The new addition to the city skyline west of downtown is the first along that stretch of Broad Street to take full advantage of the 12-story heights allowed under the city’s TOD-1 zoning.
It was the last of three properties he bought in 2021. Earlier this month, his company acquired a property management firm based in Williamsburg.
The 254-unit project is among the first big multifamily developments proposed for Westwood, a transitioning industrial district that the county is positioning as its own version of Scott’s Addition.
If approved by the county, 10 four-story buildings with one-, two- and three-bedrooms units would rise on 22 acres at 1650 Mall Drive.
More than 100 participants, including local firms Hourigan, Baskervill and Spy Rock, joined a virtual question-and-answer session.
Gagan Marwaha added Cameron Lofts at 325 Brown St. to his portfolio. It features 33 one- and two-bedroom apartments as well as about 26,000 square feet of office space.
Plans call for a century-old duplex renovation and a three-story addition that would result in nine apartments and two commercial spaces.
The deals include $5 million for a Monument Avenue plot where more than 200 apartments are planned. Sites also were sold at Virginia Center Commons for townhomes and along Tobacco Row for an apartment building.
200 W. Broad St. had been home to Comfort for nearly two decades before it closed in 2020. A Korean fried chicken joint moved in but didn’t last long.
A Florida buyer paid $71.6 million for the 248-unit Boulders Lakeside, while the 312-unit Park West End changed hands for $59.3 million.
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