An apartment property in western Henrico with a history of changing hands about every other year is once again under new ownership, this time selling for $8 million more than it did just over two years ago.
Residential Real Estate
One of the principals behind a recent condo development in the Libbie and Grove area is putting his unlived-in penthouse unit on the market, while also continuing to invest in a particular block in Manchester.
Fetching a rare eight figures from an unknown buyer, one of the largest residential real estate tracts along western Henrico’s River Road corridor has come in as the priciest Richmond-area home sale in recent memory.
Both localities are considering an 8 percent transient occupancy tax on certain Airbnb-style rentals.
A recent shortage of inspectors and an ongoing plan-review backlog – as well as the prospect of the proposed Navy Hill project – has prompted City Hall to begin rolling out a policy allowing third-party building inspections and reviews on a limited basis.
A new-to-Richmond development firm is proposing the maximum height allowed by a new transit-oriented zoning district along the Pulse corridor – even if that district has yet to reach the site where the 12-story tower is planned.
The resurgence of the former Cloverleaf Mall site in northern Chesterfield County is spilling over from the mixed-use Stonebridge development, with land around it set to be filled with a project that will add more than 1,000 new homes to the area.
A month after getting a thumbs-down from county planners, a controversial development that would add a hotel, commercial buildings and 600 homes between the Chesterfield airport and courthouse has been thrown a lifeline.
Cava Cos., previously known as Cava Capital, closed last month on multiple transactions for 75 houses previously owned by entities tied to Ron Hunt, owner of Richmond-based Genesis Properties.
Nearly a year after it returned to the market after falling into foreclosure, the 10,000-square-foot West End home and 3-acre estate is in the hands of new owners.