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Richmond VA Home Market is blossoming in Spring 2012

One of Richmond’s biggest home developers thinks 2012 is the year to start building again — and in a big way.

Bob Atack filed plans with Henrico County last week to build an estimated $200 million, 650-home development in the Varina section of Eastern Henrico. Construction for the development, called The Ridings, will start in spring 2013. New homes will be finished by the end of 2014, he said.

“It’s going to take some time to build out,” Atack said. “So we believe by the time we actually get the houses online we’ll have the opportunity to have the Ridings be a destination community.”

Atack said Varina is fertile land for development in Henrico.

“We’re starting to see a scarcity of lots in the western portion of Henrico, so it makes sense that people would start looking in the southeastern part,” Atack said.

More of the story here

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