Bonaventure was featured in Multi-Housing News in an article highlighting the groundbreaking of Attain at Newtown, an $85.3 million Class A multifamily community in Norfolk, Virginia.
The article notes that the 320-unit project is located at 6659 E. Virginia Beach Boulevard in the Hampton Roads area, with first units expected to come online in Fall 2027. Attain at Newtown will offer a mix of one-, two- and three-bedroom apartments averaging 1,010 square feet.
Multi-Housing News also highlights that Attain at Newtown is being developed within a federally designated Qualified Opportunity Zone. The capital stack includes an equity investment from Cafritz Asset Management LLC and long-term, fully amortizing financing through a HUD Section 221(d)(4) loan originated by Greystone.
The project is part of Bonaventure’s growing Attain-branded portfolio of Class A multifamily residences. Vest Residential will serve as property manager, with Marlyn Development Corp. as general contractor, Cox, Kliewer & Co. as architect and Timmons Group as civil engineer.
The article also notes that construction on Attain at Newtown began about a month after Bonaventure broke ground on Attain at Greenbrier, a $74.5 million, 268-unit project in Chesapeake. Together, the developments reflect Bonaventure’s continued investment in the Hampton Roads market, where supply constraints and strong absorption continue to support demand for new Class A housing.
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