Lionheart Capital Unveils Bold Vision for Manassas Mall Revamp
Deal News | Apr 08, 2025 | Lionheart Capital
Lionheart Capital, a Miami-based developer, has put forward a proposal for the development of approximately 1,000 rental units across three parcels adjacent to the Manassas Mall located in western Prince William County, Virginia. This development aims to transform the historically high-crime and impoverished Sudley Road corridor into a vibrant mixed-use urban community. The plan includes leaving the existing mall structure intact while utilizing the parking lot spaces for additional development, which might include a hotel, restaurants, and opportunities for events like farmers' markets. Support for the proposal has been expressed by local government representatives, including Brentsville District Supervisor Tom Gordy and board Chair Deshundra Jefferson. Additional details such as the proposal's zoning changes, from B-1 to MXD-U, indicate intentions to build 1,041 multi-family units and 47,036 square feet of commercial buildings. Legal representation for the project is provided by Manassas-based attorney Michael Vanderpool. A public meeting is slated for April 9, 2025, to discuss these rezoning plans.
Sectors
- Real Estate Development
- Urban Planning
- Private Equity
Geography
- United States – The entire redevelopment project is situated in the US, involving American companies and government entities.
- Virginia – The development is proposed for the Manassas Mall area in western Prince William County, Virginia.
- Florida – The developer, Lionheart Capital, is based in Miami, Florida.
Industry
- Real Estate Development – The article discusses a major redevelopment proposal around Manassas Mall, involving conversion into a mixed-use urban neighborhood.
- Urban Planning – The article is centered on transformation plans for a high-crime area into a structured mixed-use community, involving zoning changes.
- Private Equity – Lionheart Capital, a private equity firm, is leading the proposed development project, showcasing an investment in real estate and urban renewal.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lionheart Capital | Developer | Company | Miami-based private equity firm leading the redevelopment project of the Manassas Mall area. |
| Manassas Real Estate Ventures LLC | Owner of the parcels | Company | Entity owning the parcels adjacent to Manassas Mall, involved in the proposed development. |
| Tom Gordy | Brentsville District Supervisor | Government | Republican supervisor supporting the redevelopment initiative. |
| Deshundra Jefferson | Chair of Board of County Supervisors | Government | Democratic board chair supporting the redevelopment project. |
| Michael Vanderpool | Attorney | People | Manassas-based attorney representing the developer, holds an undeveloped adjacent parcel as a trustee. |