The Goochland-based builder bought the land last year after coming out on top of a bidding war for the site.
Residential Real Estate
Highly visible from the I-195 expressway, the six-story building is rising a block north of the interstate’s northbound off-ramp into Scott’s Addition.
Despite residents’ pleas of “don’t ‘Short Pump’ Varina,” the approval clears the way for the project, which would fill roughly 250 acres of farmland just east of Pocahontas Parkway where it crosses Route 5.
Once the school is converted into 39 apartments, the developer plans to flip those units into for-sale condos after five years.
A local team of Keller Williams Realty agents will take over a portion of the building, while rest will continue to be home to an eclectic mix of tenants in its shared workspace.
Ray Ferguson, who led BHHS PenFed Realty in the region for four years, has joined SRMF Real Estate, reuniting with fellow second-generation agents Scott Shaheen and Mahood Fonville.
The two projects are Breeden Construction’s first in Petersburg, adding to a workload in Richmond that includes its planned Cobb Lumber site redevelopment and the Diamond District project.
The 66-unit project is one of three in the neighborhood for Enterprise Community Development, which also converted the nearby Highland Park Public School building.
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.
Previously tied to one of the families behind a local Fortune 500, the century-old mansion was only the third-priciest sale in December, coming in behind two other multimillion-dollar deals.