GLEN ALLEN, VA. — Middleburg Communities has acquired a 13.5-acre land parcel in Glen Allen to develop a 310-unit apartment and townhome project. Glen Allen is about 15 miles north of Richmond, Virginia. Construction on the project, called The Brook, will begin later this month, with a completion-date estimate of late 2024. According to Middleburg, The Brook is one of only a few multifamily projects to be built in the North Richmond area in the past two decades. Middleburg is managing the development, and The Remark Cos. is an investment partner.
The project costs were not disclosed, but financing was provided by Truist Bank. The asset will consist of five, four-story buildings with elevator service totaling 274 units, which will be available as one-, two- or three-bedroom floor plans. The townhome portion of the community will be made up of six, six-unit buildings with two- and three-bedroom floor plans with private garages. Amenities include a pool, a fitness center and yoga studio, grilling stations, a dog park, a pet spa and electric vehicle charging stations.