Stanton and Mary McComb were back atop the monthly list of the area’s most expensive residential real estate transactions, this time on the seller side.
Residential Real Estate
Local firm buys Museum District apartment complex for $27M
The 157-unit Gallery Midtown, once known as River City Court when owned by notorious landlord Billy Jefferson, sold for the third time in six years.
Land deal paves way for another apartment building in Manchester
Capital City Real Estate paid $1.7 million for an acre of parking lots where it plans to build 173 units in a five-story building with ground floor commercial space.
Baker School conversion completes Fay Towers rehousing trifecta
The $14.3 million rehab and conversion of the former elementary school into apartments has allowed dozens of low-income seniors to move in.
‘iBuyer’ buys into Richmond’s residential real estate scene
House Buyers of America, which purchases homes directly from owners, expanded into the region over the summer and has been snapping up properties.
Petersburg on multi-family hot streak
“What’s really happening is investment groups are seeing Petersburg as a stable place to invest now,” a developer said of the $9.4 million sale of the High Street Lofts.
Prestwould penthouse sale sends cattle consultant’s art collection west
The top floor condo’s list of caretakers includes Bill and Pam Royall, Keith Kissee, and now James “Jimmy” Wheat III, a member of Richmond’s well-known Wheat family.
Developer Connell planning 47-unit apartment building at Tobacco Row site
The building would rise five stories on the Cary Street side and seven stories facing the river, considerably shorter than a previous proposal.
Nearly 600 apartments on the drawing board for Willow Lawn
Thalhimer and Crenshaw Realty would replace five aging office buildings with two 7-story apartment buildings, adding what they see is a missing link to the neighborhood.
Multifamily milestone: Short Pump complex sells for $327K per door
The Flats at West Broad Village set a high watermark with a $111 million price tag, while two other large apartment deals closed for $85 million and $44 million.