A federal bankruptcy judge on Wednesday approved a plan for interim financing for The Tiber, a high-end condo development that’s been in limbo at Libbie and Guthrie avenues since a dispute arose between its owners and general contractor.
Residential Real Estate
Tobacco Row tower condos hit market
A new condominium tower planned at the end of Tobacco Row is hitting the market, even before the $10 million project has received city approval.
Warehouse conversion plan deferred after state calls tax credit scenario ‘disturbing’
A $15 million bid to make apartments out of a century-old warehouse near the Diamond is being given a second look after state regulators called part of the plan “very disturbing.” The Richmond Planning Commission’s endorsement last week of the proposal by developers Louis Salomonsky and David White to convert the warehouse at 1650 Overbrook… Read more »
Townhomes planned for Southside city tract
A Mechanicsville developer is cooking up a baker’s dozen of townhomes inside city limits. Youngblood Properties filed plans this month to build 13 attached single-family homes at 2940 Cherokee Road, a 1.5-acre site in Stratford Hills, east of Stony Point Fashion Park and west of the Forest Hill neighborhood. The development is tentatively called Cherokee… Read more »
Huntt’s Row finishes up, TriBeCa fills out
Huntt’s Row, a cluster of eight row houses and two condos, held an open house last week to mark the completion of its model, as well as its first sale.
Fan adds 25 renovated apartments
A Grace Street property built in the 1800s has gotten a 21st century upgrade. Thalhimer Realty Partners, the development and investment arm of local real estate firm Cushman & Wakefield | Thalhimer, this month completed the transformation of 1142 W. Grace St. into a 25-unit apartment building dubbed the Columbia Apartments. The two-story building was… Read more »
Windward mansion listed for $2.9M
A 200-year-old reconstructed home near the University of Richmond is being sold by members of a notable Richmond family. “Windward,” a reconstruction of a Federal period dwelling that was relocated from Dinwiddie County nearly a century ago to 1 S. Ridge Road, hit the market on Wednesday for $2.9 million. The nearly 10,000-square-foot home, at… Read more »
Tiber enters Chapter 11
After dodging a foreclosure auction and weeks of negotiations with would-be residents, the developer of a stalled West End condo project has entered Chapter 11 bankruptcy. Tiber Partners LLC, the embattled ownership group behind the delayed Tiber condos at Libbie and Guthrie avenues, on Wednesday was ordered to enter bankruptcy protection. The ruling comes… Read more »
Developers scale back proposed Scott’s Addition towers
One of the most talked-about projects proposed in Scott’s Addition has been revised with a new look and fewer stories. Plans for two 10-story towers proposed for a 2.5-acre site at 1400 Roseneath Road have been revised and reduced in height by developers Louis Salomonsky and David White of Historic Housing LLC. The latest proposal,… Read more »
Stalled home lands builder in legal dustup
A Henrico-based builder is being sued by two homebuyers alleging his company failed to build their Wyndham-area home on time, and that the company has abandoned construction on other homes in the same neighborhood. Romm Custom Homes is one of two defendants named in a lawsuit filed last month in Henrico Circuit Court by Mandar… Read more »