New York-based Avery Hall Investments dropped a record-setting price for the property. The sellers managed to flip it for twice what they paid two years ago.
Firm pays nearly $6M per acre for riverfront Manchester site next to Legend Brewing Co.
Residential Real Estate
$45M project would replace Oak Grove Elementary with mixed-income housing
Lynx Ventures and the Maggie Walker Community Land Trust are behind the project, which would consist of 240 apartments and 15 for-sale units targeted to lower-income households.
Hotel executive lists CCV-area home for $4.2M
Rosewood, built in 1910, is described as one of the first homes built in the Three Chopt area on one of the larger lots to be found along the corridor near the Country Club of Virginia and the University of Richmond.
Better Housing Coalition breaks ground on $45M addition to Winchester Greens campus
CEO Greta Harris called Winchester Forest one of BHC’s “COVID babies” that got caught up with supply chain issues and cost increases fueled by the pandemic.
City Council approves City Center rezoning, VUU tower sign appeal
Approved without much fanfare in the shadow of Diamond District discussions at Monday’s meeting, the area that includes the Richmond Coliseum is now set up for an RFP of its own.
Former Grove Ave. assisted living facility to make way for 260-unit development
The now-vacant Windsor Senior Living complex will be razed in favor of a six-story apartment project from a Georgia-based developer.
With pedestrians in mind, CCV acquires home at St. Andrews and Three Chopt
“The acquisition of the property was opportunistic and not the product of a strategy of the club to acquire property near the club,” it said in a recent letter to members.
Developer Bank Street Advisors adds to downtown holdings with two more deals
The firm already is planning an 8-story apartment building at 219 W. Broad St. and just bought the former Richmond Camera building a few doors down and another a block over on Grace Street.
Unanimous council vote approves Diamond District development plan
While a needed seven-vote majority seemed to be secured going into Monday’s meeting, the vote was uncertain and displayed a coming together among councilmembers who have been divided on past proposals.
Stratford Hills apartments sell for $76M
The 430 units were built in the 1960s. The sale price comes out to just over $177,900 per door, considered to be the priciest Richmond has seen for a property of that age.