Richmond development roundup for 2020
December 29, 2020
A rendering of the planned 7-story Soda Flats development next to the Hofheimer building in Scott’s Addition. (
Courtesy city documents)
Pandemic be damned, the COVID-fueled economic downturn didn’t seem to slow down development interest in the Richmond region in 2020.
Here’s a recap of some of the biggest projects that made headlines in Richmond this year:
Greater Scott’s Addition
The intersection of Ownby Lane and Overbrook Road continued to draw developer interest this year. Spy Rock Real Estate is planning a major mixed-use project that will place around 300 apartments and condos on six acres surrounding Hardywood Park Craft Brewery, which is renovating its taproom in the neighborhood.
Two Chesterfield multifamily properties fetch a combined $53M
Mike Platania photos)
Correction: An earlier version of this story incorrectly reported the unit count at Broadwater Townhomes, affecting the per-door price calculation. The total sale price for the complex also has been adjusted based on additional information received after publication.
Another batch of 8-figure deals has closed in Chesterfield, as the county’s multifamily market stays red-hot.
Broadwater Townhomes and Bristol Village at Charter Colony apartments sold in recent weeks for a combined $53.8 million, per county property records.
The Broadwater complex, at 15149 Broadwater Way in Chester, was acquired for $37 million by Fairfield Residential, a San Diego-based firm that owns over 42,000 residential rental units across the country.