Richmond New Construction & Proposed Multifamily Projects 3Q18
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Richmond New Construction & Proposed Multifamily Projects 3Q18 ID PROPERTY UNITS 1 Artisan Hill 204 2 Abberly at Centerpointe 271 3 Elan Williamsburg 198 4 South Bank Phase II 55 5 Penstock Quarter 327 54 6 Nexus 268 7 Alta Citizen 222 8 MARQ, The 364 76 23 9 Premier at Town Center 131 72 69 71 52 45 10 Roebuck, The 57 68 73 53 42 35 11 East 51 at Rocketts Landing 156 70 74 39 38 46 12 Rockefeller Phase II, The 60 41 43 13 Colony Village Phase II 166 75 36 14 Shockoe Center 160 5 40 44 Total Lease-Up 2,639 37 15 Belt Atlantic, The 216 22 27 16 1001 East Bryd 237 51 20 47 17 1125 Commerce Road 100 28 26 18 2501 East Main Street 216 16 14 19 700 E 4th Street Development 100 59 65 25 18 21 20 Belvidere, The 129 64 50 49 30 32 4 34 29 21 Current, The 214 33 1 Total Under Construction 1,212 61 19 22 Marshall Lofts 167 2 31 11 23 Canopy at Ginter Park 301 15 17 24 Moore's Lake 200 48 55 25 Winterfield at Midlothian, The 238 58 26 Vida East 178 60 62 27 Herod Seed 163 63 13 28 Locks at 3Twenty-One, The 187 66 24 29 Main & Pear Street 144 116 30 Manchester Development 100 57 56 31 New Manchester 104 113 111 32 Paper Board Company Building 100 115 33 PortRVA Phase II 188 34 Walkers Creek 200 3 35 1500 Roseneath 50 112 36 3013 Cutshaw 100 77 380 East Washington 100 114 117 37 Belvidere, The 129 78 Pecan Acres Estates 50 110 38 Cooperage Phase II, The 55 79 Petersburg Hotel Redevelopment 60 80 South Line at Perry Place 176 81 79 39 Dalian Development 100 77 40 Grace and Stuart 105 81 VSU Chesterfield Avenue 62 78 80 41 Quality Inn & Suites 210 82 North Pier 187 42 Scott's View 258 83 County Street 59 43 Summit, The 166 84 Hampton Road Transit 259 44 1202 North 1st Street 154 85 Newport Manor 55 45 East Brookland Park 76 86 Tarrants Bay 482 46 Highland Grove Phase II 100 87 West Olney Road 250 88 Greenwood Manor 280 108 47 Church Hill North Buildings 130 7 48 Block 17 133 89 3800 Acqua 288 11 49 Element at Stonebridge Phase II 200 90 Arbour Reach Phase II 50 50 Winterfield Crossing 250 91 Stonebridge Phase II 50 51 Winterfield Place 200 92 Pinewell Station 145 52 Belmont 238 93 4521 Pretty Lake Avenue 103 109 53 Hope Village Redevelopment 100 94 East Ocean View Avenue 96 107 54 Libbie Mill Phase II 327 95 Villa Marina 106 106 55 Market Square IV 60 96 CityView at Town Center 250 56 Moore's Lake Phase II 185 97 Coastal 61 at Oxford Village 248 105 57 Reserve at Rivington, The 276 98 Fernwood Chase 213 58 5411 Commonwealth Center 240 99 Ridgewood Club Redevelopment 300 59 City View Drive 250 100 Oceanfront 234 101 Old Beach Village II 320 92 60 Cosby Village 305 94 61 Lakeside Commons 50 102 3800 Acqua 288 93 62 Madison Crossing 360 103 Bennett's Creek Commons 144 95 63 Magnolia Green 248 104 Route 460 250 64 Watkins Centre 450 105 Soundview Townhomes 250 106 King Street 215 85 97 65 Westchester Commons 236 90 87 84 66 Winterpock 288 107 1815 West Mercury Blvd 260 103 89 86 6 101 Total Planned 8,299 108 Legacy of Poquoson 200 10 12 67 9 100 109 Peninsula Town Center 169 102 83 96 67 Mezzo 282 91 82 8 68 Everleigh 165 110 Marquis at Williamsburg, The 418 99 69 Gateway West 115 111 Arbordale 288 88 70 3500 Cox Road 407 112 High Street 96 104 71 Innslake Place 350 113 Lightfoot 276 LEGEND 72 Innslake Place Phase 2 130 114 Midtown Row Redevelopment 240 Lease-Up 98 73 Lake District at Glen Allen, The 323 115 Mooretown Road & Bulifants Blvd 130 Under Construction 74 Big Oak at Bell Creek 220 116 Carriage Point 218 75 Cambridge Square 207 117 Crossing at York River, The 109 Planned 76 River Mill 285 Total Prospective 10,458 Prospective 5 mi Source: Yardi Matrix a Berkshire Hathaway and Jefferies Financial Group company Richmond New Construction and Proposed Multifamily Projects FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 1 Artisan Hill 1000 Carlisle Avenue Richmond VA 23231 Lease-Up 204 Montrose 08-01-2017 03-31-2019 08-06-2018 2 Abberly at Centerpointe 1900 Brandermill Pkwy Midlothian VA 23114 Lease-Up 271 West Chesterfield County 01-16-2018 01-31-2019 08-01-2018 3 Elan Williamsburg 100 Whitworth Way Leesburg VA 23185 Lease-Up 198 Williamsburg - North 11-01-2016 01-31-2019 06-08-2018 4 South Bank Phase II 307 Stockton Street Richmond VA 23224 Lease-Up 55 Church Hill - Manchester 11-30-2016 12-31-2018 08-31-2018 5 Penstock Quarter 4901 Libbie Mill East Blvd Richmond VA 23230 Lease-Up 327 Lakeside 07-01-2016 12-31-2018 08-03-2018 6 Nexus 544 Newtown Road Virginia Beach VA 23462 Lease-Up 268 Hollywood - Thalia 04-20-2017 12-31-2018 08-03-2018 7 Alta Citizen 301 Continental Pkwy Newport News VA 23602 Lease-Up 222 Bernard Village 01-31-2017 12-31-2018 05-11-2018 8 MARQ, The 4781 Alicia Drive Virginia Beach VA 23462 Lease-Up 364 Powells Corner 01-17-2017 11-30-2018 03-17-2018 9 Premier at Town Center 165 Central Park Avenue Virginia Beach VA 23462 Lease-Up 131 Hollywood - Thalia 11-15-2016 11-30-2018 11-16-2017 10 Roebuck, The 519 Front Street Norfolk VA 23510 Lease-Up 57 Norfolk - South 06-01-2017 09-30-2018 06-01-2018 11 East 51 at Rocketts Landing 4845 Old Main Street Richmond VA 23231 Lease-Up 156 Montrose 03-08-2017 09-30-2018 03-05-2018 12 Rockefeller Phase II, The 130 Brooke Avenue Norfolk VA 23510 Lease-Up 60 Norfolk - South 08-01-2017 09-30-2018 01-31-2018 13 Colony Village Phase II 10250 Colony Village Way North Chesterfield VA 23237 Lease-Up 166 Bellwood 12-20-2016 09-30-2018 11-29-2017 14 Shockoe Center 1900 East Franklin Street Richmond VA 23223 Lease-Up 160 Church Hill - Manchester 06-01-2016 09-30-2018 01-31-2017 TOTAL LEASE-UP 2,639 15 Belt Atlantic, The 4000 Midlothian Turnpike Richmond VA 23224 Under Construction 216 Church Hill - Manchester 08-23-2018 01-31-2019 16 1001 East Bryd 1001 East Byrd Street Richmond VA 23219 Under Construction 237 Church Hill - Manchester 17 1125 Commerce Road 1125 Commerce Road Richmond VA 23224 Under Construction 100 Church Hill - Manchester 18 2501 East Main Street 2501 East Main Street Richmond VA 23223 Under Construction 216 Church Hill - Manchester 19 700 E 4th Street Development 700 East 4th Street Richmond VA 23224 Under Construction 100 Church Hill - Manchester 20 Belvidere, The 18th Street & Grace Street Richmond VA 23219 Under Construction 129 Church Hill - Manchester 21 Current, The East 4th Street & Hull Street Richmond VA 23224 Under Construction 214 Church Hill - Manchester TOTAL UNDER CONSTRUCTION 1,212 22 Marshall Lofts 2 East Marshall Street Richmond VA 23219 Planned 167 Fan District 06-30-2018 12-31-2019 23 Canopy at Ginter Park 1311 Westwood Avenue Richmond VA 23227 Planned 301 Richmond - North 02-19-2018 12-31-2019 24 Moore's Lake 12310 Jefferson Davis Hwy Chester VA 23831 Planned 200 Chester 03-05-2017 04-30-2019 25 Winterfield at Midlothian, The 1300 Winterfield Road Midlothian VA 23113 Planned 238 Bon Air - Midlothian 10-31-2017 02-28-2019 26 Vida East 1903 East Marshall Street Richmond VA 23223 Planned 178 Church Hill - Manchester 01-31-2018 01-31-2019 27 Herod Seed 904 Oliver Hill Way Richmond VA 23298 Planned 163 Church Hill - Manchester 28 Locks at 3Twenty-One, The 321 South 10th Street Richmond VA 23219 Planned 187 Church Hill - Manchester 29 Main & Pear Street 2801 East Main Street Richmond VA 23223 Planned 144 Church Hill - Manchester 30 Manchester Development Cowardin Avenue & Stonewall Avenue Richmond VA 23224 Planned 100 Church Hill - Manchester 31 New Manchester 915 East 4th Street Richmond VA 23224 Planned 104 Church Hill - Manchester 32 Paper Board Company Building 111 Hull Street Richmond VA 23224 Planned 100 Church Hill - Manchester 33 PortRVA Phase II 512 Hull Street Richmond VA 23224 Planned 188 Church Hill - Manchester 34 Walkers Creek Brander Street & Manchester Road Richmond VA 23224 Planned 200 Church Hill - Manchester 35 1500 Roseneath 1500 Roseneath Road Richmond VA 23230 Planned 50 Fan District 36 3013 Cutshaw 3013 Cutshaw Avenue Richmond VA 23230 Planned 100 Fan District 37 Belvidere, The North Belvidere Street & West Grace Street Richmond VA 23220 Planned 129 Fan District 38 Cooperage Phase II, The 1650 Overbrook Road Richmond VA 23220 Planned 55 Fan District 39 Dalian Development 3210 West Marshall Street Richmond VA 23230 Planned 100 Fan District 40 Grace and Stuart 1131 West Grace Street Richmond VA 23220 Planned 105 Fan District 41 Quality Inn & Suites 3200 West Broad Street Richmond VA 23230 Planned 210 Fan District 42 Scott's View 1400 Roseneath Road Richmond VA 23230 Planned 258 Fan District 43 Summit, The 3022 West Broad Street Richmond VA 23220 Planned 166 Fan District 44 1202 North 1st Street 1202 North 1st Street Richmond VA 23219 Planned 154 Richmond - North 45 East Brookland Park 1224 East Brookland Park Blvd Richmond VA 23222 Planned 76 Richmond - North 46 Highland Grove Phase II 1132 Dove Street Richmond VA 23222 Planned 100 Richmond - North 47 Church Hill North Buildings 1611 North 31st Street Richmond VA 23223 Planned 130 Mechanicsville 48 Block 17 5000 Old Main Street Richmond VA 23231 Planned 133 Montrose 49 Element at Stonebridge Phase II 301 Stonebridge Plaza Avenue Richmond VA 23225 Planned 200 Richmond - West 50 Winterfield Crossing Midlothian Turnpike & Winterfield Road Midlothian VA 23113 Planned 250 Bon Air - Midlothian 51 Winterfield Place Huguenot Trail & Winterfield Road Midlothian VA 23113 Planned 200 Bon Air - Midlothian 52 Belmont 4010 Broad Street Richmond VA 23230 Planned 238 Lakeside 53 Hope Village Redevelopment 1605 Hope Road Glen Allen VA 23060 Planned 100 Lakeside 54 Libbie Mill Phase II SWC Staples Mill Road & Bethlehem Road Richmond VA