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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  | 

GW Real Estate Partners, Virtus Break Ground on Class A Charlottesville Apartments

GW Real Estate Partners and Austin-based Virtus Real Estate Capital have broken ground on a new, Class A apartment project at the entrance to North Pointe, a 224-acre mixed-use community north of Charlottesville, VA. The Ridge at North Pointe is strategically located across from the University of Virginia’s North Fork Research Park and adjacent to the National Ground Intelligence Center.

Construction financing was provided by United Bank. The community is scheduled to deliver in the second quarter of 2024.

“Charlottesville’s strong regional economy, high quality of life, and the presence of the University of Virginia are consistently generating strong demand for housing in the metro,” said Robert Gordon, a principal at GW Real Estate Partners. “With limited new apartment supply expected, The Ridge at North Pointe is poised to perform well.”

This is GW Real Estate’s second ground-up multifamily development in Virginia. The firm broke ground on the 265-unit Montage at Marquis Apartments in Williamsburg late last year. That project is scheduled to deliver in the first quarter of 2024.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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