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A recent land deal within eyeshot of The Diamond has taken nearly 150 apartments off the board for the neighborhood and put the site in the hands of a healthcare giant. 

Thalhimer scraps Arthur Ashe Blvd. apartment project, sells land to HCA

Thalhimer scraps Arthur Ashe Blvd. apartment project, sells land to HCA

https://richmondbizsense.com

John Blair

City Attorney/Acting Deputy City Manager at City of Staunton, Virginia

2w

This is a prime example of how rising costs (stubbornly high interest rates) just took 150 housing units off the board. If you read Conor Sen, I think he's 100% correct. When people start to renew leases for apartments this Fall, we're going to see rising rents for the next couple of cycles (maybe even large increases). The Fed's 2022 actions basically lead to the de facto cancellation of so many units across America. cc: Mike Lockaby Michelle LaVenture Gowdy Todd Rhea Conor Sen Neil Williamson

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