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Dormant Petersburg schoolhouse slated for $24M redevelopment

Dormant Petersburg schoolhouse slated for $24M redevelopment
richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.

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Shockoe Hill Apartments for low-income seniors to get $15M renovation

Shockoe Hill Apartments for low-income seniors to get $15M renovation
Jonathan Spiers photos)
A senior apartment community in one of Richmond’s more imposing 19th-century structures is set to get a multimillion-dollar upgrade.
Shockoe Hill Apartments, a subsidized housing complex for low-income seniors in the 1860s-era Almshouse on Hospital Street, is slated for $15 million worth of renovations following a recent City Council approval allowing the issuance of tax-exempt bonds to fund the project.
The multifamily housing revenue bonds, to be issued by the Richmond Redevelopment & Housing Authority, will fund renovations to the complex’s 125 apartments and a conversion of one of the buildings into a community center and leasing office. ....

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