Chesterfield County’s apartment count continues to climb, with yet another developer out of Charlottesville fueling the recent boom.
A $49 million, 276-unit apartment development called The Reserve at Rivington is being proposed along the 6300 block of Rivington Drive in the county’s Bermuda District.
Charlottesville-based Cathcart Group is behind the project, which would be built on a 21-acre site the company purchased in March for $5.3 million. It had been owned by Bogese Cos., a Richmond-based real estate development group.
“The Bogese Companies had plans to construct apartments on the site,” Cathcart CEO C. Todd Dofflemyer said. “But we ended up buying the property from them instead to move forward with the apartment project.”
The Reserve at Rivington would be Cathcart’s first metro Richmond project, Dofflmyer said. For 30 years, the firm has worked in multifamily development, construction and property management across the state and in West Virginia.
A preliminary rendering of the Rivington complex (Cathcart Group)
Construction is slated to begin at the end of this year or early next year, with Cathcart handling the work in-house.
Plans call for 81 of the 276 apartments to be one-bedroom units, with the balance being two-bedroom ones, Dofflemyer said.
Looking to turn the wetlands on the property into an amenity, plans call for multiple nature trails and green space that will include a dog park and fire pits. A clubhouse with fitness center, billiards room, movie theater and kitchen is planned, as are a saltwater pool and sports court.
Rents are slated to start at $1,000 per month and go up to about $1,400, Dofflemyer said.
Cathcart’s project is the latest in a string of new apartment communities slated for Chesterfield County.
Another Charlottesville-based development firm – Castle Development – is planning a $90 million, 450-unit apartment project along Watkins Centre Parkway on 18 acres of a 123-acre parcel owned by the Watkins family.
Work on Winterfield Crossing’s first phase of apartments, dubbed Winterfield at Midlothian, is underway. Midlothian West, a development comprising 275 apartments and 170 townhomes, is in the works across the street.
Westchester Development Partners, made up of Chesterfield County developers Casey Sowers and George Emerson, is planning two buildings totaling 236 apartments on a 5-acre parcel overlooking Route 288 at the northeastern edge of Westchester Commons.
Chesterfield County’s apartment count continues to climb, with yet another developer out of Charlottesville fueling the recent boom.
A $49 million, 276-unit apartment development called The Reserve at Rivington is being proposed along the 6300 block of Rivington Drive in the county’s Bermuda District.
Charlottesville-based Cathcart Group is behind the project, which would be built on a 21-acre site the company purchased in March for $5.3 million. It had been owned by Bogese Cos., a Richmond-based real estate development group.
“The Bogese Companies had plans to construct apartments on the site,” Cathcart CEO C. Todd Dofflemyer said. “But we ended up buying the property from them instead to move forward with the apartment project.”
The Reserve at Rivington would be Cathcart’s first metro Richmond project, Dofflmyer said. For 30 years, the firm has worked in multifamily development, construction and property management across the state and in West Virginia.
A preliminary rendering of the Rivington complex (Cathcart Group)
Construction is slated to begin at the end of this year or early next year, with Cathcart handling the work in-house.
Plans call for 81 of the 276 apartments to be one-bedroom units, with the balance being two-bedroom ones, Dofflemyer said.
Looking to turn the wetlands on the property into an amenity, plans call for multiple nature trails and green space that will include a dog park and fire pits. A clubhouse with fitness center, billiards room, movie theater and kitchen is planned, as are a saltwater pool and sports court.
Rents are slated to start at $1,000 per month and go up to about $1,400, Dofflemyer said.
Cathcart’s project is the latest in a string of new apartment communities slated for Chesterfield County.
Another Charlottesville-based development firm – Castle Development – is planning a $90 million, 450-unit apartment project along Watkins Centre Parkway on 18 acres of a 123-acre parcel owned by the Watkins family.
Work on Winterfield Crossing’s first phase of apartments, dubbed Winterfield at Midlothian, is underway. Midlothian West, a development comprising 275 apartments and 170 townhomes, is in the works across the street.
Westchester Development Partners, made up of Chesterfield County developers Casey Sowers and George Emerson, is planning two buildings totaling 236 apartments on a 5-acre parcel overlooking Route 288 at the northeastern edge of Westchester Commons.
The Route 10 corridor is one that is showing a lot of renewed interest these days. The success of WaterMark has changed the entire perception of it as a home building location.