News Real Estate

Albemarle County biotech company to add 200 jobs at expanded facility

Albemarle County’s campaign to grow the biotechnology industry showed a major sign of progress earlier this month when one company announced plans to invest $200 million into an expansion project.   “We want to expand our manufacturing to make sterile medicines, put in clean rooms, and create really, really great jobs,” said Afton Scientific’s Tom […]

Sean Tubbs | October 9, 2024

News Real Estate

A hotel seems more likely at Artful Lodger shopping center

A New York-based developer who had planned to build a nine-story apartment tower on the site of a downtown Charlottesville shopping center has sold the property for $5.75 million.  Jeffrey Levien’s company Heirloom Development bought 218 W. Market St. in June 2020 for $4 million, but sold the property in mid-September to Cavalier Hospitality LLC. […]

Sean Tubbs | October 2, 2024

News Real Estate

Major real estate transactions taking place this month in Fifeville

As planning and negotiations continue over a grocery story at 501 Cherry Ave., major transactions continue to take place in the Fifeville neighborhood.  On September 9, the firm Neighborhood Investments paid $2.24 million for an undeveloped property between Roosevelt Brown Boulevard and Ninth Street SW. There have been several development projects associated with the land, […]

Sean Tubbs | September 25, 2024

News Real Estate

Albemarle County to seek federal funding to jump-start initiatives

The recent purchase of the Cavalier Crossings apartment complex on Fifth Street Extended by an Alexandria-based investment company prompted one member of the Albemarle Planning Commission to tell his colleagues the county should be investing in “social” housing.  “If we can think about how we can put county resources toward public goods, which to me […]

Sean Tubbs | September 18, 2024

News Real Estate

Closing arguments filed in challenge to city’s new zoning code

The waiting game continues for a lawsuit filed earlier this year that seeks to nullify Charlottesville’s new zoning code.  A group of residents filed suit against Charlottesville in January alleging that city officials failed to follow state guidelines to study the impacts higher residential density allowed in the Development Code would have on transportation infrastructure. […]

Sean Tubbs | September 4, 2024