Meridian Obici Apartments, Suffolk, VA

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