Randolph West is a subdivision of Randolph in Richmond, Virginia. This website serves Randolph and surrounding areas. It is provided by the Randolph West Homeowners Association.

Turning Around Vacant Property in Richmond

From The Richmond City Department of Planning & Development Review:

Mark your calendar for Friday, August 20 for a educational discussion and panel on revitalizing vacant properties in Richmond.

Hosted by The Federal Reserve Bank of Richmond, the Virginia Local Initiative Support Corporation (LISC) and the Partnership for Housing Affordability, the morning will include a dynamic discussion with regional leaders and national experts about addressing vacant property issues in Richmond-area neighborhoods.

The forum will focus on existing tools and strategies, as well as explore new policy alternatives that address concentrations of vacant properties in communities.

Rachel Flynn, Director of Planning and Development Review, will be joined by two city attorneys at 9 a.m. to discuss “Neighborhood Stabilization Tools and Strategies in Greater Richmond” and review vacant property trend data in the city, local policy tools and strategies, and a case study that demonstrates how a vacant building can be turned around.

The second portion of the program at 10:30 a.m. will discuss “Neighborhood Stabilization Policy Alternatives” and the panel will include, Jim Kelly, Assistant Professor, University of Baltimore; Meredith Mishaga, Program Coordinator, Baltimore Neighborhood Collaborative; and  Racquel Reddie, Community Development Manager for the National Community Stabilization Trust.

They will discuss current foreclosure trends, impacts, programs and community development best practices that can help stabilize neighborhoods with high concentrations of vacant, foreclosed and/or bank-owned properties. Click here for more information.

Details:
Federal Reserve Bank of Richmond
701 E. Byrd St.
Friday, August 20, 2010 – 9 a.m. – 12 p.m.
Call (804) 422-5013 for more information.

Posted: August 13th, 2010 | Author: | Filed under: News, Real Estate News | Tags: , , , , , | 1 Comment »

3rd Quarter Richmond City Housing Analysis

From the Department of Community Development November 2009 Newsletter:

The city’s 3rd Quarter Housing Analysis shows that the average sales price in the city of Richmond for all residential units (4 units and below) was $182,253 as compared with $181,025 from last quarter, and $204,208 from this time last year.

Between July 1 and September 30, 720 units were sold as compared with the 2nd Quarter’s 956 units (compared to 1,164 units in the 3Q of 2008). There were 227 foreclosures in the 3rd quarter, down from 264 in the second quarter; which brings the 2009 total to date to 694. This is on pace to eclipse last year’s total of 768.

Posted: November 8th, 2009 | Author: | Filed under: News, Real Estate News | Tags: , , , | Comments Off on 3rd Quarter Richmond City Housing Analysis

Bye-bye BP

Looks like Mr. Eck is at it again, and I personally applaud him for this one. Ed Eck and the West Cary Street Planning Committee have proposed a new mixed-use development at the corner of Cary Street and Meadow Street. The development would take over the property where the BP station currently stands, and would be across the street from the Lofts at Cary Place. Apparently Mr. Eck has already spoken to the owner and he is open to selling.

Richmondbizsense.com has the full story.

In my opinion, this is great news for the area, but only if the development provides affordable residential and retail space. Over priced development has started to pop up on Cary Street (Townes at Cary Place) and other areas of Richmond. I think we can all agree that today we need to provide options to everyone – not just the top 5 to 10%.

Posted: April 30th, 2009 | Author: | Filed under: News, Non-Randolph, Real Estate News | Tags: , , , , , , , , | Comments Off on Bye-bye BP