Taft-Mills Group, a housing developer that does most of its work in and around its home market of Greenville, N.C., is behind the 54-unit project.
Commercial Real Estate
Developer sues Hanover supervisors over apartment project denial
The filing from Larry Shaia and Jesse Lennon, whose 55-and-up Summerlyn project was rejected in November, is at least the second in the past year from a residential developer challenging a Hanover vote.
‘Everybody lost everything’: Businesses left hunting for new homes after fire on Patterson Ave.
This is not something that most small businesses plan for,” said one of the tenants. “There was no contingency plan in place and our work is not work that can be done remotely.”
VUU lands $40M investment, plans up to 200 homes at Brook and Overbrook
The joint venture between VUU and Philadelphia-based Steinbridge Group would kick off the university’s recently released $500 million master plan.
With new Salomonsky at the helm, Historic Housing’s latest project rising quickly in Shockoe Bottom
Daniel Salomonsky said his mission is clear: to maintain what his father and the company have built over decades, and to shepherd its latest project to the finish line.
Weinstein sells apartment complex with undeveloped land in Petersburg for $95M
The deal includes an undeveloped parcel that’s nearly 94 acres. It coincides with Weinstein’s nearly $103 million sale of another apartment complex in Chesterfield.
Charlotte-based REIT buys medical office in Hanover, plans new construction up the road
Flagship Healthcare Properties paid $5 million for the building and is under contract to purchase land nearby for a from-scratch medical office development.
$5M in land deals clear way for two residential projects along Chamberlayne
With more than 300 units between them, the two projects will add to a residential and commercial corridor that has taken some hits over the past year.
Downtown office building headed for auction after buyer ‘missed the market’
North Carolina-based developer Hem + Spire bought the six-story building in January 2020 for $1.5 million. Next month’s auction has a starting bid of $450,000.
Assisted living-turned-apartment building in Carytown sells five years after redevelopment
The buyer was Lakeland Capital, which has spent more than $22 million on properties in Richmond since 2022.