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$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 […]
Global coworking franchise coming to Chesapeake
Venture X, a global coworking office space franchise, is entering the Hampton Roads market, with its first location coming to Summit Pointe in Chesapeake, Cushman & Wakefield | Thalhimer announced Tuesday. HMP Properties LLC, a Venture X franchisee, has leased 18,543 square feet of space in the 555 Belaire office tower, which is part of […]
$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 […]
Virginia MOCA moving to Virginia Wesleyan campus
The Virginia Museum of Contemporary Art is moving from Virginia Beach‘s ViBe District to Virginia Wesleyan University’s campus, with the aid of a $25 million gift, the museum and university said Tuesday in announcing the partnership. The gift, from Jane Batten, Joan Brock and David and Susan Goode, will fund construction of the museum’s new […]
CFA Institute sells Charlottesville HQ for $21.9M
The Charlottesville headquarters of CFA Institute sold for $21.9 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 150,000-square-foot office building, at 915 E. High St., is the former Martha Jefferson Hospital, which opened in 1904, according to Cvillepedia. CFA Institute, a nonprofit association of investment professionals, will lease back 47,000 square feet for its […]
Norfolk purchases struggling MacArthur Center
In early June, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center downtown mall for up to $18 million. The 23-acre mall is owned by Wells Fargo & Co., which holds the mall following a loan default by MacArthur Center’s previous owner, Connecticut-based Starwood Property Trust. MacArthur Center was […]
Luxury RV park sets sights on Danville
Danville visitors could soon be setting up camp at the area’s first luxury RV park if City Council approves a special use permit for The Palace Resort, a project that could generate $1.3 million in annual city tax revenue. The matter was set to go before Danville City Council on June 20, following the planning […]
Pembroke Square scales back some parts of project
Pembroke Square, the $200 million redevelopment of Pembroke Mall in Virginia Beach, is moving forward but at a smaller scale, according to the president of Pembroke Realty Group. Pembroke Square Associates LLC first announced plans for the redevelopment of the aging mall’s 54 acres in November 2021, with groundbreaking for its first phase having taken […]
Breeden finishes projects in Albemarle, Chester, Petersburg
The Breeden Co. has completed construction on an 10-building apartment community in Albemarle County and has broken ground on a Virginia Beach apartment complex, and its subsidiary, Breeden Construction, has finished apartment communities in Chester and Petersburg. Completed in June, Berkmar Landing apartments in Albemarle has 261 units: 53 one-bedroom units, 172 two-bedroom apartments and [&helli[...]
Warehouse portfolio in Chesapeake sells for $24M
The Port of Virginia Distribution Center, a two-building, 334,881-square-foot industrial portfolio in Chesapeake, has changed hands. Chesapeake Industrial Park LLC acquired the property at 2620-2626 Indian River Road for $24 million, according to Cushman & Wakefield | Thalhimer, which represented the seller. Phoenix Chesapeake Industrial Investors LLC was the previous owner, according to Chesa[...]
Buc-ee’s to open in New Kent by 2025
It’s official. Buc-ee’s, the Texas-size travel center chain, completed its purchase of property in New Kent County and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. said in a news release. A groundbreaking date for the New Kent site has not […]
