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The 390-unit community will break ground this year
The 390-unit community will break ground this year
Robyn Sidersky// March 10, 2023//
Glen Allen-based Lingerfelt Development LLC, a real estate investment management firm, has purchased about 4.5 acres of land in Chesterfield County from Hospitality VII Inc. with plans to build a luxury apartment community.
The land is located at 2407 W. Hundred Road in Chesterfield, between U.S. 1 and Interstate 95.
The $1.9 million sale comes months after Lingerfelt’s purchase of a nearly 16-acre parcel nearby for $4.8 million in December 2022. The two pieces of property, a combined 20.29 acres, will be developed into multiple three-story buildings with 390 one-, two- and three-bedroom units.
The complex will be named Silas, and Lingerfelt will break ground on the luxury community later this year and build it in two phases. It will have a 6,000-square-foot clubhouse, a pool and other amenities.
David M. Smith, of Cushman & Wakefield | Thalhimer, handled the sale negotiations on behalf of the purchaser.
