78-unit apartment complex planned for Petersburg
Construction to start 2023 on first phase
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 14 duplexes and include two- and three-bedroom apartments with rooftop decks. The second phase will be a three- or four-story building with 50 apartments with one or two bedrooms each.
Garrison Gore, Charles Wentworth, Hank Hankins and Victoria Pickett with Colliers represented Monroe Properties in the transaction.