Jefferson Apartment Group Buys Development Site In Ballston

After delivering a 22-story apartment tower in Ballston last year, Jefferson Apartment Group is launching another multifamily project in the neighborhood.
The developer, in partnership with Chilean investor Stars REI, announced Thursday it acquired the land for a 108-unit project at 1031 North Vermont St. Property records show the sale closed March 15 for $12.3M. 
The project is slated to include 98 apartments in a seven-story building and 10 for-sale townhouses. The developer said it plans to begin construction on the apartments in Q4 and deliver in summer 2023, and it is marketing the townhouse parcel to homebuilders. 
The apartment building is planned to feature…

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