RICHMOND, Va, May 19, 2022 – Colliers is pleased to announce the sale of the High Street Land Development located in Petersburg, VA for $875,000.
Thalhimer Realty Partners purchased the land to develop 78 units across two phases. The initial phase will consist of 14 duplexes and will include 2-3 bedroom units with rooftop decks. Construction for the first phase is expected to commence in 2023. A second phase of development will include a 3-to-4 story building with 50 units of 1-2 bedrooms.
The land encompasses 4.219 Acres and is located in the historic district of Petersburg, minutes away from key transportation hubs such as I-95 and I-85.
Garrison Gore, Charles Wentworth, Hank Hankins, and Victoria Pickett represented the seller, Monroe Properties.
Media Contact:
Jullieanne Cueto
Communications Specialist, Virginia and Raleigh, Nc
804-968-1970