A new independent living community, Avery Point by Erickson Senior Living, is set to open after two years of construction. Erickson Senior Living developed the community and will operate it going forward. Eventually, the IL portion will be part of a massive 1,400-unit CCRC on 94 acres in Goochland, Virginia (Richmond MSA). Construction started in 2019 with Phase I consisting of 216 independent living apartments in one- and two-bedroom configurations. Erickson announced that Phase I is already filled to capacity and they are expecting the Phase II developments to be sold out as well.
Moseley Architects is the architect for the $500-million-dollar development project, which should come out to around $360,000 per unit. Brinkmann Constructors is the general contractor. Avery Point’s rents range from $1,970 for a one-bedroom, one-and-a-half bath unit with patio/balcony up to $3,746 for a two-bed, two-bath corner unit with morning room and balcony.
