“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.
Residential Real Estate
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.
Thalhimer sells Hull Street property to local investor group for $7M
The Motorworks at City View apartment building was originally redeveloped by Genesis Properties, which sold it to Thalhimer in 2019 for $4.3 million.
Homes begin to sprout with help from planning district commission funds
PlanRVA has been funneling $3 million to local nonprofits, including Habit for Humanity, which has just built the program’s first home in the Church Hill area.
$3.5M land deal sets stage for Libbie Avenue condos
A group that includes a New York developer and locals Stuart Cantor and Bruce Tyler will build 26 condos on the 0.75-acre site.
New filings offer glimpse of Leigh Addition project on Arthur Ashe Blvd.
A special-use permit request includes an elevation rendering and site plans that show the 305-unit, $80 million building in more detail than previously presented.
New York firm back for seconds in Richmond with $77M apartment deal
After spending more than $200 million in the region already this year, the firm appears to have at least one other local deal in the works.
Gym membership led developers to their next infill project in Chimborazo
Matt Jarreau and Casey White are planning a mixed-use development at a site where Jarreau used to frequent a CrossFit affiliate.