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Developer buys site for co-housing complex near the Diamond for $1.2M


Developer buys site for co-housing complex near The Diamond for $1.2M
Mike Platania photo)
Another piece has fallen into place for a Maryland firm’s new residential development near The Diamond.
Outlier Realty Capital purchased 1101 N. Arthur Ashe Boulevard for $1.22 million last week, giving it control of the 0.3-acre site on which it plans to build a six-story, 29-unit co-housing project.
Outlier’s version of co-housing, in this instance, involves tenants in the building having their own private bedrooms and bathrooms but sharing other living areas.
Based in Bethesda, Outlier’s portfolio includes over 20 multifamily developments near Northern Virginia and in Eastern Virginia, including over 2,000 co-housing beds. The Arthur Ashe Boulevard project is Outlier’s first in Richmond and will add 148 bedrooms to its tally. ....

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