4500 acres near Monticello was just sold to a West Virginia Commpany, James C. Justice Cos., for $23.75 million dollars.
The tract consists of 55 parcels that had been owned by Mead Westvaco Corp and farmed for timber. In 2009 James C. Justice purchased The Greenbrier hotel when it was facing bankruptcy.
700 of the 4,500 acres was part of James Monroe’s origional estate, thus giving it historical significance. James C Justice Cos. has snot said what their intentions are for the property. The historic nature of the land combined with its location in the Monticello viewshed will make its furture something that Albemarle County and the Piedmont Environmental Council will watch closely.
Read the article in Charlottesville Tomorrow for more in depth information on this real estate Transaction.