Vertical Builders recently began construction of The Grove on Hamilton, a six-townhome development on a 0.3-acre lot at the northwest corner of Grove and North Hamilton Street near the Museum District.
The sale came in below the home’s $4.5 million list price, and three weeks after a house across the street sold for nearly $1 million over asking.
Monthly video updates hosted by CEO John Burns have been tracking the project’s progress since this latest phase of the retirement community’s $200 million expansion kicked off last year.
A Tudor-style house in Windsor Farms and a midcentury-style home at CCV were the latest to sell for more than $800,000 over list price.
Five years in the making, a scaled-down version of the 120-acre development from a group led by Don Balzer Jr. has started adding rooftops.
The 10,000-square-foot house in Hampton Gardens is owned by an investor-entrepreneur and was previously home to a Wells Fargo Advisors CEO.
Neighbors’ concerns about rock blasting prompted the hold on the project, which is being led by a group that includes the former owner of Need Supply Co. and a principal at Baskervill.
Harper Associates recently secured a special-use approval from the city for as many as 136 townhomes on a 16-acre lot at 6140 Hull Street Road.
The 35-acre Oaklea estate was previously owned by former MeadWestvaco CEO John Luke Jr. and prior to that David Martin, a co-founder of the Martin Agency.
Developers interested in rural residential projects may soon have more site options in Chesterfield if a proposed zoning ordinance amendment is approved by the county.
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