225- 10 B-3; Parcel ID: 017921, 031944 and 027253

Planning Department Staff:

Kinsey O'Shea koshea@blacksburg.gov 540-443-1300

Description:

(Changes based on November 24 Amended Application submittal shown in bold and italics)

Rezoning request (RZN-25-7) from GC General Commercial to PR Planned Residential for Mixed Use-Multi-Family and Commercial development at 702 University City Boulevard.

The development includes the demolition of several commercial and mixed-use buildings. The proposed density is 54.7 units/acre or 177 bedrooms/acre.

Affordable units are part of the unit mix with a minimum of 14% of the units meeting requirements for households earning between 50% - 80% AMI for a period of not less than 50 years.

The proposed parking ratio is 0.57 spaces per bedroom.

There are no modifications requested.

The Future Land Use designation in the Town’s Comprehensive Plan is Commercial. While complementary residential uses may occur in these areas, the primary use of this designation is intended to be commercial.

Neighborhood Meeting	Wednesday, September 3, 2025, 6:00 pm in the Blacksburg Motor Company Building at 400 South Main Street.
Planning Commission Work Session	Tuesday, September 16, 2025, 5:00 pm in the Blacksburg Motor Company Building at 400 South Main Street. ADDITIONAL DATE: Tuesday, October 21, 2025, 5:00 pm in the Blacksburg Motor Company Building at 400 South Main Street.
Planning Commission Public Hearing	UPDATE: October 7, 2025 Planning Commission Public Hearing cancelled. NEW DATE: Tuesday, November 4, 2025, 6:30 pm in the Roger E. Hedgepeth Chambers, 2nd Floor Municipal Building, 300 South Main Street. (Recommended approval with a vote of 5-4)
Town Council Work Session	Tuesday, November 18, 2025, 11:00 am in the Blacksburg Motor Company Building at 400 South Main Street.
Town Council Public Hearing	Tuesday, December 9, 2025, 6:30 pm in the Roger E. Hedgepeth Chambers, 2nd Floor Municipal Building, 300 South Main Street. (Denied with a vote of 5-2)