Dragas Cos. plans 150-home development in Chesapeake
The project will have single-family houses
Virginia Beach-based Dragas Cos. will break ground on a single-family residential development project in Chesapeake in 2022.
The project, named Crestfield, will lie on 65 acres off Elbow Road near Centerville Turnpike North. It will have 150 single-family homes of roughly 2,450 to 2,800 square feet each. The houses are expected to sell in the mid-$400,000 range. The development will have two lakes, pocket parks and access to the city park.
Chesapeake City Council rezoned the land in late July. The council approved the funding, and the project is in the design stage. It will eventually add four lanes to Elbow Road.
“It will be a pleasure to continue working within the city of Chesapeake,” Nick Baum, Dragas Cos. vice president of planning and business development, said in a statement. “We believe Crestfield will be a high quality, much-needed addition to the housing stock within this area.”