Hundreds of homes are in the works for CenterPointe in the Richmond, Va., market, as a Midwest-based Edward Rose & Sons has submitted plans for its next apartment project in the massive Midlothian mixed-use development.
Edward Rose – the company behind the Enclave Apartments in Midlothian, the Trophy Club at Bellgrade apartments and The Vinings Apartments near Iron Bridge Road – is looking to build a 347-unit complex on 18 acres of a 22-acre site. The project calls for four four-story buildings and one three-story building totaling 475,000 square feet of building area, along with surface parking totaling 682 spaces, according to a site plan filed with the county. The parking amount comes out to nearly two spaces per unit and includes 97 garage spaces. Mike Diamente, site engineering director with Edward Rose & Sons’ Indiana office, said existing zoning allows the project to be developed by right and does not require county approvals beyond plan of development review – a factor that he said appealed to the company when it saw the property listing and responded to a call for offers. “That’s one of the things that attracted us to the site, that the current owner had secured multifamily as an approved use,” he said. Diamente said Riverstone Group, the Bill Goodwin-backed firm behind the 700-acre CenterPointe development, was quietly soliciting interest in the site when a broker alerted Edward Rose & Sons to the listing. He said a call for offers was later put out and the company struck a deal for the land, which it has under contract. Riverstone owns the site along with Commonwealth Foundation for Cancer Research Foundation, a Goodwin nonprofit. Diamente said the purchase agreement is contingent on approval of the development plan. The latest county assessment valued the site at $1.99 million. Diamente would not disclose a total cost for the project, which he said is subject to revisions based on feedback from the county. Following approval, he said site development likely would take six to eight months, followed by an 18-month construction schedule. “We’re hopeful that we get through the plan review this fall, and we would begin as soon as we could thereafter to break ground,” he said. The company is working locally with Townes Site Engineering, which drew up the site plan submitted to the county. The architect on the project is Ohio-based Reztark Design Studio. The market-rate units will include one-, two- and three-bedroom floor plans. Square footages and rental rates have yet to be disclosed. Amenities will include a clubhouse with a game room, kitchen area, lounge, fitness center and yoga room, as well as an outdoor pool and cabanas. The site is across Charter Colony Parkway from two other developments in the works: a townhome development planned to total 90 lots, and a 192-unit expansion of the 255-unit Colony at CenterPointe apartments. East of the townhomes, Riverstone has set aside land for a grocery-anchored retail center beside the CenterPointe Office Building at Charter Colony Parkway and Lucks Lane. Adding to CenterPointe’s residential density is HHHunt’s Abberly Centerpointe, a 271-unit apartment complex along Brandermill Parkway that is beginning to come online. Zoned years ago, CenterPointe is approved for more than 900 multifamily units and more than 700 single-family homes overall.
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Greystar has acquired land and plans to start construction in about a month on a 28-story apartment tower in Seattle’s South Lake Union. The developer paid $20 million for the site, which it acquired from the Seattle Unity Church.
Designed by Weber Thompson, the project will have 374 units and an underground parking garage with 286 spaces. It will be named The Waverly. Construction on the residential tower is expected to begin next month, with the garage delivering next year. The project is planned to include a large deck and interior space atop a fifth-level podium, 4,700 square feet of decks on the roof, 3,200 square feet of interior view space, as well as a 132-stall bike room. The deal allows Seattle Unity to build a new 7,220-square-foot church in the same area. Seattle Unity’s 1960 church will be razed and replaced by a new Olson Kundig-designed church. Seattle Unity plans to launch church construction in fall 2020, and anticipates delivery in late 2021. Meritage Homes in partnership with a subsidiary of Green Brick Partners Inc., has closed on the purchase of 700 lots within the Cibolo Hills subdivision in Fort Worth, TX. The community will be a 50/50 partnership between Meritage Homes and Trophy Signature Homes, a subsidiary of Green Brick Partners. Construction of the approximately 216-acre property is projected to start in October 2019 and is expected to include all 50’ x 120’ lots, with 40’ single-family detached homes.
A large master-planned community located in Fort Worth’s Eagle Mountain Saginaw ISD, Cibolo Hills will sit adjacent to Business 287 and offer less than a 30-minute commute to either Alliance Town Center or Downtown Fort Worth. The development plan includes extensive amenities throughout, including parks, trails, landscaped open spaces, and a large amenity center with pool. “We view this as a tremendous opportunity to expand our footprint of energy-efficient, thoughtfully designed, affordable homes in Fort Worth,” said Austin Woffinden, Dallas division president at Meritage Homes. “Extensive amenities, two future onsite schools and a bustling retail offering in the fast-growing area of North Fort Worth make Cibolo Hills ideal for future homeowners.” Meritage Homes plans to build 350 single-family LiVE.NOW homes in Cibolo Hills, offering buyers six distinct floorplans to choose from that range in size from 1,659 to 3,100 square feet. These beautifully designed and affordable homes will include designer-curated interior packages and the M. Connected Home™ Automation Suite. The M. Connected Home™ Automation Suite encompasses an array of features allowing owners to interact with their home and take command whether they are inside or away from the property. These features include Wi-Fi-enabled lighting, video doorbells, thermostats, smart door locks and more. Designed to appeal to families or empty nesters, homes are expected to start in the $200s. Every home Meritage builds in its 43 DFW-area communities showcases the company’s commitment to providing incredibly energy-efficient homes that help customers save on utility bills. “The proximity to attractive amenities including Eagle Mountain Lake will make Cibolo Hills a treasured retreat for those seeking to live immersed in the bountiful nearby parks and wildlife while maintaining easy access to major employment centers in Fort Worth,” said Stewart Parker, president of Trophy Signature Homes. “We believe that our stylish exteriors mixed with our striking, state-of-the-art interiors will resonate well with area homebuyers.” Trophy Signature Homes will be offering their Trophy Series of homes that features a selection of plans ranging from 1,600-2,700 square feet and 3-5 bed and 2-3 bath options. As with every Trophy Signature Homes community, all upgrades, including engineered wood floors, cooktops with built in ranges and café hoods, will be included as standard features. The 350 homes will be priced competitively, starting in the mid $200’s. Home sales are expected to begin in Spring 2021 |
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