Developer pays $10M for Richmond apartment project site on Grove Ave.

Posted at 6:50 AM, Dec 12, 2023
and last updated 2023-12-12 06:50:49-05

RICHMOND, Va. -- For the second time this year, a piece of the Museum District has fetched eight figures ahead of a major residential redevelopment.

The former Windsor Senior Living building at 3600 Grove Ave. has sold for $10 million, city records show.

The buyer was Georgia-based Flournoy Development Group, which is planning to raze the structure to make way for a new six-story, 253-unit building.

Flournoy’s project would be among the highest-density new builds seen in the Museum District in recent years.

Continue reading this story on Richmond BizSense.

EAT IT, VIRGINIA restaurant news and interviews



Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.