The company in recent weeks sold a mixed-use complex near VCU, bought land in Petersburg and began demolition on the old Wesco site on Arthur Ashe Boulevard.
“What’s really happening is investment groups are seeing Petersburg as a stable place to invest now,” a developer said of the $9.4 million sale of the High Street Lofts.
Raymond L. McCue, MD, MBA, is the new chief medical officer for Bon Secours DePaul Medical Center. He will work with leadership and medical staff to ensure quality of patient care and safety.
Newly built Northside apartment complex sells to local buyer for $84M
Courtesy of Colliers)
In their second such deal in as many years, a local real estate firm has picked up a Tennessee-based builder’s latest apartment development in the Richmond market.
Bristol Development Group sold its 301-unit Canopy at Ginter Park apartments for $83.75 million to Capital Square, the Innsbrook-based firm that just over a year ago bought Bristol’s 2000 West Creek apartments in Goochland County.
The Canopy sale closed Dec. 30, with Colliers’ Mid-Atlantic Multifamily Advisory Group brokering the deal. The sale price amounts to $278,239 per door, and represents a nearly $29 million windfall for Bristol, which finished the complex last spring at a cost of $55 million.