A local landlord is putting the finishing touch on a nearly 700-unit West End apartment complex.
Weinstein Properties is looking to add 30 new apartments to its Kings Crossing community near Patterson Avenue and Gaskins Road. It will be the final building at Kings Crossing, a 668-unit apartment complex that broke ground more than 40 years ago.
The final phase will be built at the corner of Otlyn and Castile roads on a 1.83-acre slice Weinstein has owned since the 1970s, pending rezoning approval from Henrico County.
“We feel like the timing is good now to put some additional apartments on there,” said Ivan Jecklin, co-president of Weinstein Properties. “It’s zoned for office use now, but there’s just no market for office space in that area.”
Kings Crossing stretches about 55 acres southwest of Gaskins and Patterson. The first phase of the project, dubbed Crofton at Kings Crossing, was built in 1971. The Brighton section was built in 1989, and the newest section — Addison at Kings Crossing — came in 2000.
The entire complex’s occupancy rate is more than 90 percent, Jecklin said.
The new building will most resemble the Addison at Kings Crossing. Richmond-based Winks Snowa is the project’s architect. Weinstein has yet to bring on a general contractor for the final piece.
Weinstein plans to begin construction early next year in hopes of opening the building sometime in 2015. Jecklin declined to say what the project would cost.
Kings Crossing’s next building will be one- and two-bedroom apartments. The company’s rezoning application says that all one-bedroom apartments will be at least 740 square feet with two-bedrooms no smaller than 1050 square feet.
The apartments will rent at the high-end of market rates, Jecklin said, but he did not specify a target rental price. Apartments at Kings Crossing’s other sections are running between $1,069 and $1,219 per month for one-bedrooms. Two-bedrooms range from $1,149 to $1,379, according to the property’s website.
“It’s going to be a high-end apartment community, similar to Addison at Kings Crossing but a little more upgraded on the exterior of the building,” he said. “And on the interior, the building will have granite countertops and other upgraded finishes.”
Weinstein’s other properties include the Addison at Wyndham, Abbington and Springfield apartment communities in the West End. The company also owns the Abbington Hills, Aden Park & Glenway Green, Ashton Square and 2000 Riverside apartments on the Southside.