Aquia Town Center Development

In May 2015, Mosaic purchased Aquia Towne Center (“Aquia”). Aquia is a 25-acre development site off the I-95 interchange at Garrisonville Road (Route 610) in Stafford County, Virginia. This I-95 exit is the southern terminus of the recently completed express lanes. A public REIT purchased the property in 2006 and partially razed what was then a 200,000 square foot neighborhood shopping center. The parcel was rezoned to allow for a mixed-use development that could support up to 725,000 square feet of residential, office and retail. The REIT recently sold off the adjoining residential piece, which has recently been developed into a 256-unit Class A, multifamily project.

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