Apartment Complex Under Way in Virginia's Tidewater Market

By Dees Stribling, Contributing Editor

Chesapeake, Va.—Wood Partners LLC has broken ground on Streets of Greenbrier, an apartment complex adjacent to the Chesapeake Mall in the city of Chesapeake in the Tidewater region of Virginia. The property will include 280 units, with lofts and one-, two- and three-bedroom floor plans in three- and four-story structures.

Streets of Greenbrier will also feature seven carriage units, each with two units built over garages. According to the developer, the carriage units have been popular in each Wood Partners development that has included them, especially because of their private entrance. Carriage units are especially popular with people making the transition from a house to an apartment, says Wood Partners director Carter Siegel.

Floor plans for the property, which was designed by architects Cline Design Associates, range from 737 square feet to 1,290 square feet. All of the units will have either patios or sunroofs. Common amenities include a swimming pool, courtyards with grilling areas, dog park, play area and a car- care center for washing and vacuuming vehicles. The property’s 5,500-square-foot clubhouse will feature a cyber café, 24-hour fitness center and Wii gaming area.

The property will be open for lease in January 2013, with construction completed in August of that year. It will be one of a number of new-construction apartment buildings now under way in the Richmond-Tidewater market. According to apartment specialist Pierce Eislen, 12 properties are currently under way in Richmond-Tidewater, totaling more than 2,000 units.

Siegel calls Chesapeake is one of the “stronger, more stable areas” in the Tidewater market. Though the city’s unemployment rate spiked in 2009 along with everywhere else, as of January 2012, it’s just above 6 percent, significantly lower than the national average and only a little above the average for Virginia, according to the Bureau of Labor Statistics.