New high-end houses are on the horizon for a West End neighborhood.
Bel Arbor Builders and Creative Home Concepts are building the remaining 13 houses in the Raleigh housing development off River and Sleepy Hollow roads in Henrico County. The new houses start in the $800,000s.
The two homebuilders purchased the lots from Orleans Homes last spring as Orleans scaled back its Richmond holdings, said Bryan Smith, co-owner of Creative Home Concepts. Raleigh RVA, the company that Bel Arbor Builders and Creative Home Concepts formed for the purchase, bought the lots for $2.01 million in June, according to public records.
Raleigh, started by Orleans in 2007, is located adjacent to the Sleepy Hollow development and not far from Collegiate School.
Long & Foster Realtor Pam Davis, who sells Raleigh homes, said the subdivision has 48 lots that are between half-acre and an acre in size. One of the 13 lots Bel Arbor and Creative Home Concepts acquired has been sold and a house there is currently under construction. Another lot just went under contract, Davis said.
The main draw she said, is “its location, being right there off River Road and Parham and Sleepy Hollow,” Davis said. “There really are no other lots available [there] for new construction.”
The new houses have at least 3,800 square feet of finished, above-ground living space, Davis said. Lakefront or basement properties are available.
Raleigh is one of several local developments nearing the finish line with new houses.
Cedar Grove, off Hungary Road in Henrico, is building its final homes.
In Midlothian, Winchester Homes recently began the last section of Founders Bridge.