Foraging for more urban territory, two property management firms that typically do the bulk of their local business in Richmond’s suburbs have been enlisted to fill a new mixed-use development in Manchester.
Residential Real Estate
Already busy on other projects throughout the region, a newer name in the Richmond area’s residential development scene is getting going on its next subdivision, on the first tract of land it purchased as a company.
Two similar-sized homes on opposite ends of metro Richmond were listed for sale in recent weeks with nearly identical multimillion-dollar asking prices.
A year after buying his own home in the neighborhood, a local auctioneer worked a seven-figure deal a few doors away – this one topping area home sales for November.
In the midst of rehabbing nearly 700 units, the owner of an apartment portfolio along a stretch of Chamberlayne Avenue is testing the market a year after picking up the properties in a court-ordered sale.
Guy Blundon and Mark Purcell are behind the $75 million project, which would feature two towers connected by a sky bridge that will double as the neighborhood’s newest event space.
Site work has begun for 250 apartments and a Courtyard by Marriott hotel along West Broad Street. Spy Rock Real Estate leads the development.
The century-old, relocated mansion tied to members of one of the namesake families of a local Fortune 500 is the latest house to hit the market along a pricy stretch of Cary Street Road.
The bulk of an unfinished neighborhood in the heart of Chesterfield County is being put up for sale after falling into foreclosure.
An infill development underway in the Fan is set to add some modern to the 19th-century neighborhood’s housing stock.