Guy Blundon and Mark Purcell this week sold River’s Edge, a 10-story, 213-unit apartment tower at 505 Porter St., to Denver real estate firm Four Mile Capital.
Residential Real Estate
The subsidized housing complex in the 1860s-era Almshouse on Hospital Street is owned by Capital Realty Group, which recently acquired apartments near Richmond Raceway.
Developers are putting the finishing touches on the initial portion of the 171-unit complex rising on about 15 acres near Sliding Hill Road and Route 1.
The local couple paid $2.15 million for a 7,500-square-foot house along Riverside Drive, topping sales for the month that included a modern-design home in Byrd Park.
The local developer is constructing a pair of three-story, mixed-use buildings that would add 122 residential units at 3800 Government Road.
The for-sale homes would replace a former nursing home building on the site and be priced north of $350,000 each.
The legal action contesting fees paid to support the community’s Lake Chesdin Golf Club is playing out as work gets underway on a new 80-home section.
The site of the now-razed Colbrook Motel where it plans to build income-based housing was listed in “The Negro Motorist Green Book.”
Capital City’s first foray into the Richmond region would have 182,000 square feet and rise on a pair of surface parking lots along West Seventh Street.
A group led by current and former executives of homebuilder Schell Brothers is preparing to start site work for The Station at Chester Village.