Apartments developer buys 13 acres in Chesterfield for $4M+

Posted on 8/24/2020 by Sydney Lake at Virginia Business

An apartment complex developer has purchased a 13-acre site in Chesterfield County for $4.025 million, Commonwealth Commercial Partners LLC announced Friday.

Located at 6767 Iron Bridge Road, the complex will include 230 apartment units, a clubhouse and a pool. Austin Woods Development Co. sold the property to Waverton Development Inc. in a transaction that closed on Aug. 20.

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Developer pays $4.025 million for land in Chesterfield with plans to build 230 apartments

Posted on 8/21/2020 by Sean Gorman at Richmond Times-Dispatch

A developer has bought 13 acres on Iron Bridge Road in Chesterfield County with plans to build 230 apartments.

Waverton Development Inc. bought the land at 6767 Iron Bridge Road for $4.025 million, according to Commonwealth Commercial Partners LLC, which represented the seller . The sale was completed Thursday.

Construction is underway on the apartment complex, a clubhouse and a pool. The first residents are expected to move in during the second quarter of 2021, Commonwealth Commercial Partners said.

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