Berkadia has secured equity and construction financing for a new $144 million mixed-use residential community located at 3200 W. Moore Street in Richmond, Va., on behalf of joint venture partners Hoffman & Associates and DeBartolo Development.
The financing structure includes a senior construction loan provided by TD Bank, and equity investment from Red Cove Capital.
Centrally located in the popular Scott’s Addition neighborhood of Richmond, 3200 W. Moore Street is a nearly 400,000-square-foot, mixed-use development that will include more than 18,000 square feet of retail space and approximately 366 apartment units at full build-out, adding to the neighborhood’s energetic mix. Future residents can enjoy more than 10,000 square feet of amenities, including multiple courtyards and terraces, an expansive pool deck as well as lounge, dining and event spaces. Demolition began in November 2025.
“Scott’s Addition has rapidly evolved into one of Richmond’s
