NORFOLK, VA (November 2020) – S. L. Nusbaum Realty Co. is pleased to announce that construction has begun on The Ashton Apartment Homes located at 1140 and 1148 E. Princess Anne Road in Norfolk, VA.
On the site of the former American Cigar Company, the property will feature architectural design elements that resemble the historic cigar factory. The name “The Ashton” is derived from a popular cigar brand.
“Our Bruce’s Park neighborhood has always been concerned with the future of this historical site of the Old Tobacco Factory built in 1903. Many of us have family connections with the African American women who worked in the factory in a role known as “Stemmers” – those that removed the stem from the tobacco leaves in order to manufacture cigars.
We are so pleased that we were able to work with the developers to build, new, quality housing that would be constructed in a way to honor this special history.”, said Barbara Dolgia, President, Bruce’s Park Civic League.
The community will offer a selection of one, two and three bedroom floor plans with modern finishes, such as granite countertops, open kitchen floorplans, and many energy efficient design features to help reduce resident’s utility costs.
Property amenities include a state-of-the-art club house with fitness center, an outdoor cabana and grilling area and a playground.
“The need for additional quality housing in this market continues to be in high demand, and we are pleased to be part of the solution here. We take pride in being able to maintain the historical integrity of this land with a new community that our future residents will be proud to call their home.” said Aaron Wyatt, Senior Vice President, Co-Director of Multifamily Housing, S.L. Nusbaum Realty Co.
Leasing will begin in late summer of 2021, and construction completion is slated for the 4th quarter of 2021.
“We are proud to honor the women and men who worked on this site many years ago when the factory was in service by incorporating some design elements to the new buildings. We are also excited about bringing another high-quality apartment community to the area”, said Richard Counselman, Senior Vice President, Multifamily Development, S.L. Nusbaum Realty Co.
The community was designed by The Timmons Group, Details Interior Design, TS3 Architects, Siska Aurand Landscape Architects, Inc. and Speight, Marshall, Francis. Morgan Keller Construction is the General Contractor.
S.L. Nusbaum Realty Co. worked with TowneBank and VHDA to secure financing for this development.
S.L. Nusbaum Realty Co. has developed nearly 7,500 multifamily units and manages a portfolio of 25,000 apartment homes throughout the Mid-Atlantic and Southeast.
For more information, please contact Aaron D. Wyatt, Senior Vice President, Co-Director of Operations, Multifamily Housing, awyatt@slnusbaum.com, 757.640.2279 or Richard Counselman, Senior Vice President, Multifamily Development, rcounselman@slnusbaum.com, 757.627.8611.
With over 115 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.
