Luxury apartments to be built on Port Republic Road


Luxury apartments to be built on Port Republic Road
By Scott Rogers • March 5, 2014
The Reserve at Belvedere, as shown above, is a project the Cathcart Group recently completed in Charlottesville. They have now begun work on the first 168 apartments. Per today's Daily News Record: The Cathcart Group of Charlottesville plans to build a total of 396 units in 17 buildings between Ridgedale Road and the extension of Stone Spring Road commonly known as the southeast connector. The Cathcart Group is seeking to appeal to "renters-by-choice," including graduate students, young professionals, professors, doctors and retirees. In addition to the 168 residential units, The Reserve's first phase will include a 7,000-square-foot clubhouse with space for social gatherings, a professional chef's kitchen, a 24 hour business and fitness center, and a wide-screen movie theater. There will also be a swimming pool, spa, outdoor fire pit and dog park. Eventually, The Reserve will include a 27- acre "village center" with a "large grocery anchor or regional attraction with Main Street shops, restaurant[ s], hotels, pharmacies and service amenities — all surrounded by attractive green spaces and water features," Read more via.... Today's Daily News Record article: Luxury Complex Coming My prior story about The Reserve: The Reserve at Stoneport seemingly one (significant) step closer to reality The Cathcart Group's January 2014 press release: Cathcart Group to break ground on Luxury Apartment Community The location of The Reserve at Stone Port.... This appears to be the layout of the community.... click here for a larger version Receive Updates by Email Recent Articles: An Absence Of Competing Listings In A Broad Price Range Does Not Mean You Can (Or Should) Round Your List Price Up To The Top Of That Range The First Buyer To Make An Offer Will Likely Not Include An Escalation Clause, At Least Not At First Home Buyers Seem To Be Drawing The Line In A More Rational Place Now When Making Offers Buy A House For Yourself, Not The Next Owner Home Sellers Will Not Voluntarily Sell Their Homes For Lower Prices Because Of Higher Interest Rates Unless Competition Forces Them To Do So Homes Are Still Selling Quickly, So You Should Know (Or Think About) Where You Are Going Next Before You List Your Home For Sale Are You Ready To Sell Your Rental Property? Should We Let Buyers View Your Home Before It Hits The Market? Almost Half Of Homes For Sale Are New Homes Where Are Most New Homes Being Built Right Now?
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through May 28, 2023 (unless otherwise noted).
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