A new multifamily development called The Ridge at North Pointe has recently begun construction in Charlottesville, Virginia. GW Real Estate Partners and Virtus Real Estate have formed a joint venture partnership to build the housing project. The developers secured construction financing from United Bank to start the project.
The location of The Ridge at North Pointe is strategically chosen, as it is near the University of Virginia, which consistently generates strong demand for housing in the region. With limited new apartments available in the area, the new community is expected to perform well.
The project will be located at the intersection of Cliffstone Boulevard and Northside Drive, providing easy access to nearby infrastructure, including The North Fork Research Park of the University of Virginia and the National Ground Intelligence Center. Residents will have convenient commutes to Charlottesville, which is 20 minutes away, and Washington D.C., which is 100 miles away.
Number of Units at The Ridge at North Pointe
The Ridge at North Pointe will be built on a 224-acre property and will consist of seven buildings. In total, there will be 279 units, with a mix of one, two, and three-bedroom apartments. All buildings will be three stories high. The average size of the apartments will be 988 square feet. The units will come with high-end amenities, including quartz countertops, stainless steel appliances, wood-style flooring, and keyless entry systems. Residents will also have individual patios and access to in-unit washer and dryer facilities. The property will have 502 parking spaces and 14 electric vehicle charging stations.
The development team for The Ridge at North Pointe includes Heffer Architects as the project’s architect and Collins Engineers as the civil engineers. GW Builders, a subsidiary of GW Real Estate, has been contracted as the general contractor. The project is expected to be completed by the second quarter of 2024.
FAQ
1. Who are the developers of The Ridge at North Pointe?
The developers of The Ridge at North Pointe are GW Real Estate Partners and Virtus Real Estate.
2. Where is The Ridge at North Pointe located?
The project is located in Charlottesville, Virginia at the intersection of Cliffstone Boulevard and Northside Drive.
3. How many units will be available at The Ridge at North Pointe?
The Ridge at North Pointe will have a total of 279 units spread across seven buildings.
4. What amenities will the apartments at The Ridge at North Pointe offer?
The apartments will come with high-end amenities such as quartz countertops, stainless steel appliances, wood-style flooring, and keyless entry systems.
5. When will The Ridge at North Pointe be completed?
The project is expected to be completed by the second quarter of 2024.
Closing Statements
The Ridge at North Pointe is an exciting new housing project in Charlottesville, Virginia. With its convenient location and high-end amenities, it is sure to attract residents looking for comfortable and modern living spaces. The developers have carefully planned the project to meet the demand for housing in the area and provide a thriving community for its residents. With construction underway, it won’t be long before The Ridge at North Pointe becomes a sought-after place to call home in Virginia.
