Council newcomers Sarah Abubaker and Kenya Gibson voted against the budget, reiterating their frustrations about the process and the amount of time allowed for them to review and attempt to revise it.
Legal wrangling over funds at the center of the stalled GreenCity development in Henrico is delaying the county from not only reclaiming the property but also initiating the process to find a new developer for the project.
Godsey Properties is looking to replace 41 detached homes with 99 townhomes at the massive development, which is approved for nearly 900 homes across 150 acres off Williamsburg Road.
While a $9 million deal for nearly 150 acres in western Henrico could not be beat, the area’s high-end housing market saw several other multimillion-dollar sales, including two in the city around $3 million.
The principals of Richmond-based Clachan Properties recently wrapped up a yearlong conversion of the former Ambience Lofts at 1716 Summit Ave., which they’ve rebranded as Hook & Ladder Lofts.
The 4,600-square-foot building would be built on the triangular-shaped lot across Parham Road from where Bank of America had a standalone branch at the mall until 2015.
The change would make 21 buildings in the existing 129-acre district eligible for state and national historic tax credits, and would add five more buildings in the proposed expansion area.
Johnny Phan and Joey Schihl, colleagues for years at One South Realty Group, collaborated on the documentary film that premieres locally this Saturday at The Byrd Theater.
The EDA says the arena-anchored project’s former developers have “refused” to convey the former Best Products property since ASM Global filed a summons seeking to collect $1.5 million from the developers.
Nearly 30 area businesses have applied for the federal loans since they were announced two weeks ago. Meanwhile, Richmond announced $500,000 in recovery grants are being awarded to 117 businesses.
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