Bonaventure breaks ground on 344-unit housing project
TL;DR: Bonaventure has broken ground on Attain at Swift Creek, a 344-unit apartment complex on Greenyard Road expected to open its first units in early 2028.
Quick facts
- Who: Bonaventure, an Alexandria-based multifamily developer
- What: Groundbreaking on 344-unit Class A apartment complex
- When: 2026; first units expected early 2028
- Where: 6805 Greenyard Road, Chesterfield County (Swift Creek submarket)
The story
Bonaventure has begun construction on Attain at Swift Creek, a $93.3 million apartment complex with 344 units on Greenyard Road in Chesterfield County. The Class A community will offer a mix of one-, two-, and three-bedroom residences averaging 1,058 square feet, situated adjacent to the Kroger Iron Bridge Marketplace in the county's Swift Creek submarket.
The project is financed through a 40-year fixed-rate HUD Section 221(d)(4) loan originated by Walker & Dunlop. Bonaventure is backing the project on its balance sheet during construction while pursuing a long-term equity partner. First unit deliveries are expected in early 2028.
Chris Cobb, president of Bonaventure Development, noted that "Chesterfield County has quietly been one of the strongest housing markets in the country." This marks the firm's largest development to date and its third Attain brand groundbreaking of 2026, following projects in Chesapeake and Norfolk. The three 2026 developments are delivering nearly 950 Class A apartment homes with a combined total investment of $246.2 million across Virginia.
Key players
- Bonaventure: Developer; manages over $2.9 billion in assets
- Walker & Dunlop: Originator of 40-year HUD Section 221(d)(4) loan
- Chris Cobb: President of Bonaventure Development
Key dates
- 2028 Q1: First unit deliveries expected
The case for
Housing demand in Chesterfield County remains strong, and apartment development adds to the residential inventory available to renters seeking Class A amenities in the area.
The case against
New multifamily development intensifies traffic and infrastructure demand on already-busy corridors; the project's scale and timing may strain local schools and services depending on household composition and occupancy patterns.
Why it matters: Chesterfield's residential market continues to expand with major new apartment stock, reflecting sustained population growth and offering housing options for renters while adding property tax revenue to the county.
Places
Development timeline
- 2026-08-26Bonaventure breaks ground on Attain at Swift Creek: 344-unit Class A apartment complex on Greenyard Road; $93.3 million development; first units expected early 2028 [source]
Related links
- Virginia Business: Bonaventure starts work on $93.3M Chesterfield multifamily project
- Chesterfield County Active Projects
Read the original at Virginia Business →
Sources
- Virginia Business: Bonaventure starts work on $93.3M Chesterfield multifamily project
- GlobeNewswire: Bonaventure Breaks Ground on $93.3 Million Development