Plans are underway for the renovation of 150-unit Aqua Vista Apartments in Newport News, Virginia. The apartment complex was built back in 1870 and it hasn’t been renovated for over 5 decades.
George Saad, BLVD’s acquisitions director said his company, BLVD Group, was pleased about partnering with Virginia Housing and Enterprise Community Investments. He said the project will renovate each unit and expand the amenities on the property. Saad also mentioned that the project will also receive funding for on-site support service programs as well.
Redevelopment plans for the Aqua Vista Apartments in Newport News
The entire cost of the Aqua Vista Apartments in Newport News redevelopment is about $35.8 million. However, the Virginia Housing Development Authority will cover the construction financing for the renovations, taking place at 646 Aqua Vista Drive.
The apartment is at a convenient location next to Interstate 664 and roughly 10 miles from Newport News city center. In addition, residents can easily access the adjacent King-Lincoln Park, which has sports courts and a fishing pier. The 150 Aqua Vista Apartments are spread across 10 buildings which house a mix of one, two, and three-bedroom units. The sizes of the units range between 752 to 1,170 SF and are designated for individuals earning 60% or less of the AMI.
Also Read 3 Toll-Equity Residential apartment communities coming to Texas
The upgrades for the apartments include new finishes, appliance upgrades, new flooring, and paint. In addition, the gas systems in the buildings will be converted to electric power, in order to minimize carbon footprint. New energy and water-saving features will also be incorporated to help the buildings attain the Enterprise Green Communities certification.
Aqua Vista Apartment Redevelopment will cover renovations and expansions for the playground, park, barbecue area, community room, and business center. Resident services focused on education will also be provided through a collaboration between BLVD and a local social services provider. Metro Group Services is the general contractor for the project, while Hooker De Jong Architects is the designer.
