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Thalhimer Multifamily adds management of five apartment communities
Thalhimer Multifamily has taken on management of five new properties, including two that expand the company’s reach into Culpeper and Front Royal. The company, a division of Glen Allen-based Cushman & Wakefield | Thalhimer, announced the management agreement for Charlottesville-based Hearthwood Apartments; Morningside Apartments in Richmond; Shenandoah Commons in Front Royal; and Southri[...]
Construction starts on $80M apartments in Chesterfield
The developer of an estimated $80 million apartment building in Chesterfield County’s Springline at District 60 mixed-use development broke ground at the site on Sept. 28. The James at Springline will have 298 apartments and 28,000 square feet of ground-level retail space. Connecticut-based Collins Capital Partners is the lead developer. The project is scheduled for […]
$27.5M apartment community in Chesterfield now complete
Construction of a $27.5 million luxury apartment community in Chesterfield County is now complete. The Station at Chester includes 65 one-bedroom, 126 two-bedroom and 10 three-bedroom apartments with floor plans ranging from 650 square feet to 1,300 square feet. In addition to the community’s five apartment buildings, the complex includes a 4,000-square-foot clubhouse, a pool […]
$98M Richmond apartment building to break ground in Q3
A $98 million luxury apartment building, The Ace Apartments, will be the newest addition to Richmond’s Scott’s Addition neighborhood. The 1.7-acre project will have 295 luxury studio, one- and two-bedroom apartments that will average 753 square feet per unit, and 85% of the units will have balconies. The development’s plans also call for a 7,500-square-foot […]
$77.8M apartments break ground outside C-ville
Charlottesville-based GW Real Estate Partners, a vertically integrated multifamily construction and development firm, and Austin, Texas-based Virtus Real Estate Capital, have broken ground on a new, $77.8 million apartment community at the entrance to North Pointe, a 224-acre mixed-use community near Rivanna Station in Albemarle County. The Ridge at North Pointe is located across from […]
Riverdale project could be ‘transformative’
Partnering with the city of Roanoke, developer Ed Walker started redevelopment of 100 acres encompassing the sprawling, former campus of American Viscose, a rayon plant that closed in 1958. “This is a chance we have as a community to really do something transformative,” Roanoke Economic Development Director Marc Nelson says. Located in the city’s southeast […]
Richmond loft apartment community sells for $14.8M
A 70-unit apartment community in Richmond’s Manchester neighborhood sold for $14.8 million May 12. Putnam Mill LLC, an entity connected to First Priority Management of Washington, D.C., purchased The Mill at Manchester Lofts, a former paper mill and warehouse that now consists of studio, one-, two-, and three-bedroom loft style apartments at 815 Perry St. […]
Roanoke apartment complex sells for $1.1M
The Eastgate Apartments in Roanoke have been sold for $1.1 million, Cushman & Wakefield | Thalhimer announced Monday. Restoration Turnkey Investments LLC acquired the community on March 28 from Rafan LLC. The buyer is planning extensive interior and exterior renovations. The complex, built in 1977, has 14 townhouse-style apartments and is three miles from downtown […]
$35.8M Newport News affordable housing redevelopment begins
The BLVD Group has acquired and started renovations on the Aqua Vista Apartments in Newport News, the Los Angeles- and Dallas-based company announced Tuesday. BLVD expects development costs, including the property purchase and “soft costs” like engineering and design, to total more than $35.8 million. A BLVD-affiliated limited partnership, Aqua Vista LP, bought the property […]
Amazon housing fund director resigns
Amazon.com Inc.’s Amazon Housing Equity Fund Director Catherine Buell is leaving the e-tail giant. Housing Equity Fund Principal Senthil Sankaran will be the interim head of the fund team, according to an Amazon spokesperson. Buell joined Amazon in 2020 as head of community development for Amazon in the Community and became director of the e-tailer’s […]
Chesterfield County kicks off $210M mixed-use project
Chesterfield County officials began demolition Tuesday of the former Best Products Co. Inc. building in the Spring Rock Green shopping center to clear the way for the $210 million first phase of the Springline at District 60 mixed-use development. The 42-acre first phase of the project, located on Midlothian Turnpike off Chippenham Parkway, includes a […]
Two Roanoke apartment properties sell for $3.35M
A 26-unit multifamily community and a 16-unit apartment complex in Roanoke sold together for $3.35 million on Feb. 10. Located at 2002 Langdon Road SW, the 26-unit community, Langdon Square at Raleigh Court, has 22 garden-style apartments built in 1985 and four townhomes built in 1990. The structure is 59,407 square feet total, according to […]
