The pricy deals kept May a hot month for home sales in the region, with two of the sales coming in at more than a half-million dollars over asking.
$5M off-market deal leads pack of $3M-plus home sales in May
Residential Real Estate
288 condos planned at Pemberton-Mayland crossroads in Henrico
Legacy Land Development is seeking county zoning and permit approvals for a 12-building development of primarily age-restricted units.
Local bank the latest to try to collect debt from defunct contractor Fabling Built
Richmond’s biggest bank says it’s owed more than $500,000 from two loans guaranteed by Fabling’s owners. And at least two other legal actions have been filed against the company in recent days.
Century-old house fronting CCV’s Westhampton course hits market at $4.5M
The century-old house is on one of the largest lots fronting the Country Club of Virginia’s Westhampton course, and across the street from another seven-figure listing that hit the market two days later.
$25M Glenwood Golf Course redevelopment a go after $3M land deal
The deal clears the way for a 290-home development called the Fairways, with buildout anticipated in five years. The project also involves upgrades to Creighton Road.
New land-use plan in the works for area around Chippenham and Iron Bridge interchange
Following similar efforts in the areas around Rockwood Park and the former Southside Speedway, Chesterfield County is working on new guidelines for the future transformation of a swath of property around the Chippenham Parkway and Iron Bridge Road interchange.
New-to-market developer starting projects on both sides of the river
Middleburg Communities has spent roughly $14 million this year in land deals for the projects, which include a redevelopment of the former Knights Inn motel site on Brook Road.
Local builder planning hundreds of townhomes, apartments in Rockwood area of Chesterfield
StyleCraft Homes is planning a residential development of up to 420 units that would rise on a 35-acre site next to Oxbridge Square Shopping Center near the park.
Hotel exec’s $3.6M deal tops area home sales in April
The century-old Rosewood home at 6311 Three Chopt Road sold April 27, below its latest list price of just under $4 million. It was originally listed last fall for $4.25 million.
‘There is no excuse’: Vacant Blackwell lots, earmarked for housing years ago, remain in limbo
The 55 lots in the Southside neighborhood were awarded for housing development in 2019, but have yet to be transferred. Dozens more remain in the queue.