Emerson Companies and independent developer Philip Roper announced the grand opening of The River Apartments, a new 201-unit luxury apartment community located in Chester, Virginia.
The River features a full suite of lifestyle amenities, including a pool with a sundeck, a fitness center, grilling stations, landscaped courtyards with fire pits, and a resident lounge and conference space for remote work. “With continued job growth in Chesterfield County and major investment occurring throughout the Meadowville corridor, there is a tremendous need for quality housing options,” said Philip Roper.
The River offers convenient access to major employers and economic hubs, including LEGO Manufacturing Virginia, Amazon Fulfillment Services and HCA Virginia Health System. The project team included 2PA as the architect, Highmark Engineering as the civil engineer, KBS as the general contractor, Focus Design as the interior designer, and Cite Design as the landscape architect.
Burke & Herbert Bank provided construction financing. Property management services for The River Apartments will be provided by Capital Square Living.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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