New condos pickering . Building villas

New condos pickering . Building villas. The developer plans to build 12 townhouses in the southern highland park.

The trend of modern residential fillings continues in the northern district of Richmond, with local developers planning a new set of townhouses on the edge of the enclave at the southern end of Highland Park.

Dorado Capital, based in Richmond, led by developer Harsh Thakker, is planning 12 modern townhouses on an acre of nearby 2705 Fifth Street, also known as Chestnut Hill / Plateau Historic District.

The houses for sale will replace the existing buildings to be razed and will be divided into two six-unit buildings with central lawns and community facilities including fire pits and tree swings. The average size of a three-bedroom, 2.5-bathroom house is 1700 square feet and costs more than $350000, each with a balcony and a floor recess connected to the lawn.

The project, known as Chestnut Flats, will be the first local development for Thakker, who lives and grew up in the Richmond area, but has been developing apartments in the DC area since graduating from Georgetown University. The 24-year-old said that so far, his local job has been single-family housing fillings.

Thakker says he co-founded Dorado, with two partners in 2019 to focus on modern design aesthetics. The property on Fifth Avenue caught their attention through the listings of One South Commercial’s Tom Rosman and Justin Sledd, he said. Andrea Levin and Michelle Rothman of Southern Real Estate Group are working with Thakker to sell and sell homes.

“We saw some good opportunities in Richmond because people moved here and housing inventory was low,” Thakker said. “We want to bring something walkable and novel, with an emphasis on green space, and in the end this part is very suitable.

“the location is constantly changing, but we think this is the right time,” Thakker said. He noticed that modern-designed houses were springing up and had been populated, renovated and renovated in most of the established neighborhoods in Northside. Existing houses.

City real estate records show that an entity linked to Dorado (Dorado) bought the land in November for $300000. The latest city assessment values the 1.20-acre property at $190000.

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