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Construction Begins on 428-Bed Student Housing Project in Richmond

A joint venture comprised of Balboa Real Estate Partners and The Opus Group has broken ground on Ascend Richmond, a 428-bed student housing project in Richmond.

The project will be located near the Virginia Commonwealth University campus and will feature a mix of studio, one, two-, three- and four-bedroom units. Amenities are slated to include an outdoor terrace, pool, fitness center and lounge areas.

Rabren General Contractors is serving as general contractor for the project. An estimated completion date was not disclosed.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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