Affiliates of Cantor Fitzgerald and Silverstein Properties have entered into a joint venture with Collins Capital Partners and Kaufman Jacobs.
The venture will develop The James at Springline, a mixed-use project including 298 rental units and 28,000 square feet of ground-level retail located in a qualified opportunity zone in Chesterfield County, near Richmond, Va.
The venture simultaneously closed on $53.6 million in construction financing from Truist Bank to develop the project. The investment is part of the first phase of a comprehensive master-planned development known as Springline at District 60, a former shopping center that will be redeveloped into a 42-acre, mixed-use urban village located at the intersection of Route 60 and Chippenham Parkway. Demolition began in March 2023 and construction will occur in multiple phases. The site will include abundant green space and connectivity, with walking and biking trails, wide streetscapes, and structured parking. The