A townhome development off Forest Hill Avenue just south of Powhite Parkway is beginning to go vertical.
Construction has started on the first row of townhomes for Riverside Heights, a 59-unit, $2.5 million development near the intersection of Forest Hill Avenue and Bliley Road.
Site work for the project got underway this spring. The 10-acre project is a partnership between developer Devon USA and an unnamed investor, who bought the parcels involved from multiple owners in the mid-2000s for about $800,000.
Ryan Homes is building the two-story townhomes, which will range in size from 1,500 to 2,000 square feet or more. Each unit will include three bedrooms, 2½ bathrooms and a detached garage, and larger units will feature a first-floor master bedroom. The model under construction is set to open in mid-January.
As of early December, Ryan Homes had sold 12 of the 59 units, which are being priced starting in the low $200,000s. Sales started in mid-May.
The project is a departure for Devon USA, which primarily focuses on commercial real estate. The company owns and manages a portfolio of commercial properties and has developed several sites, including the four Enterchange buildings at Northlake Business Park in Hanover County.
A townhome development off Forest Hill Avenue just south of Powhite Parkway is beginning to go vertical.
Construction has started on the first row of townhomes for Riverside Heights, a 59-unit, $2.5 million development near the intersection of Forest Hill Avenue and Bliley Road.
Site work for the project got underway this spring. The 10-acre project is a partnership between developer Devon USA and an unnamed investor, who bought the parcels involved from multiple owners in the mid-2000s for about $800,000.
Ryan Homes is building the two-story townhomes, which will range in size from 1,500 to 2,000 square feet or more. Each unit will include three bedrooms, 2½ bathrooms and a detached garage, and larger units will feature a first-floor master bedroom. The model under construction is set to open in mid-January.
As of early December, Ryan Homes had sold 12 of the 59 units, which are being priced starting in the low $200,000s. Sales started in mid-May.
The project is a departure for Devon USA, which primarily focuses on commercial real estate. The company owns and manages a portfolio of commercial properties and has developed several sites, including the four Enterchange buildings at Northlake Business Park in Hanover County.