Between 77 and 83 homes on a single Petersburg site: cottages, row homes, duplexes and single-family homes with garage apartments, arranged around a walkable green and an adaptive reuse of the warehouses already standing there.
Most new development picks one product and repeats it. C.O.R.A.L. mixes four housing types on the same blocks, so a 500 square foot cottage and a 2,400 square foot row house share the same sidewalk, the same green, and the same address quality.
That mix is what makes a range of prices possible without sorting people into separate places. It is paired with a block and alley street pattern that keeps cars and pavement to the edges, a ten-foot path for walking and biking through the middle, and the reuse of existing warehouse buildings as a community campus rather than demolishing them.
Two concepts have been tested against the site. They differ in how the density is arranged and how much of the warehouse footprint is kept, not in what the place is trying to be.
Both concepts carry the same four housing types and the same community campus idea. The difference is geometry: how tightly the blocks pack, and how much warehouse is kept.
Maximizes unit count with a rectilinear layout. A linear bike and walking path runs the length of the site to the community center and park.
A more organic layout with a loop path connecting the community internally. The community building is reduced to a single adaptive reuse, making room for five more single-family homes.
Small detached homes on small lots. A mix of one, two and three bedrooms with varying bathroom counts, in both one and two story versions.
A narrow single-family home at the street front with a two-car garage apartment behind it, on a shared driveway. The ADU can open onto the internal courtyards.
Attached homes of two to two and a half stories. Garages can face the road while the front door faces the courtyard. Adds density while keeping fee simple lots.
Two units joined at the garages so the living space stays private. Two homes on one lot, matched to each other rather than a house with a subordinate ADU.
Provides parking, car access and fire and safety access while minimizing pavement. Keeps the development connected to the surrounding neighborhood rather than turning inward, and lets each block be built as its own phase.
A ten-foot primary path wide enough for both walking and cycling. It is the central connection inside the community and the link out to the community center.
Flexible open buildings for gatherings, events, markets and festivals, plus coworking for residents, nonprofits and small meetings. Could include micro-rentals as deeply affordable housing, and generates revenue toward operating expenses.
The housing mix only widens access if the ownership structure does too. These are the models under consideration for the community.
The test fits answer whether the site works. These are the questions the full development plan takes on next.
A proposed master-planned community on a single site in Petersburg, Virginia, of between 77 and 83 homes. It mixes four housing types on the same blocks and reuses the warehouse buildings already standing on the site as a shared community campus. As of July 2026 it is at the concept and test-fit stage.
Between 77 and 83 depending on which concept is built. The mix is cottages of 500 to 1,300 square feet, single-family homes of about 1,800 square feet with a 400 square foot garage apartment, row houses of 1,200 to 2,400 square feet, and duplexes of roughly 1,400 square feet per side.
Because a range of prices is only possible on one street if a range of homes is on it. Putting a small cottage and a large row house on the same block, sharing the same green and the same address quality, avoids sorting people into separate places by what they can afford.
An adaptive reuse of the existing warehouse buildings rather than demolition. It is planned as flexible open space for gatherings, events and markets, coworking for residents, nonprofits and small meetings, and potentially micro-rentals as deeply affordable housing. It is also intended to generate revenue toward the community's operating costs.
More than one way is under consideration: conventional fee simple ownership, a community land trust where the trust holds the land and resale stays affordable, rent to own, shared equity, cooperative ownership, and accessory dwelling units that add both rental income and a smaller home to the market.
No. Nothing is built, priced or released, and the concepts are studies subject to civil engineering, market analysis, entitlement, permitting and financing. The interest list is how you hear when that changes.
C.O.R.A.L. Petersburg is being developed with One Dream Realty Group. For enquiries, contact Dustin Olverson, REALTOR®, at (804) 720-1286 or dustin@olversons.com.
The concepts are a study, not a sales release. Tell us how you would want to be involved and you will hear when the plan firms up, when homes are priced, and when the community campus opens.