A Henrico-based firm bought the 373-unit development, which opened to residents a year ago. The cost was $277,000 per door, the region’s largest in 12 months.
Eight-figure flip: Newly built West Creek apartment complex fetches $103 million
Commercial Real Estate
Medical marijuana facility taking shape on the Southside
With a state-mandated deadline approaching, the backers of one of the state’s first medical marijuana facilities are kicking construction into high gear.
Decision on 2nd Dominion tower looms large over Navy Hill project
Dominion Energy’s apparent indecision on whether it will build a second downtown office tower to replace the one it plans to raze early next year could significantly impact the proposed Navy Hill development that its CEO is spearheading, potentially determining how much city tax revenue would go toward paying for a new arena – and how long it might take to pay down debt on the venue.
Ohio-based firm plans 250 apartments on vacant Innsbrook land; dubbed ‘Silver Hills’
The run on new apartment development in the established Henrico office park continues to gain traction.
Bank grabs more space in James Center for Richmond HQ
Less than two years into its run in Richmond, a South Carolina-based bank is bulking up its presence downtown, in a move that will allow it to offload an Innsbrook office building.
$40 million Main2525 project taking shape in the Bottom
The ceremonial crane hoisting of a vintage Airstream trailer marked a milestone this week in construction of one of the new additions to the Shockoe Bottom apartment market.
Hardywood completes capital raise to help fund new restaurant
As plans for a restaurant on its Goochland campus heat up, a local brewery has pulled in a cash haul from investors to keep the project cooking.
Local real estate team breaks off to launch own brokerage in Scott’s Addition
After a five-year run with a national brand, a local residential real estate team has struck out on its own, complete with an office move to the city’s hottest neighborhood.
The Spur in Scott’s Addition tops off tenant list
With one last round of tenants signed on, a new office redevelopment in Scott’s Addition has filled out.
Burger joint, coffee shop swapping space in Stratford Hills
A national burger joint soon will be stuffing itself into a Southside shopping center, taking over for a coffee shop chain that is moving across the street.