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78-unit apartment complex planned for Petersburg

Construction to start 2023 on first phase

//May 19, 2022//

78-unit apartment complex planned for Petersburg

Construction to start 2023 on first phase

// May 19, 2022//

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A 78-unit apartment complex will be developed on a four-acre piece of land recently purchased in Petersburg, Colliers announced Thursday.

Thalhimer Realty Partners purchased the High Street Land Development from Monroe Properties for $875,000, according to Colliers.

Thalhimer will develop the apartments across two phases: With construction starting in 2023, the first phase will feature 14 duplexes and include two- and three-bedroom apartments with rooftop decks. The second phase will be a three- or four-story building with 50 apartments with one or two bedrooms each.

Garrison Gore, Charles Wentworth, Hank Hankins and Victoria Pickett with Colliers represented Monroe Properties in the transaction.

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