One of Charlottesville’s most prolific developers has added another high-profile property to its portfolio by purchasing a parking lot where the City Market operates on Saturdays for seven months of the year.
“Woodard Properties has acquired the surface lot at 100 E. Water St., converting our leasehold interest in the property into ownership,” said CEO Anthony Woodard. “The Charlottesville City Market will continue to operate as it has. We value the Market’s role and support its continued presence downtown.”
The company paid the Charlottesville Parking Center $15 million for the 0.99-acre property, a price that is more than three times the assessed value. According to Charlottesville City Assessor David Milton, this transaction will not count toward the real property assessment in 2027 because it is not considered a valid sale…