The prominent neighborhood landlords and former HandCraft Cleaners owners bought the Roy’s Electric Motor Sales & Service, which is also run by a set of brothers.
Nichols brothers grab more Scott’s Addition real estate
Commercial Real Estate
Local developer planning 218 income-based apartments near Chippenham Hospital
The project, from Richmond-based Lynx Ventures, comes less than a year after development got started on a separate 216-unit complex nearby.
Bon Secours completes $16M medical office at Richmond Community Hospital, eyes more investments in East End
In the face of scrutiny from a New York Times expose, the health system said it has plans for a new urgent care center, a new cancer screening center and other initiatives in the East End.
Chamberlayne Ave. warehouse site planned for 91 apartments
The five-story building would replace the existing Accent Interiors warehouse at the southeast corner of Chamberlayne and Fritz Street, just north of the J.R. Crickets restaurant.
Kleyman, Dodson to replace old BofA branch on Forest Hill Ave. with apartment project
Daniil Kleyman and Duke Dodson are planning a 3-story mixed-use building at 4701 Forest Hill Ave. with 40 apartments and commercial space.
Developer puts Scott’s Addition apartment project on hold, up for sale
In a rare occurrence for one of the city’s hottest neighborhoods, a developer is pumping the brakes on a new apartment project in Scott’s Addition.
Pending sale of Mayo Island gets $7.5M boost from state grant
The nearly $12 million price tag to reshape the future of Mayo Island just got a lot more manageable for its prospective buyer. The Virginia Department of Conservation and Recreation last week awarded a $7.5 million grant to help fund the purchase of the 15-acre downtown island at 501 S. 14th St. and convert it… Read more »
RRHA planning rehab after acquiring Grace Place Apartments building downtown
The housing authority is eyeing a refurbishment of the 11-story, 58-unit building, which was evacuated four days after it announced the acquisition due to a pipe burst that flooded units.
Sauer planning 780-home mixed-use development near VCC
The project would span 93 acres south of Virginia Center Commons and also include industrial, office and retail space.
No roof? No problem, for $1M real estate deal along Arthur Ashe Blvd.
The property was once part of a 20-building assemblage of similarly sized apartments throughout the Fan and Museum District that was previously owned by imprisoned local landlord Billy Jefferson.