Formerly owned by disgraced landlord Billy Jefferson, the 19-building, 207-unit assemblage sold for $31 million in 2018 and just sold again for nearly $41 million.
Apartment portfolio in Fan, Museum District sells for second time in 4 years
Mike Platania
Mike Platania joined BizSense in December 2016. He covers commercial real estate, restaurants and breweries. He graduated from Virginia Tech. Reach him at [email protected] or (804) 554-6872.
Billy Pie shuts down on Patterson Avenue in favor of Manchester
“We’d outgrown that space, mainly from the frozen pizza perspective. That part of the business has taken off and I’ve been unable to meet the demand from there,” said owner Billy Fallen.
Boarded-up Church Hill building to be replaced with mixed-use project
Developer Josh Bilder is getting back in the game at the intersection of East Clay Street and Jefferson Avenue.
Innsbrook-based firm pays $89M for Short Pump apartment complex
In addition to buying the 350-unit Trails at Short Pump for $255,000 per door, Henrico’s Capital Square also broke ground on a high-end hotel out of town.
Thalhimer sells Hull Street property to local investor group for $7M
The Motorworks at City View apartment building was originally redeveloped by Genesis Properties, which sold it to Thalhimer in 2019 for $4.3 million.
Two entire city blocks in Manchester in play for new development
A South Carolina-based firm is planning its second sizable project in the neighborhood, while a seasoned Richmond developer is fielding offers for a block it rehabbed a decade ago.
New York firm back for seconds in Richmond with $77M apartment deal
After spending more than $200 million in the region already this year, the firm appears to have at least one other local deal in the works.
Fan/VCU/Museum District development map
This map tracks new developments in the Fan, near VCU, the Museum District and Carver.
Short Pump/Innsbrook development map
This map tracks new developments in Innsbrook and Short Pump in Henrico, along with the West Creek area of Goochland.
Westwood/West End development map
This map tracks new development in the Westwood area of Henrico and around the West End close to the city.