201 Twenty One
This was a redaptive use of an old Sears building built in the 1950’s in the Ghent area of Norfolk. The existing building had fallen into disrepair. Mr. Daniel W. Aston, the partner for Roseland Property Company, and the outside equity partners were able to develop the site into 225 apartment homes, a 7,000 square foot clubhouse, 16,000 square feet of retail and 421 parking spaces. The majority of the parking spaces are located in the garage. The total development cost was approximately $45 million. The City of Norfolk was a very active partner in this process offering numerous concessions for a successful urban development.
Today, the property is known as 201 Twenty One. It is a four-story elevator served urban building built around a large courtyard. The project is urban in every element. The development has a density of approximately 75 units per acre. The current rents of $1.65 per foot represent some of the highest known apartment home rents in all of Hampton Roads. This is an urban building with structured parking that truly creates a pedestrian urban lifestyle. The property features extensive clubhouse amenities along with a heated pool and putting green.
201 Twenty One is managed by Roseland Property Company.