Colonial Ridge Apartments is a 292-unit development with 192 units subsidized through a HUD project-based Section 8 contract and 100 units preserved through Low Income Housing Tax Credits. The property is located at 15101 Lorimer Road, Colonial Heights, VA, 23834. The property was originally constructed in 1979, remodeled in 2015 and offers one, two, and three-bedroom units. All units are located within 3 high-rise buildings. Common amenities will include a new swimming pool, exercise facility, dog park, playground, and laundry room. Colonial Ridge Apartments was acquired by PPD in December 2017 for $28,200,000. Renovations on the property will begin March 2018.