Sphere Apartments Richmond
Sphere Apartments
Richmond, Virginia
Sphere Apartments 2009 Brook Road Richmond VA 23220
Sphere Apartments is a 224-unit market-rate rental project located at 2009 Brook Road in the core of Richmond, Virginia and that will open in September 2022.
Sphere Apartments will offer 224 units consisting of studio, one- and two-bedroom market-rate apartments within two (2) four-story, elevator-served residential buildings.
The unit amenity package and technology package will be superior and state of the art. This property will set itself apart by the massive luxury finishes, technology, and amenity packages unlike any in the immediate area.
Community amenities will include on-site management, a swimming pool, fitness center, dog park, resident park, and a bike storage area and a business center. A surface parking lot with 301 spaces will be available to the residents with additional spaces available for rent.
- Adjacent to I-64 and I-95 and 5 minutes from Downtown Richmond, the Property benefits from unparalleled connectivity throughout the metro area.
- The Property is also within a five-minute drive to Virginia Union University, Virginia Commonwealth University, and over 1.8MM SF of retail space.
- A tri-fecta of growth factors including universities, government, and a business-friendly environment have created dramatic population growth since 2000 (34%) and sustained apartment rent growth.
- Sphere Apartments are poised to benefit from the positive rental and economic tailwinds throughout the Richmond market. Richmond added more jobs in 2021 than in 2020 and 2019 combined and continues to grow dramatically due to the influx of millennial renters and positive corporate and employment trends.
- Despite the fact the Richmond market has recently experienced record levels of deliveries, the submarket has continued to see rent growth of over 3% over the last two years and is on pace to do so again in 2022.