Carrollton adds apartments
Published 7:31 pm Saturday, June 27, 2015
Another 208 apartments underway along Route 17 in Carrollton will bring The Breeden Eagle Harbor Apartment Community to 592 apartments.
Breeden Company announced a $2.1-million land deal for the project’s third phase almost a year ago.
Eagle Harbor West, under development on the 15.93 acres near Eagle Harbor Shopping Center, will consist of 208 one-, two- and three-bedroom apartments, forming an “enriched lifestyle community,” according to the news release.
The wider project already has a sand volleyball court, five-hole putting green, 24-hour health club and tanning bed, resort-style pool and optional garages. The third phase will “add even more amenities and garages to the existing luxury apartments,” according to the release.
Barry Tomlin, Breeden’s vice president for operations, stated monthly rents will start at $930 for one-bedroom apartments, $1,125 for two-bedroom apartments and $1,285 for three-bedroom apartments, though prices are subject to change.
The overall development also includes 41.29 acres of commercial space, a little more than 8.3 acres of which was on the market when the land deal was announced. “We are currently working with several national companies and should have a few major announcements soon,” Breeden Realty President Mark Pendleton stated Friday.
“There is an abundance of commercial activity on both sides of Route 17,” he added.
Peyton Tata, director of marketing and public relations for The Breeden Companies, noted the development’s proximity to two of the region’s top employers, Newport News Shipbuilding (just across the nearby James River Bridge) and Smithfield Foods (which has a packing plant, its corporate headquarters and other operations in nearby Smithfield).
Pendleton added, “Many prospects are looking for a more a tranquil location, such as Carrollton, while still being close enough to get into town for work and play.”
“There is a demand for additional rental housing in that market due to the increase in new jobs in the Newport News and Hampton areas,” he continued.
“Our existing Eagle Harbor properties have proven very successful and maintain very high occupancy rates.”
Tim Faulkner, Breeden’s chief operation officer, stated the total investment in the 592 apartments — not including land acquisition — is $65.1 million.
According to Peyton, expected completion for the last unit of phase 3 is November next year.