Greystar Real Estate Partners and Capital Square Opens 350-Unit Otis Apartment Homes in Scott’s Addition Neighborhood of Richmond

RICHMOND, VA – Greystar Real Estate Partners, a global leader in the management of high-quality rental housing properties, and Capital Square, a leading sponsor of tax-advantaged real estate investments and an active developer of multifamily communities, announced that Otis is now open and has leased 50 percent of its 350 apartment homes in Scott’s Addition.
“We are pleased to deliver Otis and become a contributing member of the Scott’s Addition community,” said Greystar Managing Director John Clarkson. “We hope that we’ve enhanced an already wonderfully authentic neighborhood’s sense of place through thoughtful design, amenities and community serving retail. We look forward to being integral partners and neighbors within Scott’s Addition and the broader Richmond market for many years to come.”
Located in the heart of Scott’s Addition on Roseneath and W Moore St., the six-tale mixed-use community offers studio, one- and two-bedroom units, and three-bedroom townhomes. The bespoke apartment homes offer a range of kitchen and bathroom finishes, movable islands, floor to ceiling windows, balconies, full-size appliances and generous closet spaces.
Otis has a variety of amenity spaces, catering to every interest, as well as intimate areas. The lobby was designed to serve as both a lounge and coworking space, with a state-of-the-art gym located to one side and a direct entrance to Grit Coffee on the other. Just off the elevator on the third floor are the cabana, a textured, intimate dining space, and the lounge, which features a pool table, keg tap, and outdoor seating and grilling spaces overlooking the neighborhood. The third floor is also home to two courtyards, one debuting a large pool deck and the other eight grill stations and luxe seating spaces. The Otis community has a dedicated pet spa and a dog park with interactive features.
Otis also exhibits four murals highlighting talented local artists. The largest mural was designed by Emily Herr of Herr Suites and is hard to miss, spanning half of Norfolk St. and turning the corner to a quarter of McTavish Ave. In the lobby, Tim Skirven designed a vibrant piece above the hospitality bar, visible from Roseneath. Naomi McCavitt of Thicket Design carefully crafted a textured wall mural, enhancing the interior design of the largest indoor amenity space. And finally, a modern installation by Andre Shank in the main elevators pulls the colors from each floor together.
“Richmond is one of the Mid-Atlantic region’s most attractive real estate markets and the Scott’s Addition neighborhood is among the city’s fastest-growing and most compelling sub-markets,” said Whitson Huffman, co-chief executive officer of Capital Square. “The Otis, with its attractive design and high-end amenities, is a premier mixed-use multifamily community that will further accelerate the transformation of Scott’s Addition into one of Richmond’s most well loved and thriving neighborhoods.”
Otis is situated in Scott’s Addition, one of Richmond’s fastest-growing neighborhoods, and the hub of the city’s brewing scene with more than 20 breweries, distilleries, and cideries. Some of the neighborhood highlights include Stella’s Grocery and ZZQ, The Broadberry music venue, and Brambly Park. The community is a 10-minute commute to employers downtown or in the West End and is also near Brown’s Island, the James River and Cary Town.

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Argyle Real Estate Partners Acquires 303-Unit Indigo at Cross Creek Apartment Community in Desirable Charlotte Submarket of Indian Land

INDIAN LAND, SC – Argyle Real Estate Partners, a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, announced the acquisition of Indigo at Cross Creek in Indian Land, SC within the greater Charlotte MSA. Cadre, a real estate investment firm that has invested over $4B of real estate, serves as the joint venture partner on the deal.
“We’re pleased to partner with Cadre on such a quality, off-market opportunity,” said Ryan Reyes, CEO of Argyle. “Our objectives are aligned, and with Indigo at Cross Creek being so strategically located in the epicenter of such a robust submarket, it’s a fantastic first venture for us to embark on together.”
A 303-unit community, Indigo at Cross Creek was built in 2017 and features spacious 1, 2, and 3-bedroom apartments with units averaging nearly 1,150 square feet. All units offer best-in-class amenities such as stainless-steel appliances, granite countertops, tile backsplash, washer-dryer combos, 9′ ceilings, and bathrooms furnished with double vanities, while premium exterior amenities include a fully equipped resort-style pool with a cozy lounge/entertainment area featuring outdoor kitchens, a synthetic turf putting green, a bocce ball court, and a lavish clubhouse that offers access to both business and leisure resources for residents to delight in.
Indigo is approximately 30 minutes from Uptown Charlotte and 10 minutes from the Ballantyne suburb, an affluent and highly desirable area with numerous major employers, top schools and trendy retail and restaurants.
“Charlotte has seen tremendous positive migration over the last several years given its explosive job growth and lower cost of living compared to other major cities with similar demographics,” said Mike Cacciatore, Principal for Argyle. “The Indian Land and Ballantyne submarkets have similarly experienced rapid growth during this same time period and are poised to continue doing so. These positive tailwinds made Indigo an attractive investment.”

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Sunrise Senior Living Opens New Northern Virginia Community to Serve More Than 120 Residents Situated in The Heart of McLean

MCLEAN, VA – Sunrise Senior Living, an industry pioneer and leading provider of senior living services, based in McLean, VA announced the opening of its newest community in the Northern Virginia-region: Sunrise of McLean Village.
Situated in the heart of McLean, Sunrise of McLean Village is located in dynamic Northern Virginia area, home to the first Sunrise more than 40 years ago. This new community proudly continues the company s tradition of providing high-quality senior living as it starts welcoming its first residents this month. Built in partnership with Alexandria, VA-based architect, Rust | Orling Architecture, and general contractor, The Whiting-Turner Contracting Company, Sunrise of McLean Village will be home to more than 120 residents. The community will offer helped living accommodations and memory care for those living with memory loss.
We look forward to proudly continuing our legacy in McLean with the opening of Sunrise of McLean Village, shares Maureen Davis, Sunrise of McLean Village s Executive Director. Being raised locally, I appreciate our uniqueness. This community will help make the area even more remarkable. My team and I will keenly welcome our new residents and their loved ones into the Sunrise family. We will serve our residents according to their preferences. Giving them the lives they want, deserve, and have earned.
The three-tale property spans nearly 90,000 square feet of space. The building s brick façade fits seamlessly into the surrounding area s historic and traditional feel but brings a unique touch with its large picture windows and subtle modern design elements. Sunrise of McLean Village s interiors were designed by Sunrise s in-house design team that took every detail into account while designing the spaces. Using the natural light from the large windows, the common spaces are bright and stylishly decorated with curated furniture, built specifically for this community. Residents will delight in the community s sophisticated air paired with its cozy, home-like feel. A special piece of Sunrise of McLean Village s design can be found along the interior walls which are lined with works from local artists and creators.
Sunrise of McLean Village offers several intentionally-designed amenity spaces to promote activity and engagement throughout the community. These amenities include large common spaces like the dining room and the contemporary bistro, which will feature a bar for entertainment, social hours and events for residents and their families.
Additional amenities will include a fitness center, library, two sunrooms, activity room, hair and nail salon and a massage room. A special element of the community is its emphasis on access to outdoor space. These amenities include five covered porches, a large outdoor terrace, two rooftop terraces, and a public-private heritage garden. This area will have sections for public use and a section for residents only. The garden will feature landscaping with native plants, benches as well as accessible walking paths. The community is pet-friendly so residents can look forward to enjoying this area with their own furry friend if they would like.
The community s location on McLean s Chain Bridge Road provides connectivity for residents and their families. Residents will be able to take advantage of daytrips to historic and cultural sites in Washington, D.C., visits to the region s many landscaped parks and nature preserves, and upscale shopping and fine dining at Tysons Corner.
Sunrise of McLean Village will join nearly 20 other operating Sunrise communities across the region. The last community to open in Northern Virginia was Sunrise of Fairfax, which opened in 2021 and won a 2022 Senior Living by Design Award from Argentum. Sunrise is also nearing the completion of Sunrise of Vienna, one of the town s first helped living communities, which is scheduled to open later this year.

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