Construction underway on $144M Richmond apartment building

Washington, D.C.-based developer Hoffman & Associates and Florida-based limited liability company DeBartolo Development broke ground last week on a $144 million project that will add 366 apartments to the Scott’s Addition neighborhood in Richmond.

The six-story, 400,000-square-foot mixed-use community on a 2.4-acre site at 3200 W. Moore St. will include 18,000 square feet of ground-floor retail. At full buildout, the project will span a full city block.

Construction is expected to be completed in early 2028. However, leasing is expected to begin in late summer 2027, with initial resident move-ins anticipated in fall 2027.

According to the developers, the residential component of the project will feature 20,000 square feet of amenities, including multiple landscaped courtyards, an expansive pool deck, an indoor lounge, dining, and event spaces.

Located just northwest of downtown Richmond, Scott’s Addition is known for its breweries, restaurants, creative workplaces and cultural venues, having previously been an industrial hub for decades.

“Scott’s Addition is one of Richmond’s most exciting examples of how historic districts can evolve into vibrant, mixed-use neighborhoods that attract residents, businesses and visitors alike,” Richmond Mayor Danny Avula said in a statement.

Avula added that projects like this create economic opportunity and generate hundreds of construction jobs.

“With capital markets tightening and many developments paused nationwide, this groundbreaking underscores the strength of our partnership with DeBartolo, the fundamentals of the Richmond market, and the long-term vision both firms share for resilient, community-driven growth,” Hoffman & Associates President Maria Thompson said in a statement.

DeBartolo Development President and Chief Operating Officer Edward M. Kobel said his family has been investing in the Richmond region for more than four decades, and the project reflects its long-term commitment to the city.

Norfolk-based architecture firm Hanbury led the project’s design, with VHB providing engineering services. McLean-based Clark Construction is the general contractor.