Client: Waverton Associates, Portsmouth, VA
Value: $27.5M
Year: 2015

• Redevelopment of the former 17-acre Obici hospital site
• 224 units in 7 buildings:
  – 1 Bedroom Units 128
  – 2 Bedroom Units 80
  – 3 Bedroom Units 16
• Amenities include a clubhouse with fitness center, swimming pool, water feature, postal/carwash/maintenance/utility structure, and single-story garage buildings.
• Reservation Application for the 4% Tax-exempt Credits for tax-exempt bond financing for VHDA