From leased apartment homes in Sumter, S.C., to cottages developed along the Chesapeake Bay in Norfolk, Va., each Frye Properties’ community is defined by the “FRYE FACTOR” – attention to detail, quality living, unbeatable architectural integrity and peace of mind.
This award-winning, waterfront community in Norfolk, Virginia, fosters front-porch congeniality mixed with brilliant sunrises and tranquil sunsets where the Chesapeake Bay meets the Atlantic Ocean. At the heart of this exceptional neighborhood is a canvas of breathtaking views and beautifully crafted, luxury homes designed to perfection and built in the timeless architectural style of traditional Atlantic Coastal villages. Explore more: www.eastbeachnorfolk.com
Inspired by the same visionary aspirations that created the Cavalier Shores of the 1930s, The Cavalier Residences evoke nostalgia for beach-life gone by. A team of internationally recognized land planners have developed an inspired scheme that seamlessly interweaves and complements this new community with The Grand Cavalier Hotel on the Hill. Explore more: www.cavalierresidences.com
This new housing type – Carriage Homes – created exclusively by Frye Building Corp. has been successfully integrated into the East Beach neighborhood in Norfolk, Va. The Mews offers right-sized, comfortable living with its 1,300- to 1,800-square- foot homes. Owners reap superior building standards, an award-winning community and entitlement to all East Beach amenities. Click to Take a Tour
Explore Our other Carriage Homes: http://www.eastbeachnorfolk.com/carriagehomes/index.php
This new housing type – Carriage Homes – was successfully integrated into the East Beach neighborhood in Norfolk, Virginia, by Frye Building Corp. The 1,130- to 1,500-square-foot homes offer convenience and affordable right-sized living with the required superior building standards and entitlement to all East Beach amenities. Click to Take a Tour
Explore Our other Carriage Houses: http://www.eastbeachnorfolk.com/carriagehomes/index.php
EAST BEACH VILLAS AT PRETTY LAKE – Norfolk, Virginia
East Beach Villas at Pretty Lake provide the neighborhood’s first condominiums with one-, two- and three-bedroom luxury residences with gourmet kitchens, loft space, washers and dryers, upscale appliances, hardwood floors, granite counter tops, walk-in showers and ceramic private baths, walk-in closets, carports and private balconies overlooking the marinas.
The condominium homes are also just a walk away from the beach and bay-front greens along the Chesapeake Bay. The neighborhood’s Bay Front Club with bay-front pool and fitness club is available to purchasers. East Beach Villas at Pretty Lake are being marketed by East Beach Realty. Explore more: www.eastbeachvillasnorfolk.com
This 168-unit apartment community was acquired in 1992. It is strategically located within walking distance of the Chesapeake Bay beaches and within five minutes from Norfolk Naval Base, Little Creek Amphibious Base, shopping, and restaurants. A major $2.9 million renovation was financed by the Virginia Housing Development Authority and completed in 2003. The renovation included interior and exterior improvements, which helped to reposition the property in the market. The apartment community has since generated substantial rent increases, and the value of the neighborhood has been enhanced significantly. Explore more: www.admiralsway.com
This 223-unit apartment community was purchased and renovated in 2001 through owner equity and a FHA-insured loan from the Department of Housing and Urban Development. As part of the financing and purchase package, more than $2.3 million was expended in the renovation, which was completed in early 2002. This work involved extensive interior refurbishments such as new kitchens, baths, flooring and fixtures. Exterior enhancements included new windows, site lighting, fencing and the construction of a clubhouse, office and workout facility. These improvements, combined with intensive management, have made Chelsea one of the most desirable communities in the Newport News/Williamsburg market. Explore more: www.chelseaatleehall.com
GLENDALE HOMES – Virginia Beach, Virginia
These 10 single family townhome style units are spread throughout a large single-family home community. They are non-owned, fee-managed units. The community is centrally located for easy access to shopping, work, and the interstate, as well as Virginia Wesleyan College. Frye Properties has successfully managed these units since 2001.
HILTON HEAD GARDENS – Hilton Head, South Carolina
This 112-unit apartment community was purchased in 1989 with owner equity and assumption of a HUD/FHA-insured loan. Constructed in 1979 and 1980, the apartments are occupied by residents assisted under the federal government’s Section 8 Program. This very attractive property is subject to independent, semi-annual inspections by the South Carolina Finance Agency and private inspection firms retained by the Department of Housing and Urban Development, all of which complement regular inspections by site personnel.
The 112-unit Jasmine Place was purchased in 1988. Major renovations worth $2 million have repositioned this property from one assisted by HUD to a competitive market-rate complex. Renovations include new kitchens, baths, fixtures and floors. Exterior renovations will include new windows, breezeway upgrades and the construction of a pool and community center, among other enhancements, all of which will facilitate rentals in the Savannah conventional housing market. Explore more: www.jasmineplace.com
This 112-unit apartment community has been managed by Frye Properties, Inc., since it was purchased in 1989. These apartments were constructed in 1980 originally under the auspices of the Department of Housing and Urban Development’s Section 8 Housing Assistance Payments Program. The community was converted to a market rent community in 2003. In conjunction with this conversion, the community is undergoing extensive interior and exterior renovations worth $1.2 million, as well as the construction of a new pool and fitness center. Explore more: www.magnoliamanorsumter.com
A private entrance to this 434-unit gated apartment community welcomes residents to two and three- bedroom townhomes. The location is a half mile from the beaches on the Chesapeake Bay and a short distance to shopping, entertainment and the Norfolk Naval Base. The townhomes are well-appointed with wall-to-wall carpet, walk-in closets, washer and dryer hook up, fully-equipped kitchens, two full baths, dishwasher, central air and heat, and fenced, private back yards. The neighborhood amenities include a swimming pool, clubhouse and fitness center. This award-winning community had a $20 million refurbishment in 2001. The work included the replacement of every structural component, above and below ground, with the exception of studs, joists and rafters. The project was financed with proceeds from the sale of tax exempt and taxable bonds and proceeds from federal tax (LIHTC) credits. This reconstruction has been a major factor in the ongoing renaissance of the Ocean View area of the Chesapeake Bay in Norfolk. Mariner’s Watch was the recipient of the Tidewater Multifamily Housing Council award as the most outstanding large property rehab for 2001. Explore more: www.marinerswatchapartments.com
The 112-unit Ocean Pebbles apartment community was purchased in 1989. It sits within walking distance of the Virginia Beach boardwalk on the Atlantic Ocean. The community offers spacious floor plans, balconies and enclosed private patios. It is just minutes from I-264, Dam Neck, Fort Story, Oceana Naval Bases, and Rudee Inlet. This property was refinanced in 2000 with the proceeds from a Virginia Housing Development Authority loan. At that time, renovations were undertaken to upgrade the apartments to take advantage of the very attractive and competitive Oceanfront market. This work included the replacement of existing roofs and existing cedar shake mansards, the replacement of windows and interior upgrades, including replacement of bath amenities and fixtures. As a result, Ocean Pebbles continues to compete very effectively in the Virginia Beach multi-family rental market. Explore more: www.oceanpebbles.com
OCEAN LAKES – Virginia Beach, Virginia
These 22 single family town home style units are spread throughout a large single family home community. They are non-owned, fee-managed units located in Virginia Beach, Virginia. The community has access to 5 pools, several parks for recreation, and is only a few miles from the beach. Frye Properties has successfully managed these units since 2001.
This 160-unit apartment complex is located in the Wards Corner area of Norfolk. The apartments were completely refurbished in 1999 and 2000 through an FHA/HUD loan. The $2.8 million rehabilitation included the complete replacement of walls, floors, kitchens, appliances and every other interior component of the existing buildings. Electrical and plumbing systems were upgraded and new heating and air conditioning systems were installed. Exterior rehabilitation included the replacement of roofs, exterior doors, additional lighting, gables, soffits, facias, gutters, rebuilding porch stoops, canopies, underground electric lines and new landscaping. The renovations boosted the revenue on the property and the property consistently maintains high occupancy. Explore more: www.sterlingoaksnorfolk.com
STONEBRIDGE MANOR – Norfolk, Virginia
Stonebridge Manor is a fee-managed apartment complex. Frye Properties began management of this beautiful 156-unit, seniors’ tax-credit community in 1990 and successfully assisted the owner in achieving tax credit compliance which continues today. Stonebridge Manor continues to be a thriving senior conventional community.
STUART GARDENS I & II – Newport News, Virginia
These combined 491 unit complexes have been managed by Frye Properties, Inc. since 1990. Rents are assisted by the federal government through the Section 8 housing program administered by the Virginia Housing Development Authority. The property sits on a beautiful 52-acre site on the Hampton Roads Harbor and represents a great opportunity for future development.
This 416-unit apartment complex is situated adjacent to the campus of the University of Virginia. It was purchased in 1985 and has been managed by Frye Properties, Inc. since acquisition. This property is the flagship student housing community property in Charlottesville. The apartments were extensively renovated in 1999 and 2000 for $5 million. The strategic location and property enhancements have allowed the neighborhood to compete successfully in the Charlottesville/Albemarle County market. Explore more: www.uheights.net
The Villas at Southern Ridge is a 240-unit community of blended condominium owners and condominium rentals situated on a hillside in Albemarle County located less than 2 miles from the University of Virginia. This community offers breathtaking views of the surrounding mountains, once home to Thomas Jefferson. Renovations include extensive interior and exterior improvements, as well as the construction of a new 3,600-square-foot community center with raised hearth fireplace, state-of- the-art fitness center, kitchen for parties, and game room. Other amenities include two tennis courts and children’s playground. Product, visual appearance and pricing make this community an exceptional opportunity for prospective renters. Explore more: www.villasatsouthernridge.com
The Villas of Oakwood North is a 159-unit community of blended condominium owners and condominium rentals. Renovated in 2007, the 2-bedroom, 1-bath brick condos had extensive interior and exterior improvements bringing the final product to new construction standard. Product and pricing of this community offer very attractive affordable rental opportunities. Explore more: www.villasatoakwood.com
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