EquityPlus plans to buy Virginia Avenue Elementary School and convert it and its surrounding three blocks into 50 apartments and 45 homes.
Dormant Petersburg schoolhouse slated for $24M redevelopment
Residential Real Estate
Henrico apartment complex sells for $15M; buyer plans $6M renovation
The purchase and rehab of Place One are being financed through an $18 million bond issuance that county supervisors approved in April.
Casino referendum, Southern States silos rezoning get City Council approval
A permit for a three-story building, rezoning for a building up to 12 stories, a permit for an apartment complex and a request to allow a brewer to share a gelato cafe were also OK’d.
Green Front Furniture exec buys Monument Avenue mansion for $2M
The president of the Farmville furniture store is planning to document a rehab of the home and will use it to showcase inventory online.
Top-selling SRMF agent team breaks off to form own real estate brokerage
It’s the first such departure for Shaheen, Ruth, Martin & Fonville Real Estate since it broke away from Long & Foster in 2017.
Restored Tudor Revival on Monument Avenue tops May home sales
The century-old house had fallen into neglect before the sellers bought it for $165,000 in 1995. It sold last month for more than 10 times that amount.
Construction firm Katerra’s bankruptcy filing won’t stall apartment projects
Bristol Development Group says its Artistry at Winterfield and Tapestry West apartments will remain on schedule.
City’s new City Center plan envisions downtown without the Coliseum
Richmond released the draft plan this week, setting the stage for sales and redevelopment of city-owned properties once part of the failed Navy Hill proposal.
Pandemic pivot: Florida lockdown unlocked market for real estate agents
Catina and Robert Jones are considering an expansion of their Rocketts Landing-based Icon Realty Group to South Florida after travel restrictions kept them there for three months.
Capital Square picks up new CenterPointe apartment complex for $48M
The deal in Midlothian is the latest for the Glen Allen-based firm, which made the purchase through a recently formed real estate investment trust.