Snapshot

Virginia Apartment Management Association

VAMA News
Harrisonburg, Waynesboro and surrounding cities in the Valley now have a state approved development plan.

Visit http://www.shenvalleynow.com/news/article/state_oks_regional_economic_development_plan to view the full article online.

 
The "Northeast Megalopolis" now extends from Boston to 50 miles south of Washington D.C. to include Fredericksburg.  This area has seen signnificant growth in the past few years and continued growth is expected.

Visit http://www.virginiabusiness.com/news/article/welcome-to-the-neighborhood to view the full article online.

 
This article provides an overview of several politicians proposals for economic development in Southwest Virginia and Virginia's Southside.

Visit http://www.roanoke.com/opinion/editorials/editorial-morefield-s-marshall-plan-for-southwest-and-southside/article_40a6fe98-3173-54d9-9d16-93bce8e86da6.html to view the full article online.

 
After Loudon Co. dropped out of the running, Facebook will build its $750 Miillion data center east of Richmond.

Visit http://www.loudountimes.com/news/article/facebook_chooses_henrico_for_750_millon_data_center_after_loudoun432 to view the full article online.

 
The Mayor of Newport News gives his state of the city address and has a positive outlook.

Visit https://pilotonline.com/inside-business/news/municipal-government/newport-news-mayor-looks-to-future-in-state-of-city/article_b2b11f51-0854-5983-ab07-5940528f981c.html to view the full article online.

 
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Does your community have a multicultural flair?  What will apartments of the future look like?  This article discusses one new design option in single family. 

Visit https://richmondbizsense.com/2017/10/10/architect-developers-first-homes-crafted-ancient-indian-design/?utm_source=BizSense+Backup&utm_campaign=f4994474df-EMAIL_CAMPAIGN_2017_10_10&utm_medium=email&utm_term=0_916386f49f-f4994474df-148081777 to view the full article online.

 
Does your community have a good way to explain the savings involved when renters stay put for several years? 

Visit https://www.naahq.org/news-publications/renters-who-renew-save-almost-4000 to view the full article online.

 
What are you doing to encourage work/life balance at your company?

Visit https://www.multifamilyinsiders.com/multifamily-blogs/promoting-work-life-balance-in-the-workplace to view the full article online.

 
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Development News
105 apartments planned at the corner of Grace St and Stuart Cr in lot purchased from neighboring church.  Fountainhead and WVS are behind the deal.

Visit https://richmondbizsense.com/2017/09/29/fountainhead-wvs-plan-105-units-fan/?utm_source=BizSense+Backup&utm_campaign=93e8ee6957-EMAIL_CAMPAIGN_2017_09_29&utm_medium=email&utm_term=0_916386f49f-93e8ee6957-148081777 to view the full article online.

 
The Franklin Johnston Group will begin construction on a new 248 apartment community in 2018.

Visit http://www.virginiabusiness.com/news/article/franklin-johnston-group-to-begin-work-on-248-unit-luxury-apartment-project to view the full article online.

 
S.L. Nusbaum Realty is planning 126 new apartments in Norfolk to be completed in early 2019.

Visit http://www.virginiabusiness.com/news/article/construction-begins-on-20-million-apartment-project-in-norfolk to view the full article online.

 
Virginia Beach's Hollygreen Apartments sell for $8.05 million to Cjehn Beta LLC.

Visit http://www.virginiabusiness.com/news/article/hollygreen-apartments-in-virginia-beach-sell-for-more-than-8-million to view the full article online.

 
Details on construction for the mixed use Town Center project in Virginia Beach including a theater, restaurants and apartments.

Visit https://pilotonline.com/news/government/local/take-a-peek-at-new-theater-and-apartment-building-going/article_7a866e3a-0e79-5cd2-867f-502677d79a91.html to view the full article online.

 
Croatan Investments purchased Waypoint at Hampton, a 210-unit asset in Hampton, and Ultris Banyan Grove, a 288-unit asset in Virginia Beach.  $4 million in renovations planned at one.

Visit https://pilotonline.com/inside-business/news/commercial-real-estate/croatan-acquires-two-apartment-communities-in-hampton-and-virginia-beach/article_eeba7376-a70a-50cd-ad72-4e7cf15bf64c.html to view the full article online.

 
A Callifornia company is using Colonial Heights Economic Development Authority Bonds to renovate a community in Chesterfield. 

Visit http://www.richmond.com/news/local/chesterfield/california-company-to-renovate-affordable-housing-complex-in-chesterfield-with/article_8cb9878b-bc70-5e6c-ad03-33517c963ef8.html to view the full article online.

 
Norfolk, VA.  Part of the project includes 12 acres of multifamily with 110 units planned in the first phase.

Visit http://norfolkdailynews.com/news/ground-broken-at-site-of-fountain-point-project/article_becb548c-aed9-11e7-a1e8-f33ea248f239.html to view the full article online.

 
Virginia Beach City Council will vote on a proposed 200 unit community on part of the Virginia Beach Marina property. 

Visit https://pilotonline.com/business/real-estate/waterfront-luxury-apartments-and-restaurant-would-replace-part-of-virginia/article_adc03f07-272a-5af3-997a-1af75c6836c0.html to view the full article online.

 
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The Virginia Apartment Management Association
An Affiliate of the National Apartment Association
2812 Emerywood Parkway, Suite 231, Richmond, VA 23294

Phone: (804) 756-VAMA
info@vamaonline.org