Land deal clears way for 201-unit apartment complex in Chester
Construction is set to start on a $20 million development that will add hundreds of new apartments in the heart of Chester.
A group led by current and former executives of homebuilder Schell Brothers is preparing to start site work for The Station at Chester Village, a 201-unit apartment building set to rise on about 4.5 acres at 11910 and 11912 Chester Road, behind the Allen Tire and retail strip at Route 10 and the railroad tracks.
Chesterfield supervisors approved the project in late 2019. Plans call for a cluster of five apartment buildings that will house 65 one-bedroom units, 126 two-bedrooms and 10 three-bedrooms. Floorplans will range from 650 to 1,300 square feet in size. Burnette said rents have not been set for the apartments, which he said would be market-rate.
The four- and five-story buildings will be constructed with brick or stone and Hardiplank facades. The complex will include a 4,000-square-foot clubhouse, and amenities include a pool with cabanas, an outdoor fireplace and grilling stations. Walking paths are to be added along Chester Road, where additional turn lanes will be constructed to provide site access.
Burnette put the development cost at just under $20 million. Virginia Housing is providing financing for the project, and Costa Canavos with Berkadia handled mortgage lending.
Breeden Construction is building the apartments, which were designed by Poole & Poole Architecture. Balzer & Associates handled engineering work.
Burnette said the complex will add a rental product unlike what’s available in the Chester area now. While apartments can be found in Chester Village and in the vicinity, he said the closest comparable apartments are some distance away.
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Nationally recognized, with 60 years of expertise in every facet of the industry, The Breeden Company is a real estate development firm that boasts a portfolio of over 15,000 apartments that have been owned, managed and developed, as well over 2 million square feet of developed and managed commercial & office space. Since 1961, The Breeden Company has grown into one of the most dominant development companies in the country.