All but replacing a Revitalization program is the Dodson Development project, a $25 million-plus scope of work which will bring new townhomes to school hill as well as a hotel, condos and retail space to the Boardwalk area. In addition, three historic buildings will be renovated and repurposed.
Twelve town parcels were approved for sale and development at a recent Town Council meeting, most of them located in Colonial Beach's historic district. The parcels sold for $2.7 million. In addition to the sale price, the firm will donate $5,000 per phase to the Downtown Colonial Beach organization to further historic preservation, tourism promotion and town beautification efforts.
Thirty-five three bedroom townhomes will be constructed at the corner of Wilder and Douglas. This is the hilltop piece of land where the old school building stood for over a hundred years until it burned down in early January of 2014.
Fourteen units are expected to be complete by the Fall of 2021 with the remaining 21 townhomes ready in early 2022. Pricing is estimated to start in the mid-$300s.
Since the land is elevated, there will be great views of the Potomac river. The units will each include rooftop decks and residents will also be able to enjoy the community pool, picnic area and a putting green.
Phase 2 calls for renovation of three historic office buildings, including the old brick Westmoreland Bank building at the corner of Irving and Hawthorn.
Phase 3 involves construction of a three-story building right on the Boardwalk with 10,000 square feet for retail shops on the first floor, 36 loft condominiums above and a rooftop event space. The building will span the area from just outside High Tides' tiki bar down to the municipal pier.
Construction of Phase 3 is expected to begin in the Fall of 2021 and be completed in one year.
The fourth and final phase of the project is a 60 - 90 room boutique hotel on the site of the former sprawling 115-room Colonial Beach Hotel which stood from the late 1800s until demolition day in the mid-1980s.
Completion of the hotel is slated for 2024. Details of the hotel's size and operator are still being worked on. The style is expected to be in keeping with the Chesapeake Bay theme to match existing town structures.
Dodson Development Group is based in Richmond, Virginia.