The project, known as Avalon Manor, will contain 296 apartment homes in 20 two-story direct-entry buildings. Nine apartment types, including one- to three-bedroom units, will be offered. Initial occupancy is expected in the first quarter of 2001, with build-out scheduled for the end of the year. Total development cost is projected to be $33.1 million.
AvalonBay Communities, with offices in Virginia and Massachusetts, owns or holds an ownership interest in 132 apartment communities containing 38,480 apartment homes in 12 states and DC.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.