After circling the Hampton Roads area for a while, a large local home builder has landed in a 450-acre development in Virginia Beach and is starting work on its first project there.
Residential Real Estate
Finally back in action after the recession, a residential development on one of the city’s largest remaining pieces of privately owned forestland is moving toward completion.
A general contractor is moving into an ownership and development role with plans for a 4.6-acre low-income residential project on the south side of the city.
Developers have converted the site of a home in Church Hill that clashed with its neighbors into two town houses that are more in line with the neighborhood’s style.
2014 was a huge year for high-end residential deals, and the home sales didn’t tail off in December. Ten properties sold for at least $1 million last month, with the most expensive nearing $1.9 million.
A home builder is starting off the New Year with plans for new waves of construction at three separate developments in the West End.
With at least one home selling for more than $1 million almost every month, 2014 was a busy year for high-end residential sales. Mansion sales topped out this year at more than $3.6 million when the estate of two local philanthropists sold to an exec from a Fortune 500.
A development and building firm is unveiling some updated home designs for its latest subdivision, a 60-acre single-family project in Chesterfield County.
After raising more than $70 million, a Seattle-based residential real estate company is moving into the Richmond market.
Three homes on Monument Avenue sold for more than $1.5 million last month, including the former home of convicted developer Billy Jefferson. And a 100-year-old house was purchased by the former head of a local Fortune 500.