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Haven's phase two leasing office opens
The leasing office in the second phase of the Haven apartment complex in Fredericksburg's Celebrate Virginia South development opened last week, and will be overseen by the former manager of a rival apartment development in the city.
Johnson Development Associates chose Jennifer Marsh, former manager of The Apartments at Cobblestone Square downtown, to manage the 250-unit second phase of the Haven at Celebrate Virginia.
Late last year, JDA sold the first Haven phase at Celebrate Virginia, which included 232 units and is next to the second phase off Gordon W. Shelton Boulevard, for $39.4 million to real estate investment trust MAA. That part of the development has since been renamed Seasons at Celebrate Virginia. Work is expected to be completed this spring.
Johnson Development recently held a grand opening at the company's 260-unit Haven community next to Spotsylvania Regional Medical Center. That community is about 60 percent leased, JDA executive Ben Graves said. That's not as fast as the first phase of the Haven at Celebrate Virginia was leased, but Graves said he is pleased with the performance. Graves noted that there are now more options in the area for newer, more upscale apartments compared with when the first phase of the Haven opened a couple of years ago.
One of those communities, Cobblestone Square off Lafayette Boulevard, has also seen strong rental results. Home Properties Inc., which owns that complex, plans to hire a replacement for Marsh.