Weinstein Properties buys Goochland apartment complex for record $115 million

Weinstein Properties has bought 2000 West Creek for $115 million, a deal that puts 373 Goochland apartments under new ownership and resets the county’s commercial real-estate record. At about $303,000 per unit, the price underscores how valuable West Creek has become to investors watching the west side of metro Richmond.

The sale also gives residents an immediate question to watch: whether the new owner will keep management steady, invest in amenities, or eventually reposition the property for another transaction. No operational changes were announced with the deal, but a transfer of this size often affects capital improvements, tenant turnover and the pace at which nearby land attracts more development.

Capital Square sold the complex after buying it in 2019 for $103 million from its developer, Tennessee-based Bristol Development Group. The 2018-built property had already been marketed as an award-winning Class A community, and its 373 one- and two-bedroom apartments were then described as the largest apartment transaction ever in Goochland County. Weinstein’s purchase topped that mark and became the highest single real-estate sale ever recorded in the county.

The deal lands in the middle of West Creek’s rise as Goochland’s economic engine. County community development materials describe West Creek as a 3,500-acre, campus-style business park and the county’s principal economic driver, with major employers including Capital One, CarMax, the Virginia Farm Bureau and Performance Food Group. County transportation planning has also focused on the area, including a Route 288 West Creek Interchange Study and a broader West Creek Area Transportation Access Study, reflecting the strain that growth can put on roads and access points.

That pressure is likely to intensify. Goochland’s eastern side is already being discussed as part of a proposed precinct that would include residents of Avery Point Senior Living, 2000 West Creek and the Retreat at West Creek. County economic-development materials also point to Eli Lilly’s planned $5 billion facility in West Creek Business Park, a project expected to bring 1,800 construction jobs and 650 permanent jobs. More jobs and more housing demand typically feed each other, and the apartment market around Route 288 is already pricing in that expectation.

Weinstein Properties, founded in 1952, says it now owns and manages more than 20,000 apartment homes and has been expanding through acquisitions and development. Its $102.1 million purchase of The Collective West Creek in 2025 showed the firm was already building a larger position in the submarket; the new $115 million deal makes that bet even more visible in Goochland.