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‘Novel’ project will add 275 apartments to Scott’s Addition
Crescent Communities, ParkProperty Capital and Thalhimer Realty Partners are developing a 275-unit apartment community in a joint venture on the border of Richmond’s fast-growing Scott’s Addition neighborhood and the city’s planned Diamond District. Dubbed “Novel Scott’s Addition,” the communi[...]
78-unit apartment complex planned for Petersburg
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 […]
Goodwin House acquires Hermitage Northern Va.
Not-for-profit senior living and health care organization Goodwin House Inc. has acquired Hermitage Northern Virginia, a senior living community in Alexandria, from Pinnacle Living. The financial terms were not disclosed. Hermitage has 100 residents and more than 100 employees and offers independent living, assisted living and long-term care. It has two residential buildings and a […]
Cortland to invest $1B in Arlington apartments
Cortland, an Atlanta-based multifamily real estate investment, development and management company, will invest $1 billion in four Arlington apartment communities totaling more than 1,500 units, marking the company’s reentry into the metro Washington, D.C., market. The four properties include the 331-unit Aubrey apartment b[...]
Chesapeake office park sells for $5.7M
Poplar Hill Medical Center, a four-building medical office park in Chesapeake, has sold for $5.7 million, Divaris Real Estate Inc. announced Thursday. Texas-based real estate fund manager Woodside purchased the park in December 2020 and sold it to Charlottesville-based Seminole Trail Properties in a deal that closed May 6. When [...]
Va. Beach’s Frank Lloyd Wright house is for sale
A Virginia Beach house designed by famed architect Frank Lloyd Wright is back on the market for just under $3 million. The 3,020-square-foot home at the city’s North End, on Crystal Lake, was designed in 1953 for Andrew and Maude Cooke and completed in 1959. Maude Cooke wrote a letter to Wright seeking a design […[...]
Publix to open first South Hampton Roads store
Publix Super Markets Inc. will open its first grocery store in South Hampton Roads in Suffolk, the company announced Thursday. The 45,000-square-foot Publix will be on the southwest corner of Godwin Boulevard and Kings Fork Road, according to a news release. Publix has not given a timeline for the store’s opening. It will [...]
Clark Construction to expand in NoVa
Bethesda, Maryland-based Clark Construction Group LLC, the general contractor for several phases of Amazon.com Inc.’s HQ2, announced plans Tuesday to expand the company’s footprint in the mid-Atlantic region, including building a 128,000-square-foot office in McLean. The office will be at 7900 Westpark Drive in Fairf[...]
Cobalt Real Estate Solutions names new CIO
Virginia Beach-based investment fund Cobalt Real Estate Solutions has named Tim McCann as its chief investment officer, the company announced Tuesday. Cobalt, an affiliate of Divaris Real Estate Inc., is seeking to raise $50 million in equity to add $150 million in properties to its portfolio. and McCann will seek investment opp[...]
Capital Square names VP of marketing
Capital Square has promoted Sydney Hockaday to vice president of marketing, the Henrico County-based real estate investment firm announced May 9. Hockaday joined Capital Square in 2018 as the firm’s marketing coordinator and has been promoted three times, first to marketing manager in 2019, then to assistant vice president[...]
Richmond names 3 Diamond District finalists
City of Richmond officials announced Tuesday that three development teams have continued to the finals for the Diamond District, which includes replacing the baseball stadium and revitalizing the area near the Scott’s Addition neighborhood. The announcement also gives more details than previously available about the plans [...]
Skanska to construct $69M Va. Tech building
Virginia Tech’s $69.5 million Undergraduate Science Laboratory Building will be constructed by Skanska and completed by April 2024, the Swedish builder announced Monday. Virginia Tech announced plans for the building in late March, and construction started in April. The 102,000-square-foot building will provide teaching an[...]
