CHESAPEAKE, VA—Wood Partners, an Atlanta-based developer, hasannounced that a $39 million luxury apartment building here, underdevelopment for two years, has delivered. In addition, the 280-unitmultifamily community called Streets of Greenbrier, is already 81%leased.
The complex is located at 929 Wintercress Way, sited onapproximately 13.8 acres. It is also next to the Greenbrier Mall.KBS, Inc. was the general contractor, and Cline Design Associateswas the architect.
When Wood Partners announced it was beginning construction inMarch 2012, it estimated that the community would be open for leasein January 2013, with construction completed in August 2013. Beforeit began construction it had been under development for severalyears.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
