501 Cherry Avenue Mixed-Use Development
Charlottesville
Description
Council approved a $3.85 million forgivable loan and doubled the project's tax-increment incentive grant to 100%, supporting 71 affordable apartments, a community grocery, and the Music Resource Center in Fifeville.
Impact summary
Aims to finally get the neighborhood grocery store and mixed-use development built.
Applicant
- Name
- Piedmont Housing Alliance
- Address
- 501 Cherry Avenue, Charlottesville, VA
At a glance
- Hearings
- 3
- Public comments
- 0
- Total mentions
- 3
Last vote · City Council
Last discussed Apr 6, 2026.
Meeting timeline (3)
City Council - Apr 6, 2026
Council approved a $3.85 million forgivable loan and doubled the project's tax-increment incentive grant to 100%, supporting 71 affordable apartments, a community grocery, and the Music Resource Center in Fifeville.
City Council - Feb 2, 2026
The city kicked in another $700,000 and agreed to start amending the performance agreement for this project — 71 affordable apartments, a grocery store, and the Music Resource Center.
City Council - Jan 20, 2026
Request for $700,000 and a doubled share of incremental real estate value to launch the grocery-anchored mixed-use project in 2026; carried to February 2.
Related issues (1)
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