Developer pays $9M for part of 1,600-home Avenlea site in Short Pump - Richmond BizSense
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1 Articles
Developer pays $9M for part of 1,600-home Avenlea site in Short Pump - Richmond BizSense
A local developer has secured more of the land it needs for a massive project planned in Short Pump. Markel | Eagle Partners last week acquired the second of six parcels slated for its 1,600-home Avenlea project. An LLC tied to the Henrico-based firm paid $9.1 million for 44 acres at 12700 Bacova Drive in a deal that closed Jan. 30. The partly wooded property, which includes farmland and a pond, makes up about a quarter of the Avenlea site, whic…
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