Chesterfield just cleared the way for 1,500+ new homes... here is what it means for the market

Here is the development I am watching most closely this week, because it touches something every homeowner and buyer in the region feels: supply. Chesterfield County supervisors have approved rezonings for two large residential projects along Hull Street Road that together would add more than 1,500 homes to western Chesterfield.

When that much housing gets greenlit in one corner of the metro, it is worth understanding plainly... so let me break down what was approved and why it matters for your decisions.

The facts, plainly

Per Richmond BizSense, the Chesterfield Board of Supervisors approved zoning for two projects:

Taylor Ridge, a 677-unit community planned for a roughly 116-acre site at 18200 and 18400 Hull Street Road. The reporting describes it as about 400 for-sale townhomes and 270 apartments. It is being developed by Crescent Group, the development arm of Henrico-based Cornerstone Homes, and is eyeing a groundbreaking.

Sawmill Station, the larger of the two at as many as 860 units, planned on land just to the west. Per BizSense, it is a mix of townhomes, apartments, single-family homes, and duplexes. The "cottage-style" single-family homes are currently anticipated to start around $350,000, with larger single-family houses expected to start near $399,000.

Add those up and you are looking at 1,500-plus new residences planned for that stretch of Hull Street Road over the coming years.

What this means for you

A few honest takeaways, depending on where you sit:

If you are a buyer, more planned supply is generally good news over time. The metro has been tight for years, and new construction at a range of price points... including for-sale townhomes and cottage homes starting in the $350s... gives buyers more entry points than a market built only around resale inventory. These homes are not available tomorrow, but the pipeline is real.

If you are a current homeowner in western Chesterfield, new rooftops nearby tend to bring new retail, road attention, and services over time. The flip side worth knowing: more nearby new-construction inventory can become competition if you plan to sell in the same window those communities deliver. Timing matters, and that is a conversation worth having before you list.

If you are watching the broader region, this is a useful signal that growth along the Hull Street Road corridor is continuing. Where homes get approved today is a preview of where traffic patterns, schools, and commercial development follow.

A note on framing

I want to be clear about how I talk about new communities: I describe what is being built, the price points, and the location facts... not who any neighborhood is "for." Where you choose to live is your call, and my job is to give you accurate information to make it. These are large projects that will roll out in phases, so unit counts and pricing can shift as plans move forward.

The bottom line

Chesterfield approving 1,500-plus homes along Hull Street Road is one of the more meaningful supply stories in the metro right now. For buyers, it is more future options. For sellers, it is a timing consideration. For everyone, it is a sign of where the region is growing.

If you want to understand how this pipeline could affect your buying timeline or your home's value specifically, reach out. I will walk you through what it means for your situation, not just the region at large.

Source: Richmond BizSense, June 15, 2026.