Four local developers plan to preserve the 97-year-old structure by turning it into a 42-unit complex dubbed “The Rails.”
Caravati’s building in Manchester sells for $2M ahead of apartment conversion
Residential Real Estate
Housing nonprofit adds two East End homes, breaks ground on another
Urban Hope facilitates homeownership in the East End, where low-income residents moved into homes built by Eagle Construction of VA.
Dodson adds to holdings with $3M buy of Morton’s Apartments complex
The seller was Levco Management, which has been unloading its smaller apartment properties as it focuses on larger garden-style properties it’s acquired in Hampton Roads.
Retired horse breeder selling 27-acre estate near Chesdin Landing
86-year-old owner Norman Jones is asking $1.75 million for the property after selling off the last of his American Saddlebred broodmares.
General Land makes land grab across from Scott’s Addition
The West End real estate investment firm bought several parcels totaling about an acre near the intersection of Broad Street and Roseneath for $3.3 million.
Condos planned for Scott’s Addition
A redevelopment of 1616 Summit Ave. into a mixed-use project would add four condos and restaurant space at the intersection with Norfolk Street.
26 condos planned for office building site on Libbie Avenue
A nearly century-old building would be razed to make way for a three- and four-story structure with facades that make it look like downtown rowhouses.
NYC investment firm nabs Venus at Manchester apartments for $7M
“We were looking for markets that had robust growth and we noticed that the Richmond market is going up,” said the managing partner of Northway Equities.
Porter Realty exec lists his Windsor on the James home for $3M
The president of the local commercial real estate firm has lived in the 7,200-square-foot brick colonial since it was built in the 1990s.
Capital Square buys Cosby Village apartment complex for $86M
The 307-unit Livingston Apartment Flats is the latest purchase for the Henrico-based firm, which has picked up several multifamily properties using 1031 exchanges.