Developers sell riverfront apartment tower in Manchester for nearly $50M
April 23, 2021
The 10-story tower was completed in 2018 and will be joined by two more towers to the west. (
Mike Platania photo)
As they plot two additional riverfront towers in Manchester, two local developers have offloaded their first major addition to the neighborhood’s skyline for nearly $50 million.
Guy Blundon and Mark Purcell this week sold River’s Edge, a 10-story, 213-unit apartment tower at 505 Porter St., for $47.5 million, city property records show.
The tower’s new owner is Four Mile Capital, a five-year-old real estate investment firm based in Denver. Per its website, Four Mile exclusively targets multifamily buildings and has over 20,000 units under management across the country.
CarLotz moving headquarters from Manchester to Scott’s Addition
April 5, 2021 3
Prior to housing Need Supply, this office space in Scott’s Addition was home to Evatran, a local electric car startup. (
Mike Platania photos)
Richmond’s newest public company is pulling into a new headquarters.
CarLotz, the locally-based used vehicle consignment company that recently listed on Nasdaq, is preparing to move its home base from Manchester to the HandCraft building at 3301 W. Moore St. in Scott’s Addition.
The 10-year-old company has leased 20,700 square feet most recently occupied by retailer Need Supply, which used the space as its headquarters before going out of business last year.