Bonaventure was featured in citybiz in an article highlighting the groundbreaking of Attain at Newtown, a 320-unit Class A multifamily development in Norfolk, Virginia.
The article notes that the $85.3 million project is located at 6659 E. Virginia Beach Boulevard in Norfolk’s Newtown neighborhood and is being developed within a federally designated Qualified Opportunity Zone. First unit deliveries are expected in Fall 2027.
Attain at Newtown is the latest addition to Bonaventure’s growing Attain portfolio, which focuses on delivering Class A multifamily communities with elevated design, amenities and finishes at attainable price points relative to the broader luxury market. The community will offer a mix of one-, two- and three-bedroom residences averaging 1,010 square feet.
Citybiz also highlights the project’s capital structure, including a partnership with Cafritz Asset Management, LLC and long-term, fully amortizing financing through a HUD Section 221(d)(4) loan originated by Greystone.
The article notes that Attain at Newtown marks Bonaventure’s second Attain development to break ground in Hampton Roads in recent weeks, following Attain at Greenbrier in Chesapeake. Together, the two developments are expected to bring nearly 600 new Class A apartment homes to the region.
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