The newly built apartment complexes both sold for around the same price, but one’s per-door breakdown approached a recent record.
Deals in Innsbrook, Midlothian close out busy year for apartment sales
Residential Real Estate
Developer Tom Papa pays $2M for acre on Decatur with old warehouse
The Manchester parcel is catty-corner to Papa’s seven-story, 118-unit, mixed-use building The Box, which is under construction.
200 apartments now on drawing board for Belle Heights in Manchester
Harper Associates had previously planned a second phase with townhomes or a mix of apartments and single-family homes.
Ellen Glasgow House auction canceled
Fewer bidders than hoped for prompted the sellers to pull the plug. The 180-year-old downtown mansion remains on the market for $2.3 million.
Site for twin-tower apartment project River’s Edge II back on market
“These guys are also reaching a point in their age where they looked around and said, ‘Maybe we should just sell the whole deal and let somebody else build it,’” said broker Bruce Milam.
Gammino files plans for apartment building in Jackson Ward
The local developer wants to replace a parking lot adjacent to his office at 208-212 E. Leigh St. with 63 apartments in a five-story structure.
Levco buys 716-unit Chesterfield apartment complex for $106M
The purchase price for the Crystal Lakes Apartments equates to just over $148,000 per door. It last sold for $37.5 million in 2017.
Entrepreneurial Patel family goes on a Church Hill acquisition spree
Their latest real estate investment was a mixed-use building at 322 N. 25th St. for $1.8 million.
$13M land deal sets stage for $80M Innsbrook apartment project
The Dominion Realty Partners development is the latest in a string of apartment complexes slated for the transitioning office park in western Henrico.
1,700-acre tech park among proposed uses for Chesterfield site
The county plans to rezone the “Upper Magnolia Green” property for the tech park and a 700-acre area for single-family homes and public facilities.