The Benton Woods site is among the largest undeveloped parcels within the county’s 580-acre Ridgedale Special Focus Area, in which the county hopes to see new commercial, residential and recreational revitalization.
Residential Real Estate
$2M land deal tees up $20M income-based apartment complex near Forest Hill
The 144 apartments are to be targeted to renters making below 80 percent of the area median income, with 36 of the units for renters making 50 percent AMI or below.
100-plus acres along Swift Creek Reservoir slated for residential project
Don Balzer’s Cross Creek Development is planning Thacker’s View, which will bring more than 260 homes to an assemblage on Woolridge Road. It’s one of the last undeveloped areas of size on the reservoir.
60-acre expansion to finish out farm-centric Chickahominy Falls development
Hanover supervisors recently approved the expansion of the 55-and-up residential development that developer Roger Glover said will be the so-called agri-community’s final section.
Tredegar CEO’s Mooreland Farms deal topped March home sales at $3.5M
The sale came out to $614 per square foot, toward the top end of the highest prices per square foot ever recorded in the area.
Green Front Furniture exec’s Monument Ave. mansion undergoing $1.5M restoration
Participants in Sunday’s Easter on Parade will notice the makings of what’s planned to be a two-year restoration of the mansion owned by CEO Den Cralle, who is sponsoring the event.
HHHunt starts 2,200-home development beside Westchester Commons
Site work has started on The Aire at Westchester, a 334-acre mixed-use development directly west of the shopping center, where two new restaurants are also headed.
Local agents brace for effects of national Realtor group’s lawsuit settlement
The apparent resolution of a yearslong legal battle that’s rocked the U.S. real estate industry is expected to have impacts on agents in metro Richmond, though to what extent remains to be seen, local observers say.
Developer East West pays $4M for 260-acre Arcadia project site in Varina
The transaction clears the way for the nearly 800-home development east of where Route 5 crosses over Pocahontas Parkway.
Contractor couple’s $1.8M deal topped area home sales in February
The 7,100-square-foot house in Henrico’s Henley neighborhood was one of three that topped the list and sold below asking price.