The NRP Group and Angelo Gordon break ground on multifamily development in Virginia
The NRP Group in partnership with Angelo Gordon has broken ground on Lake Pointe, a market-rate apartment community in Woodbridge, Va. The 15-acre site will be transformed into five four- and five-story buildings comprising 355 units.
This development marks NRP’s second partnership with Angelo Gordon, and Santander Bank has provided a construction loan for the project.
“We're incredibly excited to break ground on Lake Pointe and work in partnership with Angelo Gordon and Santander Bank,” said Josh Wooldridge, senior vice president of development at The NRP Group. “This project represents our commitment to delivering best-in-class multifamily housing that meets the evolving needs of today's residents. With its prime location and modern amenities, Lake Pointe is poised to become a sought-after residence for those seeking convenient, comfortable and stylish living options in the greater Washington, D.C., area.”
Lake Pointe is situated 20 miles south of Wa