Mosaic Realty Partners continues to look forward with redevelopment plans for the Aquia Town Center, a multi-million dollar investment area that will significantly enhance the gateway to Route 1. The County supports Mosaic’s continuing efforts behind the scenes to secure new retail prospects.
“We have invested heavily in Aquia Town Center, and we are committed to creating a top-quality commercial center,” said Eron Sodie, Principal at Mosaic Realty Partners.
Mosaic Realty Partners is the company redeveloping Aquia Town Center. Initially, Harris Teeter was poised to become the anchor store for the shopping center. Kroger bought the Harris Teeter grocery chain and suffered losses itself, prompting Mosaic to ask for additional incentives on Kroger’s behalf. While county officials were negotiating a new incentive package, Kroger withdrew from the process and chose not to move forward. Other commitments to the center were contingent upon the success of the Harris Teeter/Kroger deal, and have now stopped at the site. Additionally, Stafford has pledged up to $6.25 million in tax incentives once new businesses are built and in operation, yet Mosaic determines what stores to phase in following the approved zoning.
Although there has been no work recently, it is still an active construction site. Stafford has received reports from concerned residents regarding the condition of the site. County inspectors have evaluated it and report that Mosaic has an active building permit and site plan currently in place. Officials continue to monitor the safety and appearance of the site and encourage Mosaic to keep on engaging with the property’s neighbors for the overall betterment of the community. Mosaic has already begun to incorporate some cleanup efforts such as fencing along Washington Drive and, in coordination with community members, plans to incorporate some plantings.
The redevelopment of Aquia Town Center is an important economic development goal for Stafford County, and, especially, the Stafford County Board of Supervisors. “Mosaic is working hard to encourage new development opportunities, and the county is ready to collaborate with them to find the right solution quickly,” said Rick Cobert, acting Stafford Economic Development Director. “We all want to see this project move forward away from this difficult situation.” Both Mosaic and Stafford County are committed to keeping the community up to date, as information is available.