The complex would consist of six four-story buildings housing a mix of one-, two- and three-bedroom units. (County documents)
An apartment complex in the works in Chesterfield’s Moseley area could be the first of more to come for a new-to-market developer.
New York-based B2K Development has filed plans for a 224-unit complex at 17900 Hull Street Road, a 40-acre parcel southwest of Magnolia Green Golf Club.
The six-building complex would fill a 12-acre portion of the parcel closer to Magnolia Green Parkway and across Magnolia Market Avenue from Glenmoor Oaks, a 248-unit complex built in 2020 that sold last year for $72 million.
Called “Magnolia Green Apartments” in the plans, B2K’s project would consist of four-story buildings with 260,000 square feet of total rentable space. The bulk of the units would be two-bedrooms ranging from 1,000 to 1,100 square feet in size, with 48 one-bedroom units at about 850 square feet and 24 three-bedrooms at 2,100 square feet.
The complex would include 454 parking spaces and an 8,000-square-foot clubhouse with a pool and pool house, fitness and yoga rooms, a kids’ room, community room and a coworking room. Plans also show what appears to be a pickleball court beside the pool house.
A site plan oriented with the right side as north shows the six buildings with clubhouse and pool off Magnolia Market Avenue.
The project appears to be the first in metro Richmond for B2K, which formed late last year out of Engel Burman, a New York-based real estate firm with a focus on development of multifamily and assisted living communities.
In announcing the new company last November, principal Jon Weiss said in a release that B2K has about 2,000 multifamily units “in contract and in the midst of an approval process” in Richmond, where company chairman Jan Burman said B2K’s partners have owned industrial and office buildings. In addition to Weiss and Burman, B2K is led by President Steven Krieger and principal David Burman.
Krieger is listed as the applicant contact on the plans that were filed with Chesterfield County in July. Requests to Krieger for comment were not returned this week.
B2K is working locally with Townes Site Engineering, which drew up the plans. RBA Architects out of Chesapeake is designing the apartments.
The plans are listed with the county as being under review.
Chesterfield has assessed the 40-acre parcel at $1.5 million. The parcel is owned by an entity tied to iStar Financial, a New York-based REIT that took over development of Magnolia Green in 2009. iStar merged with New York-based Safehold Inc. earlier this year.
The same entity owns a comparably sized tract just east of the parcel. The land collectively is described in plans as Magnolia Green Parcel 7, totaling 94 acres.
The entity also once owned the 21-acre Glenmoor Oaks site, which iStar developed with Delaware-based Schell Brothers at a cost of $40 million. Last summer, Utah-based NorthRock Cos. bought Glenmoor Oaks for $72 million, or $290,000 per unit.
Correction: The site plan appears to show a pickleball court, not a tennis court.
The complex would consist of six four-story buildings housing a mix of one-, two- and three-bedroom units. (County documents)
An apartment complex in the works in Chesterfield’s Moseley area could be the first of more to come for a new-to-market developer.
New York-based B2K Development has filed plans for a 224-unit complex at 17900 Hull Street Road, a 40-acre parcel southwest of Magnolia Green Golf Club.
The six-building complex would fill a 12-acre portion of the parcel closer to Magnolia Green Parkway and across Magnolia Market Avenue from Glenmoor Oaks, a 248-unit complex built in 2020 that sold last year for $72 million.
Called “Magnolia Green Apartments” in the plans, B2K’s project would consist of four-story buildings with 260,000 square feet of total rentable space. The bulk of the units would be two-bedrooms ranging from 1,000 to 1,100 square feet in size, with 48 one-bedroom units at about 850 square feet and 24 three-bedrooms at 2,100 square feet.
The complex would include 454 parking spaces and an 8,000-square-foot clubhouse with a pool and pool house, fitness and yoga rooms, a kids’ room, community room and a coworking room. Plans also show what appears to be a pickleball court beside the pool house.
A site plan oriented with the right side as north shows the six buildings with clubhouse and pool off Magnolia Market Avenue.
The project appears to be the first in metro Richmond for B2K, which formed late last year out of Engel Burman, a New York-based real estate firm with a focus on development of multifamily and assisted living communities.
In announcing the new company last November, principal Jon Weiss said in a release that B2K has about 2,000 multifamily units “in contract and in the midst of an approval process” in Richmond, where company chairman Jan Burman said B2K’s partners have owned industrial and office buildings. In addition to Weiss and Burman, B2K is led by President Steven Krieger and principal David Burman.
Krieger is listed as the applicant contact on the plans that were filed with Chesterfield County in July. Requests to Krieger for comment were not returned this week.
B2K is working locally with Townes Site Engineering, which drew up the plans. RBA Architects out of Chesapeake is designing the apartments.
The plans are listed with the county as being under review.
Chesterfield has assessed the 40-acre parcel at $1.5 million. The parcel is owned by an entity tied to iStar Financial, a New York-based REIT that took over development of Magnolia Green in 2009. iStar merged with New York-based Safehold Inc. earlier this year.
The same entity owns a comparably sized tract just east of the parcel. The land collectively is described in plans as Magnolia Green Parcel 7, totaling 94 acres.
The entity also once owned the 21-acre Glenmoor Oaks site, which iStar developed with Delaware-based Schell Brothers at a cost of $40 million. Last summer, Utah-based NorthRock Cos. bought Glenmoor Oaks for $72 million, or $290,000 per unit.
Correction: The site plan appears to show a pickleball court, not a tennis court.
That looks more like a Pickleball Court on the plans
And of course, acres of unproductive surface parking!
You can never have to much parking it’s so good they are getting rid of those hideous green wooden things that grow out of the ground that shed leaves all over the place.
I don’t understand, where are these people supposed to park their cars? Or are they not supposed to have cars. I guess they can walk the 25 miles to work downtown?
Oy vey- 25 miles! Now THAT would be a heck of a schlep!! 😳
Looking at the the design schematic/layout, the developer does a nice job of not wasting a ton of space while still providing a slightly more than 2:1 ratio of parking to units on the site. The complex is actually pretty well designed, particularly given how much parking is planned.
Starting to understand these people?
Still, I don’t think many people will rent here so to be able to work downtown. PLENTY of jobs in Chesterfield.
Not sure about the school zone, but if it has high performing students, there may be some single parents who rent there for quality public school environments — likely some of those would be immigrants.
“PLENTY of jobs in Chesterfield” – that’s not what the board of supervisors say and the stats disagree. People choose chesterfield because the housing is less per sq ft than Henrico and the schools are still strong. We have a housing shortage and these will rent easily.
I am not sure we are disagreeing. I am not sure what your Board of Supervisors said exactly, but the Hull St. corridor alone has a lot of employers. A fair amount of people even live in Richmond and work out in Chesterfield (I used to live in the Fan and work in Mechanicsville (but that is definitely unusual) There is this crazy idea that people have that most people work in the central city of metros — that is true sometimes, but CERTAINLY not in St. Louis. People in Virginia often say “What fool would live out in Loudon… Read more »
With the tolls that keep rising – Henrico and Hanover are the least expensive for overall cost of living. Unless you want to live entirely within the Chesterfield bubble.
Is this true? You are talking about the Powhite, correct? Funny, I have never been on it so have no idea if the tolls have gone up…
For quality of life, Hanover seems the best out of the three, and Henrico has an advantage it shares with much of Hanover —- being NORTH of Richmond — it is nice to be closer to NoVa — gives one more possible employment opportunities.
I hope the Chesterfield BOS has some sense and doesn’t approve this. Brand new schools in the area are already opening above 100% capacity. Mag Green already has thousands of more townhomes and single family homes planned to be built. Where is the infrastructure for this?
Not to mention iStar doesn’t care about the community. The full development is not even 2/3 completed and all the amenities are overcrowded with no plans to add capacity.
Yes, I would prefer the single family homes built over more apartments. Theoretically, school population is not impacted by apartments?
They need to build more apartments to take pressure off of the single family housing in that most houses in Richmond are now $400,000. While a apartment or town home can house 200 to 500 human beings in one sitting.
Homes build wealth for families and give areas a sense of community. Magnolia Green apartments are renting for well over $2K for a 2 bedroom. Families can BUY an older townhome for that monthly payment – even in THIS rate environment.
I really wish the Richmond Streetcar system wasn’t scrapped in 1948 they would have loved going out to Ameilia County with all these large apartment complexes being built in the 2020’s. Imagine the traffic the streetcar system would be carrying from all the growth between Petersburg and Ashland and down to Williamsburg.
But I think they should look at widening Hull Street to 8 lanes out here.
And I hope this development includes a new sidewalk or bike path along Hull Street that could be extended to Amelia Courthouse.
If you add lanes to Hull street – which I agree needs to happen – the lanes should be 2 lane frontage roads or exit feeder lanes on each side of Hull Street. (I don’t know what these are called). But YES, 288 & Hull Street is a nightmare.
That’s right. That area is just about the worst traffic nightmare other than Short Pump during rush “hour”. I would suggest that this is a sign of the success of a corridor and not a failure.
I personally would not want to deal with it so would look elsewhere for a good place to live — I am only affected by this if I come back from Western VA at the wrong time and am taking 288 — sometimes it is backed up a bit.
They need to ban driveways leading into the eight lane section of Hull Street and require that local traffic use footage roads while only stoplights or interchanges provide access to the main eight lane section of Hull Street.
I think removing stoplights would add more capacity then adding new lanes in some sections of Hull Street.
Probably agree with you here.
I remember being aghast when I first saw certain parts of NJ where people had driveways that led right into fast moving roads…
Oh boy….
If you are interested in the history of streetcars, you should know that the complete cost of them was such that they had actually create destinations — Richmond had Forest Hill Park, and Petersburg had Ferndale Park — Troy, NY had Averill Park —- then, the holy streetcar cos. “Colluded” with the real estate developers to build the street car suburbs (where I currently reside) — some of my favorite ones were designed by Olmstead: https://buffaloah.com/h/streetcars/stcars.html Olmstead basically believed that what we needed to do was suburbanize — not like Levittown though — we would likely call him elitist today,… Read more »
When I went to Tokyo the Tokyo subway had more people running on this one line I was on then Interstate 95 in downtown Richmond. Such as you would see a river of people flowing in and out of the subway station and on to the subway trains faster then getting on to a lot of interstates. There were also 5 foot wide sidewalks in Tokyo carrying more traffic then Hull Street. And their was a 6 lane wide road I was at were it was all people and very little cars. I have also been on a lot of… Read more »
Yeah… Tokyo… place of the gloved who push extra people in the subway cars and cigarette burns on your clothes…. and, like Europe, the land of Limited Resources, but worse — that’s why Germany and Japan started WWII, FYI. We don’t need that. Yeah, I like european trains — esp nice because I don’t own a car in Europe and gasoline is expensive there. I am pretty aware of how bad Amtrak and our busses seem to foriegners — I remind them that these things are for poor people generally. Portland’s light rail was finally successful after many years, but… Read more »
When we lived in Falls Church my wife TRIED to take the subway to DuPont Circle, but it took longer to do it for about the same total price and 1. She didn’t like the cattle-car-type experience 2. Even though there was a long wait to get over the Potomac (pretty clear all the way to the River though….) she could enjoy her books on tape or music without looking like a potential victim on a subway (I grew up in 1980s NYS, sorry) in a climate controled environment and not worry about walking the last three blocks to her… Read more »