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Cresset Joins Development Team on the Ace Project in Fast-Growing Richmond Neighborhood

The 295-Unit Apartment Building Is Scheduled To Break Ground This Quarter in Scott's Addition
The Ace Apartments is expected to welcome its first residents in early 2025. (Courtesy of Cresset Partners)
The Ace Apartments is expected to welcome its first residents in early 2025. (Courtesy of Cresset Partners)
By CoStar News Staff
August 11, 2023 | 4:53 P.M.

A new joint venture team is set to break ground later this year on a 295-unit apartment project in Scott's Addition, the latest multifamily development cued up for the former industrial district that has emerged as one of the fastest-growing neighborhoods in Richmond, Virginia.

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