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AREP, partners acquire Ashburn townhome community
CityHouse Ashburn Station, a 200-unit luxury townhome community in Loudoun County, has sold for $120 million. New York-based Rithm Capital, McLean-based American Real Estate Partners and New Jersey-based GreenBarn Investment Group closed the purchase from Dream Finders Homes on Monday. AREP and GreenBarn are co-general partners for the project. Rithm is providing equity capital, in […]
$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 […]
Midlothian luxury apartment complex begins construction
Bainbridge Cos. has started construction in Chesterfield County on the 310-unit Bainbridge Midlothian luxury apartment complex, the Florida-based multifamily real estate company announced in mid-February. Bainbridge estimates the approximately 26.3-acre project at 12400 Dutton Road will be complete next summer. Units will range from 700 to 1,560 square feet, with one-, two- and three-bedroom optio[...]
Va. Beach’s Frank Lloyd Wright house is for sale
A Virginia Beach house designed by famed architect Frank Lloyd Wright is back on the market for just under $3 million. The 3,020-square-foot home at the city’s North End, on Crystal Lake, was designed in 1953 for Andrew and Maude Cooke and completed in 1959. Maude Cooke wrote a letter to Wright seeking a design […]
