Richmond’s Monument Avenue is on a home-sale hot streak heading into the summer, edging out two other May sales that tied for second place to land the priciest area residential transaction for a second month in a row.
Residential Real Estate
River Mill gets grinding with Homearama showcase
One of HHHunt’s biggest projects in years has lured a regional home showcase event beyond its typical stomping grounds.
Developers fetch nearly $5M for newly built Monument Ave. apartments
In a deal that tested their theory that the Richmond multifamily market may be approaching its peak, a group of local developers has sold their newest development for $323,000 per unit.
Spice maker exec lists riverside house for $3M
A top executive at Richmond’s resident spice-making giant is selling his 5-acre riverside estate in one of the pricier residential real estate listings to hit the market in recent months.
Construction begins on Westhampton School revamp
The transformation of a West End landmark officially has begun.
7-acre tract near Lee Bridge sells for $8M
Two months after entering the market with a seven-figure deal for property in the suburbs, an Alabama-based apartment developer is zeroing in on Manchester for what’s shaping up to be one of the largest multifamily developments proposed in the neighborhood in recent years.
Developer Blundon drops $5M for 11 acres in Chesterfield
One of the area’s most active apartment developers has the land in hand to take another bite out of Chesterfield.
RRHA submits plans to finish Highland Grove development
A years-in-the-making transformation of a section of Richmond’s Northside is about to enter its second and final phase.
Short-term home rental regs rile operators
Property owners wary of proposed city rules that would restrict or allow, depending on one’s perspective, short-term rentals of residential properties in Richmond are airing their concerns and frustrations to city officials ahead of a presentation to City Council later this year.
Rezoning clears way for 64 homes near Goochland govt. complex
The heart of Goochland County is set to get dozens of new rooftops following a rezoning last week by the Board of Supervisors.