Construction is now underway on a new seven-story apartment complex on Charlottesville’s Jefferson Park Avenue designed to house nearly 400 students at the nearby University of Virginia. Orlando, Florida-based Development Ventures Group, a subsidiary of the Japanese Kajima Corporation, broke ground last month at 2005 Jefferson Park Ave. on the complex it plans to open to tenants by summer 2027. Just a couple of blocks from the Cavalier’s Scott Stadium, plans for the $63 million, 240,000-square-foot project call for 199 units with enough space for 386 students. For the Development Ventures Group project, Breeden Construction firm is carrying out the heavy lifting. The Richmond-based firm is also working on another nearby project at UVa’s Fontaine Research Park. To read the entire article, click HERE.
