Richmond New Construction & Proposed Multifamily Projects …

[Pages:4]Richmond New Construction & Proposed Multifamily Projects

ID PROPERTY

1 Vida East 2 South Bank Phase II 3 Artisan Hill 4 Penstock Quarter 6 Abberly at Centerpointe 10 Colony Village Phase II 12 Shockoe Center

Total Lease-Up 13 Belt Atlantic, The 14 Marshall Lofts 15 Canopy at Ginter Park 16 Winterfield at Midlothian, The 17 Moore's Lake

Total Under Construction 19 2501 East Main Street 20 Belvidere, The 21 New Manchester 22 PortRVA Phase II 23 3013 Cutshaw 24 Belvidere, The 25 CIRC 26 Cooperage Phase II, The 27 Quality Inn & Suites 28 Scott's View 29 1202 North 1st Street 30 East Brookland Park 31 Church Hill North Buildings 32 Block 17 33 Winterfield Crossing 34 5411 Commonwealth Center 35 Lakeside Commons 36 Westchester Commons 37 Everleigh 38 Innslake Place 39 Cambridge Square 40 Pecan Acres Estates 41 Petersburg Hotel Redevelopment 42 South Line at Perry Place 43 VSU Chesterfield Avenue

Total Planned 65 1001 East Bryd 66 1125 Commerce Road 67 700 E 4th Street Development 68 Current, The 69 Herod Seed 70 Locks at 3Twenty-One, The 71 Main & Pear Street 72 Manchester Development 73 Paper Board Company Building 74 Riverview 75 Walkers Creek 76 1500 Roseneath 77 Dalian Development 78 Mactavish Avenue & West Marshall Street 79 Nest, The 80 Summit, The 81 1207 School Street 82 Brook Road 83 Highland Grove Phase II 84 Element at Stonebridge Phase II 85 Stony Point Landing 86 Winterfield Place 87 Belmont 88 Hope Village Redevelopment 89 Libbie Mill Phase II 90 Francisco Landing 91 Moore's Lake Phase II

UNITS

178 55

204 327 271 166 160 1,361 216 167 301 238 200 1,122 216 129 104 188 100 129 105

55 210 258 154

76 105 133 250 240

50 236 165 350 207

50 60 176 62 3,808 237 100 100 214 163 187 144 100 100 289 200 50 100 205 118 166 200 224 100 200 59 200 238 100 327 180 185

92 Reserve at Rivington, The 93 City View Drive 94 Cosby Village 95 Madison Crossing 96 Magnolia Green 97 Watkins Centre 98 Winterpock 99 Gateway West 100 3500 Cox Road 101 Innslake Place Phase 2 102 Lake District at Glen Allen, The 103 Big Oak at Bell Creek 104 380 East Washington

Total Prospective

LEGEND Lease-Up

Under Construction

Planned

Prospective

99 37

101 38 100

102

88

86

93 36

16

33

97

35 6

89 4

15 26 82

30 83

81 25

29

24 14

85

69 31

21 67 32 3

13

66

84

103 39

34

96

94 95 98

276 250 305 360 248 450 288 115 407 121 323 220 100 7,949

74 72

10

17

92

91

43 41 104 42

40

4Q18

87

76 28

78 77 27

79 80 23

65 70

73 68 22 2

20 1 12

19 71

75

90

1 mi

Source: Yardi Matrix

a Berkshire Hathaway and Jefferies Financial Group company

Richmond New Construction & Proposed Multifamily Projects

4Q18

ID PROPERTY 5 Nexus 7 Elan Williamsburg 8 Alta Citizen 9 Rockefeller Phase II, The 11 Premier at Town Center

Total Lease-Up 18 Mezzo

Total Under Construction 44 North Pier 45 Hampton Road Transit 46 Newport Manor 47 Tarrants Bay 48 Greenwood Manor 49 Pinewell Station 50 East Ocean View Avenue 51 Villa Marina 52 CityView at Town Center 53 Coastal 61 at Oxford Village 54 Oceanfront 55 Old Beach Village II 56 3800 Acqua 57 Bennett's Creek Commons 58 Route 460 59 Soundview Townhomes 60 Arbordale 61 High Street 62 Midtown Row Redevelopment 63 Crossing at York River, The

Total Planned 64 Oakland Pointe 105 County Street 106 533 Front Street 107 River Tower 108 West Olney Road 109 3800 Acqua 110 Arbour Reach Phase II 111 Stonebridge Phase II 112 4521 Pretty Lake Avenue 113 Aspire at East Beach 114 Tern, The 115 Cardinal Meadows 116 Fernwood Chase 117 Ridgewood Club Redevelopment 118 King Street 119 1815 West Mercury Blvd 120 Legacy of Poquoson 121 Peninsula Town Center 122 Marquis at Williamsburg, The 123 Lightfoot 124 Mooretown Road & Bulifants Blvd 125 Carriage Point

Total Prospective

LEGEND

Lease-Up

Under Construction

Planned

Prospective

UNITS

268 198 209

60 131 866 282 282 187 259

55 482 280 145

96 106 250 248 234 320 288 144 250 250 288

96 240 109 4,327 126

59 258 135 250 288

50 50 103 132 96 181 213 300 215 260 200 169 418 276 130 218 4,127

64

123 60 124

61 7 62

122

125 63

46

47 107

106

45 108 9

105 44

58

120 8

121 119

118

59

57 109 56

110

111 48

49

50

114 112 113

51

53

5 11 18 52

117

116 115

55 54

1 mi

Source: Yardi Matrix

a Berkshire Hathaway and Jefferies Financial Group company

Richmond New Construction & Proposed Multifamily Projects

ID PROPERTY NAME

1 Vida East 2 South Bank Phase II 3 Artisan Hill 4 Penstock Quarter 5 Nexus 6 Abberly at Centerpointe 7 Elan Williamsburg 8 Alta Citizen 9 Rockefeller Phase II, The 10 Colony Village Phase II 11 Premier at Town Center 12 Shockoe Center

13 Belt Atlantic, The 14 Marshall Lofts 15 Canopy at Ginter Park 16 Winterfield at Midlothian, The 17 Moore's Lake 18 Mezzo

19 2501 East Main Street 20 Belvidere, The 21 New Manchester 22 PortRVA Phase II 23 3013 Cutshaw 24 Belvidere, The 25 CIRC 26 Cooperage Phase II, The 27 Quality Inn & Suites 28 Scott's View 29 1202 North 1st Street 30 East Brookland Park 31 Church Hill North Buildings 32 Block 17 33 Winterfield Crossing 34 5411 Commonwealth Center 35 Lakeside Commons 36 Westchester Commons 37 Everleigh 38 Innslake Place 39 Cambridge Square 40 Pecan Acres Estates 41 Petersburg Hotel Redevelopment 42 South Line at Perry Place 43 VSU Chesterfield Avenue 44 North Pier 45 Hampton Road Transit 46 Newport Manor 47 Tarrants Bay 48 Greenwood Manor 49 Pinewell Station 50 East Ocean View Avenue 51 Villa Marina 52 CityView at Town Center 53 Coastal 61 at Oxford Village 54 Oceanfront 55 Old Beach Village II 56 3800 Acqua 57 Bennett's Creek Commons 58 Route 460 59 Soundview Townhomes 60 Arbordale 61 High Street 62 Midtown Row Redevelopment 63 Crossing at York River, The

ADDRESS

1903 East Marshall Street 307 Stockton Street 1000 Carlisle Avenue 4901 Libbie Mill East Blvd 544 Newtown Road 1900 Brandermill Pkwy 100 Whitworth Way 301 Continental Pkwy 130 Brooke Avenue 10250 Colony Village Way 165 Central Park Avenue 1900 East Franklin Street

4000 Midlothian Turnpike 2 East Marshall Street 1311 Westwood Avenue 1300 Winterfield Road 12310 Jefferson Davis Hwy Virginia Beach Blvd & Wexford Drive

2501 East Main Street 18th Street & Grace Street 915 East 4th Street 512 Hull Street 3013 Cutshaw Avenue North Belvidere Street & West Grace Street 1131 West Grace Street 1650 Overbrook Road 3200 West Broad Street 1400 Roseneath Road 1202 North 1st Street 1224 East Brookland Park Blvd 1611 North 31st Street 5000 Old Main Street Midlothian Turnpike & Winterfield Road 5411 Commonwealth Centre Pkwy 2140 Old Hundred Road 15786 WC Main Street Lauderdale Drive & Three Chopt Road 4235 Innslake Drive 7153 Brandy Run Drive 433 Pecan Street 16 West Tabb Street Gill Street & Perry Street 21015 Chesterfield Avenue Harbor Center Court & Wavy Street 1500 Monticello Avenue 602 West 36th Street 151 Riverview Avenue NWC Greenwood Drive & Tazewell Street 719 East Ocean View Avenue 2143 East Ocean View Avenue 8158 Shore Drive 4432 Bonney Road Northampton Blvd & Wesleyan Drive 2613 Atlantic Avenue 2900 Baltic Avenue Bob White Lane & Buckhorn Crescent 3345 Bridge Road 13464 Windsor Blvd 827 41st Street 401 Bulifants Blvd Kings Manor Drive & Middle Street 171 Monticello Avenue George Washington Memorial Hwy & Tidemill Road

CITY

Richmond Richmond Richmond Richmond Virginia Beach Midlothian Williamsburg Newport News Norfolk North Chesterfield Virginia Beach Richmond

Richmond Richmond Richmond Midlothian Chester Virginia Beach

Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Midlothian Midlothian Midlothian Midlothian Henrico Glen Allen Mechanicsville Petersburg Petersburg Petersburg Petersburg Portsmouth Norfolk Norfolk Norfolk Portsmouth Norfolk Norfolk Norfolk Virginia Beach Virginia Beach Virginia Beach Virginia Beach Suffolk Suffolk Windsor Newport News Williamsburg Williamsburg Williamsburg Gloucester Point

STATE

VA VA VA VA VA VA VA VA VA VA VA VA

VA VA VA VA VA VA

VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA

ZIP

23223 23224 23231 23230 23462 23114 23185 23602 23510 23237 23462 23223

23224 23219 23227 23113 23831 23462

23223 23219 23224 23224 23230 23220 23220 23220 23230 23230 23219 23222 23223 23231 23113 23112 23114 23113 23233 23060 23111 23803 23803 23803 23803 23704 23510 23508 23510 23701 23503 23518 23518 23462 23455 23451 23451 23435 23435 23487 23607 23188 23185 23185 23072

STATUS

Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up

TOTAL LEASE-UP

Under Construction Under Construction Under Construction Under Construction Under Construction Under Construction

TOTAL UNDER CONSTRUCTION

Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned Planned

TOTAL PLANNED

UNITS

178 55 204 327 268 271 198 209 60 166 131 160

2,227

216 167 301 238 200 282

1404

216 129 104 188 100 129 105 55 210 258 154 76 105 133 250 240 50 236 165 350 207 50 60 176 62 187 259 55 482 280 145 96 106 250 248 234 320 288 144 250 250 288 96 240 109

8,135

SUBMARKET

Church Hill - Manchester Church Hill - Manchester Montrose Lakeside Hollywood - Thalia West Chesterfield County Williamsburg - North Bernard Village Norfolk - South Bellwood Hollywood - Thalia Church Hill - Manchester

Church Hill - Manchester Fan District Richmond - North Bon Air - Midlothian Chester Hollywood - Thalia

Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Fan District Fan District Fan District Fan District Fan District Fan District Richmond - North Richmond - North Mechanicsville Montrose Bon Air - Midlothian West Chesterfield County West Chesterfield County West Chesterfield County Tuckahoe Wyndham Henry Clay Heights Petersburg - North Petersburg - North Petersburg - North Petersburg - North Portsmouth - South Norfolk - South Norfolk - South Norfolk - South Geneva Park Washington Park - Oceanair Bayside -Larrymore Lawns Bayside -Larrymore Lawns Hollywood - Thalia Hollywood - Thalia Virginia Beach - North Virginia Beach - North Suffolk Suffolk Suffolk Marshall Williamsburg - North Williamsburg - North Williamsburg - North Gloucester Point

PERMIT DATE

01/31/2018 11/30/2016 08/01/2017 07/01/2016 04/20/2017 01/16/2018 11/01/2016 01/31/2017 08/01/2017 12/20/2016 11/15/2016 06/01/2016

FORECASTED COMPLETION DATE

01/31/2019 01/31/2019 03/31/2019 01/31/2019 01/31/2019 01/31/2019 01/31/2019 01/31/2019 01/31/2019 01/31/2019 01/31/2019 01/31/2019

START OF RENT-UP

10/31/2018 08/31/2018 08/06/2018 08/03/2018 08/03/2018 08/01/2018 06/08/2018 05/11/2018 01/31/2018 11/29/2017 11/16/2017 01/31/2017

08/23/2018 06/30/2018 02/19/2018 10/31/2017 03/05/2017 01/01/2018

01/31/2019 12/31/2019 12/31/2019 02/28/2019 04/30/2019 01/31/2020

Source: Yardi Matrix

Richmond New Construction & Proposed Multifamily Projects

ID PROPERTY NAME

64 Oakland Pointe 65 1001 East Bryd 66 1125 Commerce Road 67 700 E 4th Street Development 68 Current, The 69 Herod Seed 70 Locks at 3Twenty-One, The 71 Main & Pear Street 72 Manchester Development 73 Paper Board Company Building 74 Riverview 75 Walkers Creek 76 1500 Roseneath 77 Dalian Development 78 Mactavish Avenue & West Marshall Street 79 Nest, The 80 Summit, The 81 1207 School Street 82 Brook Road 83 Highland Grove Phase II 84 Element at Stonebridge Phase II 85 Stony Point Landing 86 Winterfield Place 87 Belmont 88 Hope Village Redevelopment 89 Libbie Mill Phase II 90 Francisco Landing 91 Moore's Lake Phase II 92 Reserve at Rivington, The 93 City View Drive 94 Cosby Village 95 Madison Crossing 96 Magnolia Green 97 Watkins Centre 98 Winterpock 99 Gateway West 100 3500 Cox Road 101 Innslake Place Phase 2 102 Lake District at Glen Allen, The 103 Big Oak at Bell Creek 104 380 East Washington 105 County Street 106 533 Front Street 107 River Tower 108 West Olney Road 109 3800 Acqua 110 Arbour Reach Phase II 111 Stonebridge Phase II 112 4521 Pretty Lake Avenue 113 Aspire at East Beach 114 Tern, The 115 Cardinal Meadows 116 Fernwood Chase 117 Ridgewood Club Redevelopment 118 King Street 119 1815 West Mercury Blvd 120 Legacy of Poquoson 121 Peninsula Town Center 122 Marquis at Williamsburg, The 123 Lightfoot 124 Mooretown Road & Bulifants Blvd 125 Carriage Point

ADDRESS

7581 Richmond Road 1001 East Byrd Street 1125 Commerce Road 700 East 4th Street East 4th Street & Hull Street 904 Oliver Hill Way 321 South 10th Street 2801 East Main Street Cowardin Avenue & Stonewall Avenue 111 Hull Street 1400 Railroad Avenue Brander Street & Manchester Road 1500 Roseneath Road 3210 West Marshall Street Mactavish Avenue & West Marshall Street 3105 West Marshall Street 3022 West Broad Street 1207 School Street 2009 Brook Road 1132 Dove Street 301 Stonebridge Plaza Avenue 9230 Forest Hill Avenue Huguenot Trail & Winterfield Road 4010 Broad Street 1605 Hope Road SWC Staples Mill Road & Bethlehem Road Appomattox Court & Appomattox Street 12310 Jefferson Davis Hwy 6300 Rivington Drive 15800 City View Drive Cosby Road & Otterdale Road 15101 Hull Street Road Hull Street Road & Magnolia Green Pkwy 750 Watkins Centre Pkwy Bethia Road & Winterpock Road 12401 West Broad Street 3500 Cox Road 4235 Innslake Drive 9762 Candace Terrace Bell Creek Road & Left Flank Road 380 East Washington Street 818 County Street 533 Front Street 1 Colley Avenue 225 West Olney Road Bridge Road & Windward Lane 3624 Tejo Lane 4100 Prindle Court 4521 Pretty Lake Avenue 4801 Pretty Lake Avenue East Ocean View Avenue & Shore Drive 788 Shillelagh Road Fernwood Farms Road & Great Bridge Blvd 4594 Wicklow Place 102 South King Street 1815 West Mercury Blvd Victory Blvd & Wythe Creek Road 4410 East Claiborne Square Interstate 64 & Marquis Center Pkwy Lightfoot Road & Old Mooretown Road Bulifants Blvd & Mooretown Road Canon Way & George Washington Memorial Hwy

CITY

Williamsburg Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Midlothian Richmond Glen Allen Richmond Hopewell Chester Chester Midlothian Matoaca Chesterfield Moseley Midlothian Chesterfield Richmond Henrico Glen Allen Glen Allen Mechanicsville Petersburg Portsmouth Norfolk Norfolk Norfolk Suffolk Portsmouth Chesapeake Norfolk Norfolk Norfolk Chesapeake Chesapeake Virginia Beach Hampton Hampton Poquoson Hampton Williamsburg Williamsburg Williamsburg Gloucester

STATE

VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA VA

ZIP

23188 23219 23224 23224 23224 23298 23219 23223 23224 23224 23224 23224 23230 23230 23230 23230 23220 23220 23232 23222 23225 23235 23113 23230 23060 23230 23860 23831 23831 23113 23120 23832 23120 23114 23832 23233 23233 23060 23060 23116 23803 23704 23510 23510 23510 23435 23703 23321 23518 23518 23518 23323 23320 23452 23669 23666 23662 23666 23185 23188 23188 23061

STATUS

Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective

TOTAL PROSPECTIVE

TOTAL RICHMOND

UNITS

126 237 100 100 214 163 187 144 100 100 289 200 50 100 205 118 166 200 224 100 200 59 200 238 100 327 180 185 276 250 305 360 248 450 288 115 407 121 323 220 100 59 258 135 250 288 50 50 103 132 96 181 213 300 215 260 200 169 418 276 130 218

12,076

23,842

SUBMARKET

Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Church Hill - Manchester Fan District Fan District Fan District Fan District Fan District Richmond - North Richmond - North Richmond - North Richmond - West Bon Air - Midlothian Bon Air - Midlothian Lakeside Lakeside Lakeside Hopewell Chester Chester West Chesterfield County West Chesterfield County West Chesterfield County West Chesterfield County West Chesterfield County West Chesterfield County Tuckahoe Wyndham Wyndham Wyndham Henry Clay Heights Petersburg - North Portsmouth - North Norfolk - South Norfolk - South Norfolk - South Belleville Belleville Belleville Bayside -Larrymore Lawns Bayside -Larrymore Lawns Bayside -Larrymore Lawns Chesapeake Chesapeake Powells Corner Hampton - South Hampton - East Hampton - North Hampton - North Williamsburg - South Williamsburg - North Williamsburg - North Gloucester Point

PERMIT DATE

FORECASTED COMPLETION DATE

START OF RENT-UP

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Source: Yardi Matrix

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