NewsLocal News

Actions

New apartment building with 13 units to open at Broad and Lombardy

New apartment building with 13 units to open at Broad and Lombardy
Posted at 2:27 PM, Sep 10, 2015
and last updated 2015-09-10 14:27:27-04

RICHMOND, Va. — A well-known local developer is back in action in the heart of VCU.

Louis Salomonsky is in the midst of renovating the 11,000-square-foot property at 613 N. Lombardy St. into a 13-unit apartment building with commercial space on the ground floor. The two-story building sits at North Lombardy and West Broad streets and formerly housed the Nehemiah House of Prayer.

Construction started in late August and should finish up by March of 2016. It will cost about $1.5 million. First Capital Bank is the lender.

Earlier this year, Salomonsky’s Main Street Realty sold the 123-unit Coliseum Lofts a few doors down from his Lombardy project. And though he is also a partner with development firm Historic Housing, Salomonsky said he is working this latest project on his own.

He said the reason for doing the project was simple: he owns the building.

“Now was a good time, this is what we do for a living,” he said. “It’s a leftover project.”

Continue reading on RichmondBizSense.com.