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Tag: condominiums

Breeden Construction finishes $9.3M Crozet condos

Breeden Construction has completed a $9.3 million mixed-use condominium project in Crozet, the Richmond-based general contractor announced Tuesday.

In December 2021, Breeden Construction started work on the Old Trail Village by clearing the 1-acre property in Albemarle County. The four-story, approximately 55,000-square-foot building has 31 condo units with balconies. The ground floor is 18,045 square feet of retail space.

“It has been a great experience to watch the development and continued growth of this community,” Breeden Construction President Brian Revere said in a statement. “Our team is proud to be a part of the evolution and sustained progress of the area.”

Old Trail Village Center was the project’s developer.

Va. Beach vacation company acquired by Calif. company

Mill Valley, California-based Vacatia Inc. has acquired Virginia Beach-based hospitality and vacation ownership company VSA Resorts, the timeshare owner and property management services provider announced Jan. 3.

Financial details of the transaction were not disclosed.

VSA owns three Virginia Beach properties: Ocean Key Resort, Atrium Resort and Ocean Sands Resort. The company also manages wholly-owned condominium associations in the area. It has nearly 100 employees and an owner base of more than 18,000.

“In considering this sale, we were impressed by Vacatia’s new ideas for independent timeshare resorts, customer-centric perspective and highly capable management team,” VSA President Lori Overholt said in a statement.

With the addition of VSA’s resorts and association management business, Vacatia now manages 21 timeshare and 42 whole-ownership associations for a total of 4,750 units and 50,000 owners. It provides property management services in eight states.

“The addition of VSA Resorts to our nationwide network reflects Vacatia’s dedication to providing owners and guests with high-quality, hassle-free vacations in the most in-demand destinations,” Vacatia co-founder and CEO Caroline Shin said in a statement.

Reston’s Stanley Martin Homes breaks ground for RVA condos

Reston-based Stanley Martin Homes broke ground on a new downtown Richmond neighborhood, Carver Square, last month.

Located in the city’s Carver neighborhood near Virginia Commonwealth University’s Siegel Center and across from Maggie Walker Governor’s School, Carver Square will feature 90 two-over-two-style garage condominiums on two acres at the corner of Moore and Lombary streets.

A groundbreaking ceremony was held on Oct. 6. The condos will be 1,500 to 2,500 square feet and each will have an open-concept floor plan and outdoor space, including rooftop terraces. Residents are expected to move in by the end of 2022.

In September, Stanley Martin Homes acquired the operations and assets of Florida-based Avex Homes.