Real Estate Developments

Tranquility at the Lakes II

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Description

The Subject property will offer a mix of one-bedroom and two-bedroom unit floor plans when completed. The development plan calls for the construction of a 38-unit affordable multi-family housing development targeting elderly households earning up to 60 percent AMI (area median income)

Project Details

Type

Senior Housing

Status

Planned

Address

5837 Burton Station Road

City

Virginia Beach

State

VA

Zipcode

23455

Construction

New Development

Start Date

2024

Expected Completion Date

2025

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Source(s):
VHDA
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Number of units for rent

0

Number of units for sale

0

Number of affordable housing units

LEED Designation

Not Available

Project Cost

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Parking Spaces

Zoning

Hotel Rooms

0

Retail Space

0

Office Space

0

Square Footage

0

Lowest Housing Sales Price

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Highest Housing Sales Price

0

Lowest Rent Price

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Highest Rent Price

0

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          Sources:

          VHDA

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          AreaProbe is a research and advisory firm focused on housing and commercial real estate development in urban communities. Our proprietary tech platform reduces turnaround time on research and analysis projects for developers by an average of 75% relative to the market. We combine that efficient, data-backed analysis with an understanding of how different cultural groups interact with the real estate market, and what it means for developers, investors, and financiers. We also facilitate access to capital and project management services from the network we've built during more than four decades of collective experience in real estate development, finance, design and urban planning.