Chris Harrison has denied claims of fraud and money laundering and countersued two of the project’s investors, all while working to finalize a deal with the City of Petersburg to sell back the controversial old Ramada Inn property.
Residential Real Estate
7-story apartment project to replace office buildings east of Willow Lawn
A mystery developer is under contract to buy the 1-acre site for a development that will utilize the area’s TOD-1 zoning.
28-home infill in the works at John Rolfe Parkway and Pump Road
A dozen acres of undeveloped land left over from Henrico’s realignment of a major intersection was declared surplus and sold to a developer for $525,000.
$323M ‘The Lake’ in Chesterfield considered for 8-figure county grant
A performance agreement for a 105-acre mixed-use development with 250,000 square feet of commercial and office space and up to 1,190 residential units would provide about $28 million in incentives.
Apartment portfolio in Fan, Museum District sells for second time in 4 years
Formerly owned by disgraced landlord Billy Jefferson, the 19-building, 207-unit assemblage sold for $31 million in 2018 and just sold again for nearly $41 million.
Investor pads Petersburg portfolio with $3M building buy
The deal marks the second time in the last year Gagan Marwaha bought a building in the city from Tom Wilkinson.
Diamond District developer selection looms as talks with finalists continue
“It’s just a whole different ballgame that is being played here in the city,” Councilmember Stephanie Lynch said in response to comments from colleagues on past economic development efforts.
Boarded-up Church Hill building to be replaced with mixed-use project
Developer Josh Bilder is getting back in the game at the intersection of East Clay Street and Jefferson Avenue.
Innsbrook-based firm pays $89M for Short Pump apartment complex
In addition to buying the 350-unit Trails at Short Pump for $255,000 per door, Henrico’s Capital Square also broke ground on a high-end hotel out of town.
84-unit apartment development taking shape beside St. Joseph’s Villa
A Texas firm that has roots in Virginia is behind the income-based Brook Villas, a three-building complex under construction in Henrico County.