Joint Venture Breaks Ground on 428-Bed Community Near Virginia Commonwealth University

Richmond, Va. — A joint venture between Balboa Real Estate Partners and The Opus Group has broken ground on Ascend Richmond, a 428-bed student housing community located near Virginia Commonwealth University in Richmond. The project will offer a mix of studio, one-, two- three- and four-bedroom units. Shared amenities will include an outdoor terrace with a swimming pool, an indoor fitness room and lounge areas. Rabren General Contractors is the general contractor for the project, a timeline for which was not announced.