Jones Street Investment Partners announced its expansion in Virginia with the acquisition of Summit at Bon Air, a 296-unit multifamily community located at 1701 Irondale Road in the Richmond suburb of Bon Air, from Capital Square.
Summit at Bon Air features a mix of one-, two- and three-bedroom units across 37 two-story buildings spanning a total of approximately 28 acres, as well as 550 parking spaces. The garden-style community is ideally situated within walking distance of retail and restaurant options, including Chesterfield Towne Center Shopping Mall and Huguenot Village Shopping Center, and is located off Route 60, providing an easy 22-minute drive to downtown Richmond. Summit at Bon Air features amenities including a resident lounge, business center, dog park, newly upgraded fitness center, swimming pool with a sun deck and a playground.
The majority of the property’s units have recently undergone numerous renovations to provide units with finishes including n