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Chesterfield Towne Center gets massive new neighbor

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Posted at 9:48 AM, Oct 04, 2013
and last updated 2013-10-04 09:48:13-04

CHESTERFIELD COUNTY, Va. (RichmondBizSense.com) – Construction is underway on a Chesterfield mall’s massive new neighbor.

Norfolk-based Kotarides Development has started work at the Belmont at Chesterfield Towne Center, a 17-building, 368-unit apartment complex just north of the shopping mall. The company’s project manager Jim Marquette said costs for the complex are expected to top $30 million.

The Belmont will be the first Richmond area development for Kotarides, which manages properties in the Virginia Beach area as well as Raleigh and Durham, N.C.

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