A multimillion-dollar renovation of a federally subsidized apartment complex in Henrico is signaling a new trend of county involvement in such projects, with more to come.
$5M renovation wraps up at Hope Village Apartments
Residential Real Estate
$300 million retirement development underway in West Creek
Erickson Living, a Maryland-based developer, is preparing to go vertical on Avery Point, a 1,400-unit project on 94 acres at 1549 Wilkes Ridge Parkway.
Industry insiders discuss ‘Future of Suburban Development’ (slideshow included)
A crowd of homebuilders, developers and real estate agents huddled inside a heated tent in the under-development River Mill community for Richmond BizSense’s third “Future Of” event.
Massey mansion purchase tops four million-dollar home sales in October
While a Goochland County mansion that for years had been the highest-priced residential listing in the region led area home sales last month, the rest of October’s top five sales were not shabby themselves, each coming in above $1.5 million.
MGT fallout continues with $4 million spat between local developer and insurer
Left hanging by the collapse and bankruptcy of MGT Construction, a local developer is now suing an insurance company for allegedly not holding up its end of the deal on an apartment rehab in North Carolina.
Wilton Cos. sells West End apartment portfolio for nearly $100M
One of the pioneers in single-family and multifamily development in Henrico County is parting ways with nearly 50 percent of its apartment holdings, consisting of nearly 1,000 units. The buyer is local.
250-home project near Westchester Commons gets thumbs down in Powhatan
The developer behind some of the Midlothian area’s more established residential communities received an icy reception to its latest proposal in nearby Powhatan County.
$3 million sale ushers in new use for River Run Manor
The new owners and operators of a 16,000-square-foot Goochland County mansion that’s soon to become the region’s newest event venue have a clear path forward, although a winery they had lined up for the property is no longer part of the deal.
New York firm drops $2 million for Bainbridge St. apartments
Bullish on Manchester’s multiplying multifamily counts, Mercer Street Partners has made a third investment in the fast-growing South Richmond neighborhood – and its fifth acquisition in Richmond overall.
New leaders, old problems at city permit center
“I’m not going to say it’s going to happen by the end of the year, because I don’t want to make promises I can’t keep. But we are keenly aware of what we need to do to turn the ship in the right direction,” said the city’s Sharon Ebert.