Assisted living-turned-apartment building in Carytown sells five years after redevelopment
The buyer was Lakeland Capital, which has spent more than $22 million on properties in Richmond since 2022.
Source: richmondbizsense.com
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The buyer was Lakeland Capital, which has spent more than $22 million on properties in Richmond since 2022.
The Parkwood apartments, which sit just south of the neighborhood’s commercial corridor at 3003 Parkwood Ave., sold earlier this month for $5.5 million.
Zac Frederick’s Crescent Preservation & Development wants to build 39 apartments between a Bank of America branch and a Mexican restaurant.
The redevelopment at 2300 Hermitage Road could potentially house a new corporate office for Breeden Construction.