New apartment projects on tap for Manchester in Richmond
- August 18, 2011
Two developers have purchased land to build new apartment projects in Richmond’s Manchester area, which has been attracting lots of new development south of the James River. Dominion Realty bought a 1.8-acre parcel at 901 McDonough St. and plans to build a $15 million,188-unit complex there. It purchased the land for $2 million. Based out of Raleigh, N.C., Dominion also is redeveloping the Hotel John Marshall in downtown Richmond into a residential/retail project. A second company, Ravin Partners, based out of Charlotte and Raleigh, bought a two-acre parcel at 700 Cowardin St. at the foot of the Lee Bridge. It plans a 200-unit complex that would be called Manchester on the James.