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Water leaks at Manchester apartments lead to $40M lawsuit between developer, current owner

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RICHMOND, Va. — Allegations of water leaks and shoddy construction at a Manchester apartment tower have pitted a local development group against an out-of-town investor that purchased the property five years ago.

The developers of River’s Edge are being sued by Denver, Colorado-based Four Mile Capital, which bought the 10-story building at 505 Porter St. in 2021 for nearly $50 million.

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