Site work is underway for the $34 million, 224-unit complex to be fitted between the Brook Road post office and adjacent Spectrum apartments.
Residential Real Estate
The $7 million purchase of the former Oasis Sports Park just east of Cosby High School sets the stage for Main Street Homes to expand its development.
The developer had previously proposed 225 apartments but is now planning 81 townhomes at John Rolfe’s intersection with Pump and Church roads.
A former city administrator is representing the applicant in a rezoning request for 711 Dawn St., where two existing industrial buildings would be demolished.
The land-use roadmap will guide redevelopment of aging retail centers at the corner of Hull Street and Courthouse roads toward a mixed-use future.
The work had been outsourced and the county will now conform with the annual reassessment calendar used by most localities in the area.
The city wants to sell the properties to housing nonprofits and private developers, with goals of adding to the tax base and increasing the city’s supply of lower-income housing.
Capital Square is under contract to purchase the N. Chasen & Son building at 2924 W. Marshall St. The 107-year-old painting and carpentry firm is looking for a new home.
Guy Blundon and Mark Purcell this week sold River’s Edge, a 10-story, 213-unit apartment tower at 505 Porter St., to Denver real estate firm Four Mile Capital.
The subsidized housing complex in the 1860s-era Almshouse on Hospital Street is owned by Capital Realty Group, which recently acquired apartments near Richmond Raceway.