A developer known for its “two-over-two”-style condos is continuing to add to its workload in Henrico, while a local firm’s project on the other side of the river would add hundreds of such units in the heart of Midlothian.
Residential Real Estate
A couple involved in the nearly $10 million sale of the priciest area home to trade hands in January were back at the top of the list in February, this time on the buyer side in a month filled with million-dollar deals.
A homebuilder that’s been more active in Richmond’s suburbs is turning its eye squarely on the city’s Carver neighborhood, where it is planning an infill project with dozens of condos along a stretch of Lombardy Street that’s getting popular with developers.
The developer behind an apartment complex at the northern end of German School Road is looking to add more buildings beside it, filling out a corridor off Jahnke Road that continues to have an influx of hundreds of new homes.
One of the earlier apartment rehabs among Shockoe Bottom’s many converted tobacco warehouses is in the hands of a California company after a pair of deals totaling $15.9 million.
Dozens more apartments are in the works for Manchester as one of the neighborhood’s most prolific development firms plots its next project.
A massive redevelopment of the former Armstrong High School site in Richmond’s East End is approaching the halfway point, en route to a targeted buildout next year.
A pair of property purchases in recent weeks has set the stage for a long-planned apartment building near the foot of Libby Hill.
The Williams Townes project is slated to bring a new high for price point for new-home construction in the neighborhood, with some units starting in the $575,000 range.
In between developing office and apartment properties in Richmond in recent years, Yogi Singh and his crew were quietly amassing a sizable portfolio of real estate of a different sort.