‘Montpelier Villa’ commercial development in the works in Hanover

A group of investors made up of mostly restaurateurs has put a new retail and office project on the front burner in Hanover County.

Capital Up Investments, comprised of 11 family members and close friends who own several businesses and restaurants across the region, is preparing to break ground on a 10-acre commercial development in the Montpelier section of the county along U.S. Highway 33.

Dubbed Montpelier Villa, the 86,000-square-foot development will include a mix of retail, office and restaurant tenants.

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