With several other projects in the works around Virginia, a New Jersey senior development firm is planting its flag in Chesterfield County with a mix of units, including homes, on about 20 acres.
Commercial Real Estate
Double apartment deal fetches $17M
A pair of apartment complexes with a combined 215 units in Prince George and Colonial Heights were sold late last month to a Missouri-based company.
String of Fan, Museum District apartments pull in $6.3M
A batch of apartment properties, once belonging to convicted local developer Billy Jefferson, have been handed off to a variety of buyers, with some to be renovated back into single-family homes on Monument.
West End retail center sold, upgrades on the way
A Florida firm has made its first deal away from home with the $2.3 million purchase of a recently foreclosed shopping stretch on Staples Mill Road and is planning to revamp the property.
Jefferson’s last big project falls to lender at auction
On the third attempted auction this year, the lender on an apartment project developed by jailed developers Billy Jefferson and Justin French has reclaimed the property as Thursday’s sole bidder.
New owners pouring $50M into Stony Point
The Southside shopping center is set to undergo major changes to its outdoor space and hopes to lure in new tenants, including restaurants and a craft brewery.
State agency weighing options for HQ move
Coinciding with a larger state real estate shuffle downtown, a Virginia agency is testing the waters of the downtown market as it considers vacating its longtime home on Main Street.
Real estate firm closing in on $30M raise
A Southside real estate management company is just waiting on final approval from the SEC so it can launch a stock offering at about $15 a share under recently changed federal rules.
Grove Ave. strip sold for $3.6M
A trio of retail properties has been sold to a group of local investors, who are now in a prime spot near another redevelopment project in the Libbie-Grove area.
Final shreds of Jefferson holdings pushed toward auction
As infamous developer Billy Jefferson’s last big property is once again facing auction, the owner of one of his other apartment projects has dug up several smaller parcels and is urging their foreclosure.