The interim CEO of a local Fortune 500 company purchased the Hermitage Country Club home of the former head of Elephant Auto Insurance.
Residential Real Estate
RRHA mulling proposals for apartment rehabs, new development
As it looks to unload much of its land holdings in Blackwell, Richmond’s public housing agency is moving forward with two initiatives likewise aimed at developing its properties for private ownership.
Developer eyes apartments with skyline view on 18th Street
A vacant wooded lot at the edge of Shockoe Bottom is being primed for an apartment development.
Former car dealership site sells for $6.8M, clears way for $50M condo development
A Northern Virginia-based builder has secured the site of a planned residential infill development in western Henrico County, forking over three times what it paid for a slightly larger site less than a quarter-mile away.
Two Monument Ave. homes listed for sale by same owner
Already looking to sell another home a few blocks over, a head of a local private-equity firm has listed a second Monument Avenue home that he purchased just last month.
Housing nonprofit, vying for Blackwell land, gets $1M boost
With a million-dollar assist from a local Fortune 500, an area housing nonprofit said it now will be able to extend its homebuilding efforts to Richmond’s Southside – announcing those plans at the same time it is vying for a contract for dozens of properties there.
Philadelphia firm drops $33M for apartments in Manchester, Shockoe Bottom
An out-of-town buyer has come back for another bite of the Richmond market, snagging two apartment properties from a local developer.
Hanover farm pitched for development with $2.7M price tag
A Hanover County farm under the same family ownership for decades is being floated for potential development, with uses including a winery on the seller’s mind.
Ukrop home highlights top December sales
The local high-end home sale market closed out 2018 with a deal that topped $2 million and another tied to a member of a prominent Richmond family.
$300M senior living section approved for Magnolia Green
A massive residential development in Chesterfield County is entering 2019 with an approval for one of its biggest projects to date.