Sphere Apartments

Sphere Apartments

Richmond, VA
Available
  • Property Type: Equity Solutions
  • Property Size: / 4.45 Acres / 224 Units

Overview

On behalf of MVP Equities (the “Developer”), Capstone Equity Solutions is pleased to present a preferred equity or joint venture opportunity to finance the development of Sphere Apartments: a to-be-built, 224-unit luxury mid-rise multi-family community near downtown Richmond, Virginia. This Class-A development will be comprised of two four-story buildings and is scheduled to break ground in November 2020. The asset’s amenity package will feature an oversized two-story clubhouse, swimming pool, fitness center, bike storage, and more, and is positioned in an excellent location for prospective residents to enjoy. The site sits between the Scott’s Addition Historic District entertainment & retail hub and the employment hub of the Richmond CBD and surrounding areas. Within three miles of the site, there are over 175,000 jobs and nearly 10,000 businesses. Additionally, the site is walkable to both Virginia Union University (VUU) and Virginia Commonwealth University (VCU), supporting robust demand for new Class-A multi-family product in the area. The Developer recently obtained a special use permit for the development and is projecting to break ground in November 2020 after expected closing on the site at the end of October.

Contact Information

Bryse Toothaker Director P: 704.727.2926
O: 800.746.3175 ext. 703
bryse@capstone-companies.com
Kyle Kaylor Director P: 704.562.2232
O: 800.261.9464 ext. 718
kaylor@capstone-companies.com
Sean Henry Managing Director P: 404.694.0099
O: 800.746.3175 ext. 737
sean@capstone-companies.com
capstoneapts-logo