A month after getting a thumbs-down from county planners, a controversial development that would add a hotel, commercial buildings and 600 homes between the Chesterfield airport and courthouse has been thrown a lifeline.
Residential Real Estate
Cava Cos., previously known as Cava Capital, closed last month on multiple transactions for 75 houses previously owned by entities tied to Ron Hunt, owner of Richmond-based Genesis Properties.
Nearly a year after it returned to the market after falling into foreclosure, the 10,000-square-foot West End home and 3-acre estate is in the hands of new owners.
Innsbrook-based Capital Square is scaling down part of its ambitious plan in Scott’s Addition as it looks to buy in with another developer on a separate project nearby.
The 13,600-square-foot home on 5-plus acres across from CCV sold for $3.47 million.
A revival of a once-overlooked stretch of street in the shadow of Richmond’s Libby Hill neighborhood is balancing out with the completion of a seven-figure apartment rehab.
Having tweaked their proposal following months of public feedback, city planners are moving forward with a revised set of rules that would allow, and regulate, short-term residential rentals in Richmond.
An area developer who’s been on an apartment hot streak in Hanover County is opening the doors to his latest community.
Through a chance encounter and a 1031 exchange between two generations of Richmond property owners, one of the oldest buildings in Shockoe Slip and among the first to be converted to apartments has changed hands in a multimillion-dollar deal.