WILLIAMSBURG, VA. — S. L. Nusbaum Realty Co. has begun construction on 2 Rivers Apartment Homes, an 119-unit affordable community in Williamsburg. The Norfolk, Virginia-based company worked with AGM Financial Services and TowneBank to secure financing. The cost of the project is expected to total approximately $26 million. Harkins Builders is the general contractor.
2 Rivers Apartment Homes will be constructed in two phases. The first phase of the community will comprise 59 units in one-, two- and three-bedroom floorplans. Amenities will include a clubhouse, fitness center, business center with Wi-Fi access, playground, dog park, cabana and a grilling patio. The property will be available to households earning at or below 60 percent of the area median income. The clubhouse is expected to be completed in November 2023, and the first building is set to be ready for occupancy in January 2024.