';

Norfolk, VA

Watermark at Talbot Park
The Watermark at Talbot Park
Recommend
  • Facebook
  • Twitter
  • Google +
  • LinkedIN
Share
Tagged in
Overview

Built in 2016, The Watermark is a 180 rental apartment community in the Wards Corner submarket of Norfolk, VA. It is strategically located between a destination life-style retail center and the Norfolk Naval Base. Watermark occupies a 5 acre riverfront site in close proximity to local schools, Bon Secours Hospital and the Norfolk Recreational Center. The property includes a mix of studios, one, two and three bedroom apartments with generous surface and covered parking. Amenities include a saltwater pool, outdoor gourmet kitchen with gas grills, a fitness center, kayak dock and private conference workspace. 

Watermark represents the initial phase in the comprehensive redevelopment of a 20-acre peninsula where a 1940’s apartment community stood previously. Collins master planned the entire site, which has been re-envisioned with newly constructed rental apartments, townhomes and condominiums, each positioned to take advantage of waterfront views and shared amenities along the Lafayette River.

Partners

Hunt Investment Partners, co-general partner HQ Capital PNC Bank, Lender

Financials

Project cost: $26.7 mm Projected 2017 NOI: $1.6 mm

VIEW PROPERTY WEBSITE