I attended the Tranzon auction of nearly a city block across from the Maggie Walker Governor’s School today. There were several heavy hitters at the auction including representatives from RAMZ. I’m not sure who the high bidder was, but I walked out as it was being wrapped up at $500,000 for the 1.3-acre site, not including the 10% buyer’s premium. The logical buyer is the school, but the site is in proximity to VCU and Virginia Union as well.
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- Home Building Association of Richmond
- HYPE Richmond
- Richmond Association of Realtors
- Richmond Home Facts
- ULI - Young Leaders Group
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About Rapport
RAPPORT is a business networking group for Young Real Estate Professionals in Richmond, VA.
The mission of RAPPORT is to foster professional development within the Richmond real estate community by bringing fellow professionals together to meet, share ideas and build relationships. Also, we will seek to engage in charitable and community oriented activites and programs to better enhance our industry’s visability and overall image.
January 31st, 2008 at 9:41 pm
[…] Richmond real estate blog Rapport has the some info on today’s sale of the 1.3 acres of 1011 North Lombardy for a cool $550,000. Posted by john_m at 8:41PM under redevelopment | Tags: Carver […]