Summit Pointe Realty, a part of Dollar Tree Inc., has chosen Drucker + Falk to manage its upcoming apartment community in southern Virginia. The firm will also provide project consultation and leasing services. The property’s development plans call for 500 luxury units above approximately 50,000 square feet of street-level retail. According to WAVY, the owner intends to break ground on the project later this year.
Located on two blocks northwest of the intersection of Executive Boulevard and Volvo Parkway in Chesapeake, Va., the community’s buildings will rise between four and eight stories, approximately a mile and a half from Interstate 64. Dollar Tree’s future 510,000-square-foot headquarters—expected to open this summer—sits to the west of the 20.8-acre site, along with a wide variety of other office assets.
“In selecting Drucker + Falk, we are bringing 80 years of nationally known and respected professional, multifamily management experience to the Summit Pointe project. Drucker + Falk has been involved in some of the most successful multifamily urban luxury developments in the Mid-Atlantic region,” said Chris Williams, vice president of portfolio management at Dollar Tree, in a prepared statement.
Image courtesy of Summit Pointe Realty