The nearly $3 million purchase of a 12,000-square-foot mansion overlooking the James River eclipsed all other Richmond-area home sales in July, coming in more than $1.5 million above the next-highest sale in a month that was full of million-dollar deals.
Residential Real Estate
7-building Shockoe portfolio sells for $50M
Two of the region’s earliest adopters of historic tax credit-fueled infill development scored an eight-figure price tag with the sale of several of their longtime holdings in Shockoe Valley.
Plans filed for first wave of Austin Woods development on Iron Bridge
A collection of new residential uses on a former Christmas tree farm in Chesterfield is beginning to take shape, with plans filed this month for more than 200 apartments.
Developer spat in Chesterfield prompts $20M lawsuit
The 300-acre Summer Lake development in the county’s Moseley area is central to a lawsuit filed last month related to a years-long dispute between former business partners.
Plans filed for 300 more apartments at CenterPointe
Hundreds more homes are in the works for CenterPointe, as a Midwest-based developer that’s no stranger to Chesterfield County has submitted plans for its next apartment project in the massive Midlothian mixed-use development.
Better Housing cuts ribbon on Union Hill apartments
A Union Hill property named through the years as a place of happiness and hope now can add another description – housing – to its century-long history.
$40M ‘RiverHaus’ development planned for Manchester
An Ohio-based developer is going big along the Manchester riverfront.
1-year-old Shockoe apartments sell to local buyer for $28M
A busy local real estate group has expanded its portfolio to the Shockoe Bottom area, picking up one of the neighborhood’s newest apartment buildings in a deal that produced a $3 million return for the firm that developed it.
Apartments rise at CenterPointe, more in the pipeline
The newest stretch of Brandermill Parkway is about to get busier with the addition of a years-in-the-making apartment development and more homes on the way.
$58M artist-focused apartment project breaks ground in Petersburg
The 226-unit project is a collaboration between developer Tom Wilkinson, The Cameron Foundation, the Petersburg Redevelopment and Housing Authority, and multiple investors.