CHESTERFIELD, Va. — The former site of Cloverleaf Mall is getting its first residential tenants.
Virginia Beach-based Boyd Homes cut the ribbon last month on Element at Stonebridge, a 400-unit apartment project that completes the first residential piece of the larger Stonebridge mixed-use development where the former Southside mall once stood.
The apartments are grouped in three buildings with courtyards and feature eight different floor plans, ranging in size from 560-square-foot studio apartments to 1,260-square-foot two-bedroom, two-bathroom units.
Rents range from under $1,000 a month for the studio apartments to $1,700 for the two-bedroom units. Amenities include a saltwater swimming pool, clubhouse and fitness center.
The $60 million apartment project has been three years in the making. Boyd Homes bought its 17-acre portion of the larger development site in 2013 for $3.45 million, and construction got underway in November 2014.
“We already have tenants who have moved in, and we are seeing great interest,” said Boyd president David Rudiger. “We’ve got a lot of people signed up, and we are seeing a lot of interest from folks that are moving from homes, actually, into apartments.”
Rudiger said such interest has come from younger renters as well as older homeowners looking for a lower maintenance lifestyle in a smaller living space.
“It’s a broad spectrum,” he said.
Units include balconies, high-speed internet, granite countertops, stainless steel appliances, dark wood cabinetry and washers and dryers. Additional amenities include a business center, grilling courtyard and a gathering area for residents to watch movies and play games.
An additional 200 apartments are approved for the site, and Rudiger said those units would come be built after this first phase is filled.
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