Richmond New Construction & Proposed Multifamily Projects 3Q17 · 34 Element at Stonebridge Phase...
Transcript of Richmond New Construction & Proposed Multifamily Projects 3Q17 · 34 Element at Stonebridge Phase...
ID PROPERTY UNITS1 Choices at Holland Windsor, The 2522 James River at Stony Point 2823 Marcella at Town Center Phase II 1204 Cooperage, The 1175 Icon at City Walk 2756 Clairmont at Jolliff Landing 3047 Shockoe Center 1608 Element at Stonebridge 4009 Edge at 450, The 15610 Nest on 17, The 20811 Long Lofts 6212 Carytown Crossing 5013 Watermark at Talbot Park 18014 Plant 1 136
Total Lease-Up 2,70215 Moore's Lake 38516 Libbie Mill 32717 Nexus 26818 Block 9 at Town Center 12019 Rocketts Landing 15620 MARQ, The 36421 Valley West 15622 Symbol 20223 Colony Village Phase II 166
Total Under Construction 2,14424 Church Hill North Buildings 13025 1903 East Marshall Street 17826 PortRVA Phase II 18827 Reynolds South Phase II 21328 Marshall Lofts 16729 Quality Inn & Suites 21030 Roseneath Towers 25831 Canopy at Ginter Park 30132 Block 17 13333 Studio Row 26634 Element at Stonebridge Phase II 20035 Midlothian Town Center 23836 Winterfield Crossing 25037 Abberly at Centerpointe 27138 Lakeside Commons 5039 Westchester Commons 23640 Innsbrook Mixed Use Development 35041 River Mill 28542 Pecan Acres Estates 5043 South Line at Perry Place 17644 VSU Chesterfield Avenue 6245 North Pier 18746 Front Street Flats 5747 Hampton Road Transit 25948 Tarrants Bay 48249 Greenwood Manor 28050 Pinewell Station 14551 East Ocean View Avenue 9652 Villa Marina 10653 CityView at Towne Center 25054 Old Beach Village II 32055 Bennett's Creek Commons 14456 Yorktown Crescent 6457 Crossing at York River, The 10958 Jackson Ward 182
Total Planned 6,89359 West Olney Road 25060 18th Street & Grace Street 10061 2501 East Main Street 21662 Locks at 3Twenty-One, The 187
63 Paper Board Company Building 10064 1500 Roseneath 5065 Belvidere, The 10066 New Clay House 8067 Azalea Square 100068 East Brookland Park 12369 Winterfield Place 20070 Libbie Mill Phase II 32771 Madison Crossing 36072 Big Oak at Bell Creek 22073 Cambridge Square 20774 380 East Washington 10075 Petersburg Hotel Redevelopment 6076 Newport Manor 5077 Arbour Reach Phase II 5078 Mezzo 28279 Ridgewood Club Redevelopment 30080 Peninsula Town Center 16981 Legacy of Poquoson 20082 Marquis at Williamsburg, The 30083 Mooretown Road & Bulifants Blvd 13084 Carriage Point 218
Total Prospective 5,379
a Berkshire Hathaway and Leucadia National company
Richmond New Construction & Proposed Multifamily Projects
Lease-Up
Under Construction
Planned
Prospective
LEGEND
3Q17
Source: Yardi Matrix5 mi
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34
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ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE FORECASTED COMPLETION DATE START OF RENT-UP
1 Choices at Holland Windsor, The 712 Promenade Place Virginia Beach VA 23462 Jaffe Caplan Fleder Lease-UP 252 Powells Corner 12/01/2016 03/31/2018 08/10/2017
2 James River at Stony Point 9201 Stony Point Pkwy Richmond VA 23235 Wood Partners Lease-UP 282 Bon Air - Midlothian 08/01/2016 03/31/2018 08/07/2017
3 Marcella at Town Center Phase II 101 Benevita Place Hampton VA 23666 Boyd Homes Lease-UP 120 Hampton - North 06/01/2016 02/28/2018 09/12/2016
4 Cooperage, The 1650 Overbrook Road Richmond VA 23220 Salomonsky, H. Louis Lease-UP 117 Fan District 02/28/2017 12/31/2017 07/24/2017
5 Icon at City Walk 1 Commercial Place Norfolk VA 23510 Marathon Development Group Lease-UP 275 Norfolk - South 12/31/2016 12/31/2017 06/20/2017
6 Clairmont at Jolliff Landing 5000 Honeysuckle Lane Chesapeake VA 23321 Kotarides Companies Lease-UP 304 Belleville 06/01/2016 12/31/2017 03/16/2017
7 Shockoe Center 1900 East Franklin Street Richmond VA 23223 Emerson Companies Lease-UP 160 Church Hill - Manchester 06/01/2016 12/31/2017 01/31/2017
8 Element at Stonebridge 301 Karl Linn Drive North Chesterfield VA 23225 Boyd Homes Lease-UP 400 Richmond - West 11/20/2014 12/31/2017 12/01/2015
9 Edge at 450, The 450 Boush Street Norfolk VA 23510 Marathon Development Group Lease-UP 156 Norfolk - South 01/01/2016 10/31/2017 10/10/2016
10 Nest on 17, The 17 Chickahominy Loop Carrollton VA 23314 Breeden Company, The Lease-UP 208 Smithfield 11/01/2015 10/31/2017 06/15/2016
11 Long Lofts 1131 Commerce Street Petersburg VA 23803 Jordan Properties Lease-UP 62 Petersburg - North 01/01/2016 09/30/2017 04/15/2017
12 Carytown Crossing 3500 Kensington Avenue Richmond VA 23221 Oliver Properties Lease-UP 50 Fan District 05/01/2016 09/30/2017 02/10/2017
13 Watermark at Talbot Park 7211 Newport Avenue Norfolk VA 23505 Collins Enterprises Lease-UP 180 Norfolk - North 07/01/2015 09/30/2017 05/01/2016
14 Plant 1 403 Stockton Street Richmond VA 23224 Larson Development Lease-UP 136 Church Hill - Manchester 06/01/2014 09/30/2017 06/01/2015
TOTAL LEASE-UP 6,841
15 Moore's Lake 12111 Moore's Lake Road Chester VA 23831 Whittle & Roper Realtors Under Construction 385 Chester 03/05/2017 04/30/2019
16 Libbie Mill 5001 Libbie Mill East Blvd Richmond VA 23230 Gumenick Properties Under Construction 327 Lakeside 07/01/2016 12/31/2018
17 Nexus 544 Newtown Road Virginia Beach VA 23462 Boyd Homes Under Construction 268 Hollywood - Thalia 04/20/2017 12/31/2018
18 Block 9 at Town Center Central Park Avenue & Columbus Street Virginia Beach VA 23462 Armada Hoffler Properties Under Construction 120 Hollywood - Thalia 11/15/2016 06/30/2018
19 Rocketts Landing 5100 Old Osborne Turnpike Richmond VA 23231 WVS Companies Under Construction 156 Montrose 03/08/2017 05/31/2018
20 MARQ, The Dolton Drive & Alicia Drive Virginia Beach VA 23462 Breeden Company, The Under Construction 364 Powells Corner 01/17/2017 05/31/2018
21 Valley West North 20th Street & East Grace Street Richmond VA 23223 Valley West Under Construction 156 Church Hill - Manchester 01/31/2017 01/31/2018
22 Symbol 1814 Highpoint Avenue Richmond VA 23230 Spy Rock Real Estate Group Under Construction 202 Fan District 12/08/2016 01/31/2018
23 Colony Village Phase II 10250 Colony Village Way North Chesterfield VA 23237 Emerson Companies Under Construction 166 Bellwood 12/20/2016 12/31/2017
TOTAL UNDER CONSTRUCTION 6,841
24 Church Hill North Buildings 1611 North 31st Street Richmond VA 23223 Community Builders, The Planned 130
25 1903 East Marshall Street 1903 East Marshall Street Richmond VA 23223 Sidewalk Development Planned 178 Church Hill - Manchester
26 PortRVA Phase II 512 Hull Street Richmond VA 23224 Property Results Planned 188 Church Hill - Manchester
27 Reynolds South Phase II 505 Porter Street Richmond VA 23224 Thalhimer Realty Partners Planned 213 Church Hill - Manchester
28 Marshall Lofts 2 East Marshall Street Richmond VA 23219 Phipps, Eric G. Planned 167 Fan District
29 Quality Inn & Suites 3200 West Broad Street Richmond VA 23230 Better Housing Coalition Planned 210 Fan District
30 Roseneath Towers 1400 Roseneath Road Richmond VA 23230 Main Street Realty Planned 258 Fan District
31 Canopy at Ginter Park Brook Road & Westwood Avenue Richmond VA 23227 Bristol Development Group Planned 301 Richmond - North
32 Block 17 5000 Old Main Street Richmond VA 23231 WVS Companies Planned 133 Montrose
33 Studio Row SEC Carlisle Avenue & Union Street Richmond VA 23231 Fulton Hill Properties Planned 266 Montrose
34 Element at Stonebridge Phase II 301 Stonebridge Plaza Avenue Richmond VA 23225 Boyd Homes Planned 200 Richmond - West
35 Midlothian Town Center 1300 Winterfield Road Midlothian VA 23113 CMB Development Planned 238 Bon Air - Midlothian
36 Winterfield Crossing Midlothian Turnpike & Winterfield Road Midlothian VA 23112 Blackwood Development Planned 250 Bon Air - Midlothian
37 Abberly at Centerpointe Brandermill Pkwy & Old Hundred Road Midlothian VA 23114 HHHunt Planned 271 West Chesterfield County
38 Lakeside Commons 2140 Old Hundred Road Midlothian VA 23114 Herman & Kittle Properties Planned 50 West Chesterfield County
39 Westchester Commons 15786 WC Main Street Midlothian VA 23113 Riverton Associates Planned 236 West Chesterfield County
40 Innsbrook Mixed Use Development 4235 Innslake Drive Glen Allen VA 23060 CBRE Global Investors Planned 350 Wyndham
41 River Mill J.E.B Stuart Pkwy & Magnolia Ridge Drive Glen Allen VA 23059 HHHunt Planned 285 Henry Clay Heights
42 Pecan Acres Estates 433 Pecan Street Petersburg VA 23803 Petersburg Redevelopment & Housing Authority Planned 50 Petersburg - North
43 South Line at Perry Place Gill Street & Perry Street Petersburg VA 23803 Maramjen Investments Planned 176 Petersburg - North
44 VSU Chesterfield Avenue 21015 Chesterfield Avenue Petersburg VA 23803 Virginia State University Purchasing Planned 62 Petersburg - North
45 North Pier Harbor Center Court & Wavy Street Portsmouth VA 23704 Breeden Company, The Planned 187 Portsmouth - South
46 Front Street Flats 519 Front Street Norfolk VA 23510 Rockville Development Planned 57 Norfolk - South
47 Hampton Road Transit 1500 Monticello Avenue Norfolk VA 23510 Concord Eastridge Planned 259 Norfolk - South
Richmond New Construction and Proposed Multifamily Projects
Source: Yardi Matrix
ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE FORECASTED COMPLETION DATE
START OF RENT-UP
48 Tarrants Bay 151 Riverview Avenue Norfolk VA 23510 USP Development Planned 482 Norfolk - South
49 Greenwood Manor NWC Greenwood Drive & Tazewell Street Portsmouth VA 23701 Herman & Kittle Properties Planned 280 Geneva Park
50 Pinewell Station 719 East Ocean View Avenue Norfolk VA 23503 Breeden Company, The Planned 145 Washington Park - Oceanair
51 East Ocean View Avenue 2143 East Ocean View Avenue Norfolk VA 23518 MS Tek Planned 96 Bayside -Larrymore Lawns
52 Villa Marina 8158 Shore Drive Norfolk VA 23518 TST Construction Planned 106 Bayside -Larrymore Lawns
53 CityView at Towne Center 4432 Bonney Road Virginia Beach VA 23462 Ripley Heatwole Company Planned 250 Hollywood - Thalia
54 Old Beach Village II 2900 Baltic Avenue Virginia Beach VA 23451 Hampton Roads Housing Company Planned 320 Virginia Beach - North
55 Bennett's Creek Commons 3345 Bridge Road Suffolk VA 23435 Joey Corporation Planned 144 Suffolk
56 Yorktown Crescent 3130 Fort Eustis Blvd Yorktown VA 23692 Virginia Land & Homes Planned 64 Poquoson
57 Crossing at York River, The George Washington Memorial Hwy & Tidemill Road Gloucester Point VA 23072 Tower Park Management Planned 109 Gloucester Point
58 Jackson Ward North 1st Street & East Jackson Street Richmond VA 23219 Community Preservation & Development Corporation Planned 182 Fan District
TOTAL PLANNED 6,893
59 West Olney Road 225 West Olney Road Norfolk VA 23510 Marathon Development Group Prospective 250
60 18th Street & Grace Street 18th Street & Grace Street Richmond VA 23219 Parrish Construction Prospective 100 Church Hill - Manchester
61 2501 East Main Street 2501 East Main Street Richmond VA 23223 MacFarlane Partners Prospective 216 Church Hill - Manchester
62 Locks at 3Twenty-One, The 321 South 10th Street Richmond VA 23219 Dominion Realty Partners Prospective 187 Church Hill - Manchester
63 Paper Board Company Building 111 Hull Street Richmond VA 23224 Fountainhead Development Prospective 100 Church Hill - Manchester
64 1500 Roseneath 1500 Roseneath Road Richmond VA 23230 Thalhimer Realty Partners Prospective 50 Fan District
65 Belvidere, The North Belvidere Street & West Grace Street Richmond VA 23220 Uphoff Ventures Prospective 100 Fan District
66 New Clay House 1125 West Clay Street Richmond VA 23220 Virginia Supportive Housing Prospective 80 Fan District
67 Azalea Square 4820 Brook Road Richmond VA 23227 Dewberry Capital Prospective 1000 Richmond - North
68 East Brookland Park 1224 East Brookland Park Blvd Richmond VA 23222 Community Preservation & Development Corporation Prospective 123 Richmond - North
69 Winterfield Place Winterfield Road & Huguenot Trail Midlothian VA 23113 Riverton Associates Prospective 200 Bon Air - Midlothian
70 Libbie Mill Phase II SWC Staples Mill Road & Bethlehem Road Richmond VA 23230 Gumenick Properties Prospective 327 Lakeside
71 Madison Crossing 15101 Hull Street Road Chesterfield VA 23832 Dise & Associates Prospective 360 West Chesterfield County
72 Big Oak at Bell Creek Bell Creek Road & Left Flank Road Mechanicsville VA 23116 Stanley Specialty Solutions Prospective 220 Henry Clay Heights
73 Cambridge Square 7153 Brandy Run Drive Mechanicsville VA 23111 Shaia, Lawrence Prospective 207 Henry Clay Heights
74 380 East Washington 380 East Washington Street Petersburg VA 23803 C.A. Harrison Companies Prospective 100 Petersburg - North
75 Petersburg Hotel Redevelopment 16 West Tabb Street Petersburg VA 23803 Monument Companies, The Prospective 60 Petersburg - North
76 Newport Manor 602 West 36th Street Norfolk VA 23508 Hanson Company, The Prospective 50 Norfolk - South
77 Arbour Reach Phase II 3624 Tejo Lane Portsmouth VA 23703 Ripley Heatwole Company Prospective 50 Belleville
78 Mezzo Virginia Beach Blvd & Wexford Drive Virginia Beach VA 23462 Atlantic Dominion Distributors Prospective 282 Hollywood - Thalia
79 Ridgewood Club Redevelopment 4594 Wicklow Place Virginia Beach VA 23452 Commonwealth Commercial Properties Prospective 300 Powells Corner
80 Peninsula Town Center 4410 East Claiborne Square Hampton VA 23666 Tabani Group Prospective 169 Hampton - North
81 Legacy of Poquoson Wythe Creek Road & Victory Blvd Poquoson VA 23662 Franklin Johnston Group, The Prospective 200 Poquoson
82 Marquis at Williamsburg, The Marquis Center Pkwy & Interstate 64 Williamsburg VA 23185 Todd Interests Prospective 300 Williamsburg - South
83 Mooretown Road & Bulifants Blvd Mooretown Road & Bulifants Blvd Williamsburg VA 23188 Marlyn Development Prospective 130 Williamsburg - North
84 Carriage Point Canon Way & George Washington Memorial Hwy Gloucester VA 23061 Zandler Development Company Prospective 218 Gloucester Point
TOTAL PROSPECTIVE 5,379
TOTAL RICHMOND 17,118
Richmond New Construction and Proposed Multifamily Projects
Source: Yardi Matrix© 2017 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx