Property

Southern Towers

Virginia

Property Details

THE PROJECT

  • Mixed-use development located on the southeast quadrant of N Beauregard Street and Seminary Road.
  • Existing Apartments: 2,376 units

PROPOSED NEW DEVELOPMENT

  • Proposed Retail: 55,400 SF
  • North Residential: 120 Units
  • South Residential: 164 Units
  • Hotel: 89,800 SF
  • Parking: 228 spaces/level
  • Anchor Parking: 120 designated anchor spaces (4/1,000)

TIMING

  • CDP/FDP Approval: Q1 2017 CDP, Q1 2018 FDP app.
  • Permits/Site Plan Approval: Q1-Q3 2018
  • Construction Start: Q4 2018
  • Delivery of Shell for Tenant Build-Out: Q3 2020
  • Substantial Completion: Q4 2020

Demographics

Distance 1 Mile 3 Miles 5 Miles
Population 44,526 261,793 592,768
Average HH Income $92,592 $104,988 $123,660
Daytime Population 18,033 78,240 320,967

Brokers

Ray R. Schupp

David A. Ward