A 10-year-old house overlooking the James River claimed the top residential real estate transaction in the Richmond area last month.
Residential Real Estate
The former Relay Foods warehouse at 1601 Roseneath Road is under contract to be sold to the South Carolina-based firm, which is planning to raze the building to make way for 350 apartments and retail space.
A local businessman, who was involved in the completion of a once-controversial West End condo project, is growing his city holdings south of the river after assembling 10 properties on a Manchester block that’s surrounded by flurry of private investment.
Named for one of Richmond’s largest rail yards, Fulton Yard is planned for a mix of 535 apartments and 106,000 square feet of commercial space on 20 acres. The requisite rezoning now heads to City Council and the Board of Supervisors.
Some longstanding names in Richmond residential real estate are uniting under the same flag through a recent acquisition that’s one of several moves a national brand is making to enhance its local presence.
A major local landlord has parted ways with a chunk of his holdings in the Fan and Museum District.
A residential portfolio totaling two dozen rental properties scattered across Richmond is in the hands of new owners, whose city holdings now include nearly a full block of rowhouses along Parkwood Avenue.
A local real estate brokerage that earlier this year returned to its longtime moniker has further repositioned itself within a commercial corridor brimming with competition.
Matt Paxton is getting back in front of the camera.
Two decades after it was spared from neglect, a restored Monument Avenue house is set to cash in on the fruits of its owners’ labors, hitting the market with an assessed value nearly 10 times its previous purchase price.