The Franklin Johnston Group in Virginia Beach said Tuesday that it will begin construction in summer 2018 on a 248-luxury apartment project.
The site of Coastal 61 at Oxford Village is in a fast-growing area next to Virginia Wesleyan University and the Norfolk Premium Outlets shopping center, which opened in June. Coming soon to that same Northampton Boulevard/ Interstate 64 corridor is an Ikea store.
“The Coastal 61 project is important for us, and important for the entire region,” Franklin Johnston Group President and Chief Operating Officer Taylor Franklin said in a statement.
The new apartments will offer one-, two- and three-bedroom apartments across eight residential buildings. They would range in size from 833 square feet to 1,395 square feet. Rents would range from $1,200 to $1,800.