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225-unit development pitched near Haymarket

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A New Jersey-based developer wants to construct 225 homes near Haymarket.

K.Hovnanian Mid-Atlantic Division LLC submitted a rezoning application with Prince William County June 29 for the project.

The company wants to change the land-use designation of about 80.8 acres across four parcels from agricultural zoning to planned mixed residential.

The properties, which are near the intersection of Allaire Drive and Old Carolina Road, are owned by Charles and Patricia Limage, Patrick Cronin, Valerie Walker and James Jackson. K. Hovnanian is under contract to purchase the land.

The entrance to the property would come off Old Carolina and Thoroughfare roads.

The application includes pocket parks, natural areas and playgrounds.

“Grayson Overlook is intended to fit in with the existing character of single-family development in this portion of Prince William County while providing high-quality amenities to the residents of this new community,” the application says.

The project is expected to generate 144 students for the school division and put particular stress on Ronald Reagan Middle School. To mitigate the impact, the company is pledging to provide $755,308 to the county.

The developer is also proposing $381,600 for the impact on Fire and Rescue, $59,636 for police and $22,845 for parks.

No public meetings have been scheduled on the project.

Vietnam’s biggest company, Vingroup, goes global as its home market slows

HANOI, Vietnam (AP) — Vietnam’s biggest conglomerate, Vingroup, is moving into global markets as business at home slows, planning nearly two dozen projects in at least 15 countries, from a “Vietnam Town” in Uzbekistan to smart cities in India and a riverfront development in Congo. Profits from Vingroup’s flagship real estate business have long funded its investments in diverse industries including automaking and technology. But Vietnam’s once sizzling property market is cooling, while its electric vehicle company VinFast is losing money. As opportunities for large developments at home become harder to find, Vingroup, Vietnam’s largest privately owned company, is looking overseas to generate the money needed to fund its ambitions in EVs, artificial intelligence and robotics, industries central to Vietnam's goal of becoming Asia’s next tiger economy. In Uzbekistan, Vingroup signed an agreement in December to build a “Vietnam Town” in its capital, the ancient Silk Road city of Tashkent. In Central Asia’s largest metropolis, it envisions a development modeled on its signature projects in Vietnam, combining homes, shopping centers, schools, hospitals and EV charging stations.
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