Thalhimer Realty Partners snaps up property near The Diamond for $2M

A two-story warehouse adjacent to local distillery Virago Spirits recently sold to Thalhimer Realty Partners for $2 million. (Mike Platania photo)

Developer interest in the area just east of Scott’s Addition near The Diamond continues to swell.

Thalhimer Realty Partners last month purchased 1717 Rhoadmiller St. and 2510 Hermitage Road for $2 million, per city property records.

The deal, which closed Aug. 24, includes a 28,000-square-foot warehouse that remains home to Free Run Wine Merchants and Empire Marble & Granite Co. The parcels, which were most recently assessed at a combined $1.9 million, total about one acre.

It’s unclear what TRP’s plans are for the property. TRP principal Matt Raggi wasn’t available for comment last week.

The seller in the deal was Metro Properties Inc., a local real estate investment and property management firm. Metro President James Wright was also unavailable for comment.

While TRP has been active in the area around The Diamond in recent years, this is its first deal on Hermitage Road.

Last year, the company spent nearly $8 million on the former Idealease truck rental and Wesco Distribution sites directly across from The Diamond.

The Idealease site at 3064 N. Arthur Ashe Blvd. is planned to eventually house a new restaurant and retail development dubbed Scott’s Walk. TRP had the Wesco land rezoned this spring, but no plans have been filed to date. In 2018, TRP bought the nearby former PET Dairy facility at 1505 Robin Hood Road for $5.5 million.

It’s not just TRP that has its sights set on that Hermitage Road area.

An affiliate of Virginia Beach-based The Breeden Co. recently filed plans for a $53 million mixed-use project on the Cobb Lumber site at 2300 Hermitage Road. Across the street, Louis Salomonsky and David White’s Historic Housing continues work on a second phase of The Cooperage at 1650 Overbrook Road.

To the east, a major project from Spy Rock Real Estate Group and Crescent Preservation & Development Co. is transforming the area surrounding Hardywood Park Craft Brewery’s recently renovated location near the intersection of Ownby Lane and Overbrook Road. Dubbed “Brewer’s Row,” it will add about 200 apartments, dozens of condos and additional commercial space to the area.

A two-story warehouse adjacent to local distillery Virago Spirits recently sold to Thalhimer Realty Partners for $2 million. (Mike Platania photo)

Developer interest in the area just east of Scott’s Addition near The Diamond continues to swell.

Thalhimer Realty Partners last month purchased 1717 Rhoadmiller St. and 2510 Hermitage Road for $2 million, per city property records.

The deal, which closed Aug. 24, includes a 28,000-square-foot warehouse that remains home to Free Run Wine Merchants and Empire Marble & Granite Co. The parcels, which were most recently assessed at a combined $1.9 million, total about one acre.

It’s unclear what TRP’s plans are for the property. TRP principal Matt Raggi wasn’t available for comment last week.

The seller in the deal was Metro Properties Inc., a local real estate investment and property management firm. Metro President James Wright was also unavailable for comment.

While TRP has been active in the area around The Diamond in recent years, this is its first deal on Hermitage Road.

Last year, the company spent nearly $8 million on the former Idealease truck rental and Wesco Distribution sites directly across from The Diamond.

The Idealease site at 3064 N. Arthur Ashe Blvd. is planned to eventually house a new restaurant and retail development dubbed Scott’s Walk. TRP had the Wesco land rezoned this spring, but no plans have been filed to date. In 2018, TRP bought the nearby former PET Dairy facility at 1505 Robin Hood Road for $5.5 million.

It’s not just TRP that has its sights set on that Hermitage Road area.

An affiliate of Virginia Beach-based The Breeden Co. recently filed plans for a $53 million mixed-use project on the Cobb Lumber site at 2300 Hermitage Road. Across the street, Louis Salomonsky and David White’s Historic Housing continues work on a second phase of The Cooperage at 1650 Overbrook Road.

To the east, a major project from Spy Rock Real Estate Group and Crescent Preservation & Development Co. is transforming the area surrounding Hardywood Park Craft Brewery’s recently renovated location near the intersection of Ownby Lane and Overbrook Road. Dubbed “Brewer’s Row,” it will add about 200 apartments, dozens of condos and additional commercial space to the area.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected]

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMEBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments