Construction Begins on Senior Apartment Community Valued at $11 Million

Petersburg, VA- Humanities Foundation has begun the construction of Cavalier Senior Apartments. These apartments will consist of 80 units for seniors and will be located on Cavalier Drive near Crater Road in Petersburg, VA. They will be built at a cost of more than $11 Million. Cavalier Senior Apartments will be the first Senior Apartments developed in Virginia by Humanities Foundation. “Demand for quality affordable senior housing is on the rise and we look forward to creating a beautiful and affordable housing option for seniors in Petersburg”, said Tracy Doran, President of Humanities Foundation.

Cavalier Senior Apartments will consist of one attractive elevator- served three – story building with brick and cementious siding. On – site amenities include a community space with a meeting area, a computer room, an arts and crafts room, an exercise room, a central laundry facility, a gazebo and a garden area.

Cavalier Senior Apartments will be Earthcraft Platinum Certified and will be built utilizing Low Income Housing Tax Credits administered by the Virginia Housing and Development Authority. Construction and permanent financing is provided by Bank of America Merrill Lynch and Richman Group is the syndicator. Architectural services are provided by Martin Riley Associates and civil engineering services are provided by Timmons Group. Connelly Builders is the contractor.

Cavalier Senior Apartments is a joint venture with James Doran Company. It will consist of a mix of one and two – bedroom units and is situated near a wide variety of services and area amenities. Construction should take about 11 months. As with all of Humanities Foundation senior properties, a comprehensive program will be implemented to allow residents to age in place as effectively as possible. An on- site food pantry will be provided for the convenience of residents. Possible additional initiatives may include wellness screenings, transportation, educational seminars and recreational activities.

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