Bainbridge Companies has started construction on Bainbridge Midlothian, its first project in the Richmond market, alongside local developer LBD Investments. The residential development is situated on a 26-acre site north of the Midlothian Walmart, consisting of six buildings with 310 units, along with a clubhouse and parking lots. The buildings range from three to four stories, with the complex offering one-, two-, and three-bedroom floor plans, ranging in size from 700 to 1,500 sq ft. The project is set to complete in mid-2024, with the first units ready by the first quarter of 2024. Amenities include a pool, sundeck, pickleball court, and pet spa, with 10,000 sq ft dedicated to interior spaces.

“We love to focus on well-located suburban apartments, but opportunities can be few and far between in the Richmond market, certainly for a group that hasn’t necessarily broken in,” said Bainbridge Companies’ Senior Vice President Greg Cavanaugh. “It just took some time, and we were fortunate enough to have the opportunity to get involved with this site.”

The local developers behind LBD Investments, Randy Cosby and Chris Jenkins, brought the site to Bainbridge Companies’ attention. “We talked with the owners and basically looked at it through a different lens, because there had been some prior attempts to develop the property that just didn’t work out. I think it was just figuring out that it really should be multifamily that helped it happen this time,” said Randy Cosby.

Bainbridge Companies is a 26-year-old company that has developed thousands of apartments in Florida and up the East Coast to Maryland. The Midlothian project is set to be completed in mid-2024, with the first units ready by the first quarter of that year. The development will add to a portfolio that includes the Bainbridge 3200 apartments in Suffolk, Virginia.