- acquisition date June 26, 2019
- June 26, 2019
- address112 Stonemill Drive Lynchburg, VA 24502
- 112 Stonemill Drive Lynchburg, VA 24502
- number of units216
- square footage224,970
Acquired in June 2019, Overlook at Stonemill is a 216-unit garden-style community located in Lynchburg, VA.
The property is comprised of one-, two-, and three-bedroom units featuring 9-foot ceilings, fireplaces, oversized walk-in closets, washers/dryers in every unit, and balconies. Community features include a resident clubhouse, a resort style swimming pool, a 24-hour fitness center, an outdoor pavilion with grilling stations, and a children’s playground.
Overlook at Stonemill is situated within easy driving distance to employment centers, retail, schools, and restaurants. Complete plans and approvals are in place for the future development and all utilities have been brought to the site.
Lynchburg is rapidly growing as Central Virginia’s urban center for commerce and culture. Forbes Magazine named Lynchburg one of the “Top 50 Best Places for Business and Careers” with a diverse employment base including health care, retail trade, and education. Lynchburg’s diverse higher education system includes Liberty University, Central Virginia Community College, Randolph College and the University of Lynchburg. Liberty University and its auxiliary enterprises generate over $1 billion in annual economic activity and employ 6,800 people.