Daily Record Staff // January 14, 2025 // 2 Minute Read  

Two Maryland-based development companies have been approved rezoning approval for development plans for a site in Harrisonburg, Virginia.

Bushrod Investments and Birchwood Capital Partners received approval from the Harrisonburg City Council to initiate site plan approval on Quarry Heights. The development would support 950 residential units with townhomes, single-family home and apartments planned in six distinct neighborhoods.

The $220 million development is projected to generate nearly 2,000 jobs during construction.

“Quarry Heights is a Master Planned Community that represents a unique opportunity for the citizens of Harrisonburg,” explained David Gildea, Principal of Bushrod Investments.

Bushrod Investments focuses on the development and sale of mixed-use, residential, and assisted living communities primarily located in the Mid-Atlantic and Southeast regions of the country. Founded by Gildea in 2010, the group provides expertise into every aspect of an asset’s life cycle including land acquisition, entitlements and rezoning, development and leasing, and disposition services. The Baltimore-based company also specializes in sustainable development, distribution facilities, and green energy and eco-parks.

Birchwood Capital Partners is a commercial real estate investment and advisory firm headquartered in Baltimore, with a focus on Mid-Atlantic and Southeastern markets. With two distinct divisions, Birchwood Finance and Birchwood Investments, its finance team provides debt and equity solutions, as well as guidance in evaluating investment opportunities while the investment team acquires and develops properties. The group was founded by David Strouse in 2010 and operates an office in Fort Myers, Florida.