Construction on a new Richmond-based 105-acre mixed-use community project in Virginia, US, is set to start in the next few months.
Known as The Lake, the proposed project is moving ahead after the receipt of relevant permits and is well on-track for development.
Go deeper with GlobalData
Located at 3,400 Genito Road in Richmond, Virginia, The Lake will feature 150,000ft² of retail and entertainment space, 100,000ft² of office space and a 170-room hotel.
It will also include more than 1,000 apartments and new townhomes. Intended to become a destination for entertainment, recreation, business, hospitality and residency, The Lake expects to host over 200 events a year.
The project will be built in phases, with Flatwater Companies from Chesterfield County, Virginia, serving as the developer.
Under the project’s first phase, the developer has partnered with wave technology company American Wave Machines (AWM) for the PerfectSwell surf park.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFlatwater Companies co-founder Brett Burkhart said: “The Lake is more than just a new development. Our vision is to create a unique destination that will cultivate greater connections and shared experiences, with surfing being a key component.
“By partnering with AWM to create PerfectSwell Richmond, we can offer recreational surf for beginners as well as world-class surfing for elite athletes. PerfectSwell Richmond will be a global surf destination.”
PerfectSwell Richmond is expected to be constructed by late 2021.
AWM Global Strategy senior vice-president Mike Lopez said: “We’re extremely pleased to add The Lake to a quickly growing list of PerfectSwell surf destinations.
“Having recently announced PerfectSwell Surf Stadium Japan, scheduled to open June 2020, our vision for a global network of high-performance surf pools is materialising. PerfectSwell Richmond, with its grand vision, adds a key location to our expanding network.”
