When I first saw this article on Richmond BizSense.com I was confused due to the name switching from Richmond Overlook to The Belle Summit Apartments but a little reading and it became it is the same development that we’ve been discussing for awhile. Gary Hammond, a principal with Bridgeland attempts to sway neighborhood concerns about the term low income and gives a vague timeline for work to start. Bear in mind that the timeline is dependent on receiving a special use permit.
“Section 42 (low income) housing is designed for good, hard-working people who just happen to make what is defined as low income. Nobody is paying their rent for them.”
Hammond said his residents will all make between $26,000 and $38,000 per year for a family of one to four people.
The general contractor for the project is an division of the company called Agile Construction. Most of the work will be done by local subs, Hammond said.
Bruce Milam, a broker with Colliers International (formerly Grubb Ellis Harrison Bates) who represents the Manchester lot’s owner, said the deal on the land should close later this fall and the project should break ground in December.