Residential Real Estate

The years-in-the-making project in the city’s Northside is planned to add about 125 attached and detached for-sale homes with a mix of income-based and market-rate units.

The seller is Tim Messier, the former CEO and board chairman of Medalist Diversified REIT who departed the firm last year amid pressure from shareholders.

“When you look at all the items that you have to put in a development to get recommendations for approval, you can’t develop and provide any type of workforce housing,” George Emerson said.

The project from local developer Ned Massie would fill 66 acres northwest of the Airport Drive-Interstate 295 interchange.

At $9 million and $7.5 million, back-to-back sales of two mansions along Cary Street Road led a record-breaking month for residential real estate deals in the city.

The sale came two weeks after a nearby mansion apparently tied to this one set a new high mark for residential sales in the city.

Since submitting its plans to the city two years ago, Center Creek Homes has put the homes under contract and tweaked the project to include rear garages with accessory dwelling units.

The buyer appears to be tied to another nearby mansion that was purchased last fall and put up for sale late last month.

“The market’s gotten more challenging, so I’ve been proactively reaching out to homeowners in certain areas where my buyers are looking,” said agent Laura Peery, who brokered the deal near CCV’s James River course.

“They just want to do something different,” agent John Martin said of the mystery seller, who listed the Hampton Gardens home for a half million dollars more than they bought it for 10 months ago.