News post

Commercial Activity in Viridian continues with the following updates:

As of June 2026, the parcels identified in the table and image below are under contract

with buyers who will be responsible for site development and construction. All sites

under contract are scheduled for closing this year, and the table reflects the projected

quarter in which the parcels will close. These dates are subject to change. During the

contract period, much like a home closing, the buyer and developer addresses various

requirements, that include, among other due diligence items, obtaining the necessary

financing, permitting, and completing any necessary environmental assessments.

While no construction takes place during the process, the buyer, in the case of retail and

restaurant parcels, can pursue tenants.

Specific information about each parcel includes the following:

The David Weekly townhomes to be built in parcel C-2A will be “for sale” and not rental units. The medical office planned for parcel C-2D will be a pediatrician.  

Tenants for C-2C and C-3 and C-4 are yet to be determined. However, In the VMMD’s February 2026 meeting Bob Kembel, Nehemiah Company, and Moji Haddad, Oakhollow Group, discussed commercial development in Viridian, specifically efforts to secure a grocery store to anchor development in parcels C-3 and C-4 that include a total of approximately 13.28 acres, 3 acres of which are located between lake Viridian and Viridian Park Lane west of the Biergarten.  

Both Kembel and Haddad discussed the efforts over the past several years to secure a grocery store and the associated challenges, which includes Viridian’s “mid-block” location.   Haddad noted that his vision for Viridian is for a boutique grocer, and while his firm’s analysis indicates that a grocer is viable given Viridian’s population and income statistics, as well as population and income statistics in the surrounding area, it has been difficult to gain traction and agreement on viability from candidate grocers despite an exhaustive search.

Despite these challenges, Haddad indicated he had interest from an independent grocer.  That grocer would operate a store of approximately 13,000 square feet in size, typical in size to a Trader Joe’s that averages 10,000 to 15,000 square feet, and with a similar product line.  Haddad would provide “build to suit” services.  The store would anchor approximately 30,000 square feet of other retail. 

Critical to securing the grocer is obtaining the necessary financing to make the development feasible.  Haddad and Kemble advised the board that Haddad was pursuing an economic development grant of approximately $3,045,000 that would utilize Tax Increment Re-investment Zone (TIRZ) funding that will be available for distribution in 2030. This timeline would not preclude the construction of the store in the near-term.

As more information becomes available regarding commercial development efforts, it will be shared on this site.