Welcome! As a page for and by the Boyd Homes team, we will make sure you stay updated on all the exciting new events and changes happening at Boyd Homes. Go, team!
This year has been a challenge, to say the least. We can’t say enough how much your health means to us. Each and every one of us owes it to ourselves, our family, and our Boyd family to follow guidelines and stay safe. I implore you, follow the guidelines. Wear a mask around other people, other than the people who live in your house. Despite it all, I am proud of how everyone has adapted, got the work done, and taken care of our customers.
What Was Accomplished in 2020?
Single-family home sales were exceptional. In fact, we now are trying to solve challenges with acquiring materials and people to build the homes that were sold. Because these homes will close in 2021, we expect next year to be a banner year for both homes and lots.
We have begun work on Camden Plantation in North Carolina, just south of Chesapeake, VA. We’ve been sitting on this land for 15 years, waiting for the right time to develop, and that time turns out to be now. We have been approved to build 1700 homes, apartments, townhomes, and single-family, a golf course, clubhouse with amenities, tennis courts, and more.
We have finished developing a townhouse community on Courthouse Road in Chesterfield County, Virginia, called Sunset Hills. Eastwood Homes purchased all the lots and will build and sell the townhomes.
What Is in Store for 2021?
We have been working on realignment. Boyd Homes started out as a builder of condos, townhomes, and small single-family homes. Our focus will shift to core land development, single-family, and Class A Apartments. Because of that, the last of Newpointe condos, built in the 1980s, will be sold. Chesapeake Crossing, an older tax credit 55+ community, has been listed for sale, and we have possible buyers express interest. Many don’t know this, but we also own an office building in Virginia Beach. This has also been listed for sale.
This past summer, we closed on land in Gloucester, VA. We were approved to build 1100 homes. Development plans are already in the works, and we expect to begin construction at the end of 2021.
Castleton in Henrico, VA, has two sections left to build. Eastwood Homes, our partner in this development, has already sold all their lots, which puts us in a position to start the next section, Q1 of 2021.
There is an office park at Midlothian Tpk. and Powhite Pkwy. that has been vacant for about 20 years. We are working with the county on rezoning Gateway Center and plan to build a hybrid of Marcella and Element there. We will move away from building apartments with elevators.
We have a contract to sell the vacant parcel next to Element at Stonebridge in North Chesterfield, VA. It is not in our best interest to add more apartments ourselves, and are looking for a buyer who will not submit plans that are in direct competition to Element at Stonebridge.
We are currently developing and building Rolling Ridge at Rt.288 and Rt.1 in Chesterfield, VA. We own two parcels in front of the development zoned for commercial use. These have been rezoned for multifamily and have already sold one parcel to a developer that will build a tax credit, multifamily community there.
NOT FOR THE PUBLIC YET:
John Tyler Community College in Midlothian, VA, has vacant land on their campus. They have asked us to partner with them to build and operate apartments with some commercials. This will be a 50-year deal once we work out the details. If successful, we hope to replicate this with other community colleges in Virginia.
We look forward to a prosperous 2021! Thank you for all your hard work.
– David Rudiger, President & General Counsel Emeritus
Health, Dental & Vision
Boyd Home employees have access to HMO & PPO health insurance from Optima Health and dental insurance from United Concordia and Vision ISP.
Find online support resources through our employee assistance program at OptimaEAP.com.
Save for your retirement with the 401K retirement plan offered by Boyd Homes. Choose between a traditional (pre-tax) or Roth 401k (after-tax) and save up to $19,500 per calendar year. Employees without current deferrals will be automatically enrolled in the pre-tax deferral plan.
We’ve partnered with ASPCA to provide you with voluntary pet insurance. All Boyd Home employees are now eligible for discounts. Also, you can sign up for this anytime you want. Watch the video below for more information!
Share Your Ideas
If you’ve discovered a way to make life easier—either at work or home—please let us know!
The Struggle Is Real
Everyone needs help with something. Please ask us any question you like, and we will anonymously post it to the Boyd Fishbowl Facebook Group to get answers, advice, or help from your Boyd Homes family.
Click on the links below to access each document or power form.
Reasonable Accommodation & Modification Documents
Lease Termination Agreements
Former Tenant Promissory Notes
544 Newtown Road, Suite 128 Virginia Beach, VA 23462