Glen Allen, VA
Woodman Road Mixed-Use Development
$93 million
Size
350
Units
Glen Allen, VA
Market
- Non-recourse, fixed-rate, 35-year term, partial interest-only
- Redevelopment of an obsolete shopping center in an in-fill location in Henrico County's Western Henrico submarket; located in a Henrico County Enterprise Zone
- Mixed-use project with 72 townhomes, 278 market-rate apartments, and 10,000 square feet of retail on the 16-acre parcel
- Dazzling amenity package including 14,000 square foot clubhouse, heated swimming pool, and totally equipped office space for residents
- Over 90% of the rental units in the area are more than 30 years old, revealing an immense need for new rental housing
- Five miles from Innsbrook, a major employment nod
350-unit Class-A multifamily property with 12,000 square feet of Class A retail on a 16.36-acre site
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