The 248-unit complex was built two years ago for around $40 million and just sold for $290,000 per door.
Magnolia Green apartments fetch $72M
Residential Real Estate
Windsor Farms home tops three other $2M sales in July
The 5,300-square-foot house on a 0.7-acre lot was put under contract in an all-cash deal for $2.3 million that closed a month later.
Local firm buys East End apartments with condo conversion in mind
“It’s an opportunity for us, we think, to bring 130 home ownership opportunities to East Richmond,” said Bram Levy of John B. Levy & Co.
Redevelopment of Creighton Court underway after groundbreaking
Led by RRHA and nonprofit developer The Community Builders, the project began this summer when a portion of the public housing complex’s 504 units were razed.
Updated: Vision300 team out, two contenders left for Diamond District
“We are a team of Richmonders and we remain deeply committed to the success of our city,” said Casey Tischer of Vision300.
Model Tobacco developer fires back in investor lawsuit
Chris Harrison has denied claims of fraud and money laundering and countersued two of the project’s investors, all while working to finalize a deal with the City of Petersburg to sell back the controversial old Ramada Inn property.
7-story apartment project to replace office buildings east of Willow Lawn
A mystery developer is under contract to buy the 1-acre site for a development that will utilize the area’s TOD-1 zoning.
28-home infill in the works at John Rolfe Parkway and Pump Road
A dozen acres of undeveloped land left over from Henrico’s realignment of a major intersection was declared surplus and sold to a developer for $525,000.
$323M ‘The Lake’ in Chesterfield considered for 8-figure county grant
A performance agreement for a 105-acre mixed-use development with 250,000 square feet of commercial and office space and up to 1,190 residential units would provide about $28 million in incentives.
Apartment portfolio in Fan, Museum District sells for second time in 4 years
Formerly owned by disgraced landlord Billy Jefferson, the 19-building, 207-unit assemblage sold for $31 million in 2018 and just sold again for nearly $41 million.