“I think getting the buildings demoed will be a real plus for the community,” said local developer Steve Leibovic, adding that demolition is expected to be completed by year’s end.
Currently under construction, the 4,700-square-foot deck will provide outdoor space that was originally planned for The Park, which co-owner Basim Mansour had first envisioned as a rooftop venue.
The 230-unit complex sits about a mile south of Willow Oaks in the city’s Southside. The new owner is Highwater Properties, a Los Angeles-based investment firm with 620 units in its portfolio.
The 1-acre parcel is in a prime location across from Scott’s Addition and sits next door to another of Thalhimer Realty Partners’ buildings.
Florida-based Bainbridge Cos. is over halfway through construction of Bainbridge Midlothian, a 310-unit development filling part of a 26-acre tract between Walmart Way and Old Buckingham Road.
The former high school is being transformed into the Abby on Stuart apartment building, with 39 units renting for around $1,900 for a one-bedroom to $7,300 for a four-bedroom, three-bath, 3,000-square-foot unit.
The VCU Health System Authority now owns the nearly 6-acre assemblage that is adjacent to the 42-acre Athletic Village site, where work has gotten underway in recent weeks.
It’s the second time the retail center has changed hands in the last 18 months. The price tag on the previous sale was for $53 million.
The restored Hotel Petersburg was among this year’s Golden Hammer winners, and multiple local design firms were recognized in this year’s Interior Design Excellence Awards.
The principal of Maryland-based C.A. Harrison Cos. was arrested last month and released on bond after making an initial appearance at the federal courthouse in Richmond.
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