Major Milestone for Richmond’s Real Estate Scene! Discover the New Luxury Development!
### Richmond Celebrates New Multifamily Development
In a remarkable achievement for Richmond, Virginia, Capital Square has recently topped out its latest real estate venture, Chasen, a 352-unit luxury multifamily community nestled in the vibrant Scott’s Addition neighborhood. This project represents the company’s commitment to enhancing the area, funded by resources from CSRA Opportunity Zone Fund VII, LLC, which broke ground just last year.
Chasen’s architectural design will feature three interconnected buildings, with apartments ranging from studios to three-bedroom units. Residents can look forward to modern living spaces including high-quality finishes such as quartz countertops and sleek vinyl flooring, set in a location enriched by retail options spanning over 5,350 square feet.
Beyond individual units, Chasen promises a wealth of amenities reminiscent of a high-end resort. Plans include a saltwater pool, fitness center, co-working spaces, and a rooftop lounge that offers scenic views of Scott’s Addition—a neighborhood renowned for its thriving craft beverage scene, comprising numerous breweries and eateries.
With construction moving forward despite economic challenges, Capital Square has established itself as a key player in the local real estate market, delivering over 900 premium apartments since 2020. Upon completion in summer 2025, Chasen will serve as a cornerstone for Richmond’s ongoing development, aiming to create jobs and invigorate the city’s economy. As the region continues to flourish, the anticipation grows for what this project will bring to the community.
Richmond’s New Luxury Living: Discover the Chasen Multifamily Community
### Richmond Celebrates New Multifamily Development
Richmond, Virginia is set to experience a significant transformation with the introduction of Chasen, a luxurious multifamily development aimed at enhancing the vibrant Scott’s Addition neighborhood. Developed by Capital Square, this ambitious project recently celebrated a major milestone, having topped out on its construction as it continues towards an anticipated completion in summer 2025.
#### Features and Specifications of Chasen
Chasen boasts a total of 352 upscale residential units, including floor plans that range from compact studios to spacious three-bedroom apartments. Residents can expect high-quality finishes throughout their living spaces, featuring:
– **Quartz Countertops**: Known for their durability and aesthetic appeal.
– **Sleek Vinyl Flooring**: Providing a modern and low-maintenance option.
– **Access to Over 5,350 Square Feet of Retail Space**: Enhancing the community lifestyle with shopping and dining options right at residents’ doorstep.
#### Amenities to Enhance Living Experience
The amenities at Chasen are designed to create an unparalleled living experience, which include:
– **Saltwater Pool**: For leisure and relaxation during warm months.
– **Fitness Center**: Equipped with state-of-the-art exercise machines.
– **Co-Working Spaces**: Catering to the rise of remote work and offering a productive environment.
– **Rooftop Lounge**: Featuring breathtaking views of Scott’s Addition, making it a perfect spot for socializing or unwinding.
#### Economic Impact and Local Development
The construction of Chasen aligns with Richmond’s economic growth objectives, as it is funded through the CSRA Opportunity Zone Fund VII, LLC. This project not only aims to provide luxury housing but also plays a crucial role in job creation and stimulating the local economy, as it adds to the over 900 premium apartment units Capital Square has developed since 2020.
#### Pros and Cons of Living in Chasen
**Pros:**
– Luxury amenities that enhance lifestyle.
– Prime location near breweries and eateries in Scott’s Addition.
– Variety of unit sizes catering to different needs.
**Cons:**
– Anticipated higher rental costs due to luxury positioning.
– Construction may bring temporary disruptions in the area.
#### Market Trends and Predictions
As Richmond continues to thrive, developments like Chasen underscore the increasing demand for high-quality multifamily living spaces in urban areas. The trend towards luxury rentals, particularly in neighborhoods with vibrant community elements, is expected to grow as more people seek comfortable living arrangements close to entertainment and dining options.
For those considering a move to Richmond or looking for new housing options, Chasen symbolizes not just luxury living but an investment in a burgeoning community.
For more insights into real estate developments and community news in Richmond, visit Richmond.com.
