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Middleburg, HGI JV secure construction financing for 299-unit class A multifamily development in Richmond, Va.
Transactions - APRIL 1, 2026

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Middleburg, HGI JV secure construction financing for 299-unit class A multifamily development in Richmond, Va.

by Released

Middleburg and Harbor Group International (HGI) announced the closing of construction financing for Scottwood, a 299-unit class A multifamily development located at 4400 West Broad St. at the boundary of the City of Richmond and Henrico County. Construction is set to commence this April, with initial deliveries anticipated in late 2027. The project is a joint venture between Middleburg and affiliates of Harbor Group International. Financing was provided by Truist Bank.

A central site within Henrico County’s Westwood Revitalization/Reinvestment Opportunity Special Focus Area, Scottwood sits west of Scott’s Addition along a corridor that Henrico has specifically planned for mixed-use redevelopment – including residential, restaurants, breweries, offices and entertainment. The Pulse bus rapid transit line runs along West Broad Street, with nearby stations, providing residents with direct connectivity to the broader region. Middleburg expects Scottwood to be one of many cat

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