{"id":1004100958,"date":"2014-07-22T18:45:18","date_gmt":"2014-07-23T02:45:18","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=277993"},"modified":"2020-04-07T07:45:54","modified_gmt":"2020-04-07T15:45:54","slug":"franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\/","title":{"rendered":"Franklin Johnston\u2019s Luxury M-F Project in Virginia Beach Takes Big Step Forward"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/10489731_609336932513526_1190937598208195963_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-277995\" title=\"10489731_609336932513526_1190937598208195963_n\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/10489731_609336932513526_1190937598208195963_n.jpg\" alt=\"\" width=\"300\" height=\"136\" \/><\/a>The Virginia Beach City Council has approved the rezoning of a 16-acre tract in the Princess Anne Commons area that Franklin Johnston Group plans to develop as a 240-unit luxury apartment community.<\/p>\n<p style=\"text-align: justify;\">Called Southern Pines Apartments the property will consist of 10 three-story buildings, placed around two lakes and an adjacent golf course. Amenities will include a two-story clubhouse with a 2000-square-foot fitness club, parking structures and \u00a0a resort-style pool.<\/p>\n<p style=\"text-align: justify;\">Units will feature 9-foot ceilings, high-efficiency HVAC systems, granite countertops and ceramic floors. Prices will start at about \u00a0$1,100 per month.<\/p>\n<p style=\"text-align: justify;\">\u201cThe Courthouse and Princess Anne corridor area is without a doubt the most dynamic spot in our region right now,\u201d Tom Johnston, the \u00a0company&#8217;s Chief Development Officer of Franklin Johnston Group, in a statement. \u201cQuality rental housing has not kept pace with the new employment created at the health care complex, educational institutions, and retail and office space in the area.\u201d<\/p>\n<p style=\"text-align: justify;\">Franklin Johnston did not disclose the cost of the project. Groundbreaking is scheduled for next spring, and \u00a0residents will be able to move in by the end of 2015.<\/p>\n<p style=\"text-align: justify;\">Southern Pines is the third multi-family project announced by Franklin Johnston in Hampton Roads this year. In May, the company revealed plans to build two affordable communities in Norfolk: The Crossings at Berkley Station, a 156-unit \u00a0project, and \u00a0The Pointe at Pickett Farm, which will offer 300 units. The three projects represent a combined investment of more than $100 million, according to the company..<\/p>\n<p style=\"text-align: justify;\"><em>Photo credits: <\/em><a href=\"https:\/\/thefranklinjohnstongroup.com\/\" target=\"_blank\" rel=\"nofollow\"><em>Franklin Johnston Group<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virginia Beach City Council has unanimously approved the rezoning of a 16-acre tract of land earlier this month. The site is located in the Princess Anne Commons area and will now be used for the development of a luxury apartment community.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[1815],"class_list":["post-1004100958","post","type-post","status-publish","format-standard","hentry","category-richmond-hampton-roads","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Franklin Johnston\u2019s Luxury M-F Project in Virginia Beach Takes Big Step Forward - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Johnston\u2019s Luxury M-F Project in Virginia Beach Takes Big Step Forward\" \/>\n<meta property=\"og:description\" content=\"Virginia Beach City Council has unanimously approved the rezoning of a 16-acre tract of land earlier this month. The site is located in the Princess Anne Commons area and will now be used for the development of a luxury apartment community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-23T02:45:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-07T15:45:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/10489731_609336932513526_1190937598208195963_n.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Franklin Johnston\u2019s Luxury M-F Project in Virginia Beach Takes Big Step Forward\",\"datePublished\":\"2014-07-23T02:45:18+00:00\",\"dateModified\":\"2020-04-07T15:45:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\\\/\"},\"wordCount\":264,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/10489731_609336932513526_1190937598208195963_n.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Richmond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/franklin-johnstons-luxury-m-f-project-in-virginia-beach-takes-big-step-forward\\\/\",\"name\":\"Franklin Johnston\u2019s Luxury M-F Project in Virginia Beach Takes Big Step Forward - 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