EquityPlus plans to buy Virginia Avenue Elementary School and convert it and its surrounding three blocks into 50 apartments and 45 homes.
Residential Real Estate
The purchase and rehab of Place One are being financed through an $18 million bond issuance that county supervisors approved in April.
A permit for a three-story building, rezoning for a building up to 12 stories, a permit for an apartment complex and a request to allow a brewer to share a gelato cafe were also OK’d.
The president of the Farmville furniture store is planning to document a rehab of the home and will use it to showcase inventory online.
It’s the first such departure for Shaheen, Ruth, Martin & Fonville Real Estate since it broke away from Long & Foster in 2017.
The century-old house had fallen into neglect before the sellers bought it for $165,000 in 1995. It sold last month for more than 10 times that amount.
Bristol Development Group says its Artistry at Winterfield and Tapestry West apartments will remain on schedule.
Richmond released the draft plan this week, setting the stage for sales and redevelopment of city-owned properties once part of the failed Navy Hill proposal.
Catina and Robert Jones are considering an expansion of their Rocketts Landing-based Icon Realty Group to South Florida after travel restrictions kept them there for three months.
The deal in Midlothian is the latest for the Glen Allen-based firm, which made the purchase through a recently formed real estate investment trust.