Richmond BIZSENSE

A Scott’s Addition property known as one of the neighborhood’s earliest adopters of historic tax credits and adaptive re-use has been sold to a Northern Virginia real estate firm.

Alexandria-based Bonaventure Realty Group last month purchased the Scott’s Edge apartments at 3408 W. Moore St. for $17.6 million, city property records show. The firm also picked up a nearby 0.7-acre surface parking lot at 1604 Belleville St. for $550,000.

Combined, the 94-unit apartment building and parking lot most recently were assessed by the city for nearly $11 million, according to city real estate records.

CBRE brokers Peyton Cox, Jonathan Greenberg, Robert Dean,
Yalda Ghamarian Howell and Thomas Leachman handled the transactions.

Scott’s Edge marks Bonaventure’s first foray into the city. However, the real estate development and management firm is very familiar with metro Richmond’s suburban multifamily market.

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