Real Estate News
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Developer Connell planning 47-unit apartment building at Tobacco Row site
Four years after a previous plan for the site was abandoned, a hillside property with a history of taller development proposals is being pitched for something shorter at the eastern end of Tobacco Row. Local developer Jeremy Connell is under contract to purchase the 0.3-acre site at 2723 E. Cary St., where his Pareto LLC is planning a 47-unit apartment building with...[READ MORE]
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‘iBuyer’ buys into Richmond’s residential real estate scene
Richmond’s hot housing market has attracted a new player that’s started buying up homes here as part of a national expansion. House Buyers of America, a 20-year-old company that offers an on-demand approach to selling a home, launched in Richmond over the summer as one of multiple expansions it’s made this year, including into Atlanta, Dallas,...[READ MORE]
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Baker School conversion completes Fay Towers rehousing trifecta
Sixty years ago, Robert Montgomery was a student at Baker Public School. Last week, he started calling the building home. The 71-year-old was among dozens of low-income seniors who were moved into the new Baker Senior Apartments from the nearby Fay Towers in neighboring Gilpin Court. The $15.8 million rehab and conversion of the former elementary...[READ MORE]
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Lowe’s distribution center to be built in South Richmond, not Hanover
A sprawling new regional distribution center for Lowe’s Home Improvement will now be built in South Richmond instead of Hanover County, where work on a previously planned site is ramping back up after a half-year delay. Lowe’s has signed a lease for a 1.2 million-square-foot facility at 3021-3205 Commerce Road, in Hourigan Development’s Deepwater...[READ MORE]
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Thalhimer follows lure of the Diamond District with $8M deal for 2 acres
While the city prepares to issue a request for proposals for the future of the Diamond District, developers are hungry for surrounding parcels around the newly-named neighborhood. Last week, Thalhimer Realty Partners purchased the 2-acre property at 953-957 Myers St. for $7.9 million, per city records. The site abuts West Leigh Street, just east of North...[READ MORE]
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Advocates say St. Pete needs policy changes to help fix housing crisis
ST. PETERSBURG, Fla — Kalz Daniel loves St. Petersburg. "I can't imagine living anywhere else," he said. To make things a bit more permanent, he'd like to put down roots and buy a house. And to help reach his goal, he's been doing what all the experts say you should. But he says the finish line, keeps moving. "I think from a personal finance...[READ MORE]
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Jordan blasts Israel after 1,300 apartments approved for sale in West Bank settlements
Jordan slammed Israel on Sunday, saying it “rejects and condemns” plans to build 1,355 housing units in the West Bank. Last week, the US expressed concern about Israeli plans to build 3,000 new homes in settlements, as well as the...[READ MORE]
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Holiday home tax hike a ‘blunt instrument’ without closing ‘loophole’
Gareth Williams, local democracy reporter Anglesey Council’s Executive has unanimously backed plans to increase the...[READ MORE]
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Iconic East Belfast hotel to be demolished for social housing blocks
One of East Belfast’s most iconic landmarks, Park Avenue Hotel, is to be demolished and replaced with social housing. The once-popular 56-room four-star Holywood Road hotel, which opened in 1959, closed its doors 12 months ago, and will soon make way for a 90 unit mixed tenure residential development. Elected representatives at Belfast Council’s...[READ MORE]
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Owners and tenants, against: keys and news of the new Housing Law approved by the Government today
Housing The Government estimates that the Housing Law will affect some 150,000 homes owned by large owners. Taxes The Treasury launches its ‘survey’: it changes the reference value of properties The first Spanish Housing Law will be born this Tuesday surrounded by controversy and with the position against all parts of the market, owners and tenants. The...[READ MORE]
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