Residential Real Estate

A revival of a once-overlooked stretch of street in the shadow of Richmond’s Libby Hill neighborhood is balancing out with the completion of a seven-figure apartment rehab.

An area developer who’s been on an apartment hot streak in Hanover County is opening the doors to his latest community.

Through a chance encounter and a 1031 exchange between two generations of Richmond property owners, one of the oldest buildings in Shockoe Slip and among the first to be converted to apartments has changed hands in a multimillion-dollar deal.

A 122-acre project that would add a hotel and a mix of commercial and residential development near the Chesterfield County courthouse received an initial “no” vote from the county’s Planning Commission this week.

A New York-based real estate investment firm is taking a big bite out of western Henrico’s apartment market after picking up about 700 units in two purchases totaling $143 million.

Foraging for more urban territory, two property management firms that typically do the bulk of their local business in Richmond’s suburbs have been enlisted to fill a new mixed-use development in Manchester.

Already busy on other projects throughout the region, a newer name in the Richmond area’s residential development scene is getting going on its next subdivision, on the first tract of land it purchased as a company.