“In light of what’s happening in the hospitality industry, we pivoted to apartments,” Norman Jemal said. “The building is a very well-built building that fortunately works very well for both a hotel or apartments.”
The latest deal gives Bonaventure Realty Group more than an acre of undeveloped land in the sought-after neighborhood. The company bought the Scott’s Edge apartments last year for nearly $18 million.
Two members of one of the more prominent families in Richmond have put their longtime residence in Windsor Farms on the market.
With the final nail hammered on the last of four new homes they developed around the oldest house in Byrd Park, a local residential development duo is turning their attention to their next infill project on the other side of the river.
A transaction between doctors led the pack of area home sales in May, edging out four other seven-figure deals that each came in at $1.4 million.
A townhome development taking shape in Midlothian is introducing a new product from one of the region’s more active homebuilders.
If all goes as planned, hundreds of new apartments will take shape in the Ownby Lane-Overbrook Road neighborhood near The Diamond, as Spy Rock Real Estate Group and Louis Salomonsky’s Historic Housing move forward with new projects.
On the heels of launching an email-based system for development plans, the county has another new tool aimed in part at developers and businesses.
A vote from the city’s Planning Commission on Monday helped pave the way for one major residential project along the riverfront in Manchester, while possibly setting the stage for more mixed-use development nearby.
Just in time for Historic Preservation Month, a 19th-century plantation house in Hanover County that’s the namesake of a modern-day subdivision nearby has been put up for sale in search of its next caretaker.
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