(Read more on the multifamily market.)
NORFOLK, VA-Construction has begun on a $336-million project to revamp housing at Hampton Roads Unaccompanied Housing Privatization at Camp Allen and Camp Elmore here as well as at a five-acre site located in. The developer is Hampton Roads PPV LLC, a joint venture between Hunt Development Group in El Paso, Austin-based American Campus Communities and the Department of the Navy. With the financing closing, the venture was able to begin work on the project.
The Hampton Roads development will include the development of 2,366 new beds in manor-style residences and a mid-rise apartment building with clubhouses and recreational facilities. Another 1,313 existing beds will be renovated at the Naval Base. The entire project is expected to deliver in Q1 2010.
Hunt is providing development services and ACC is providing development consulting and property management services. Hunt affiliate Hunt Building Co. is providing construction management and design-build services.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
