Twenty-acre Site in York County Approved for 288 Apartments
Virginia Business Work is continuing on a new apartment and single-family residential development in Lightfoot. Harvey Lindsay Commercial Real Estate in Norfolk announced the closing of the first of four sites in Arbordale, a new 83-acre residential development in York County.
Harvey Lindsay represented the landowner, Bulifants LP, in the $2.4 million sale of the 20.3-acre site approved for 288 apartment units to the master developer, Bulifants Residential LLC, controlled and managed by Peter V. Henderson.
According to Harvey Lindsay, Bulifants Residential LLC successfully rezoned Arbordale last year and has broken ground on the infrastructure needed for the apartments and single-family and townhome portions of the project. Simultaneously with its purchase of the apartment site from Bulifants LP, Bulifants Residential LLC sold the apartment site for $6.1 million to DE Arbordale LLC, an affiliate of Bonaventure Realty Group LLC.
Trip Ferguson and Jay Joseph of Harvey Lindsay represented Bulifants LP in this transaction.