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Revitalization Opportunity of Hull Street Corridor Exists with Foreclosure Sale

Local Governmental Collaboration set to pull the community together to create quality living along an overlooked district of the River City.

 
 
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PRLog - June 13, 2012 - RICHMOND, Va. -- A Richmond-City/Chesterfield-County team has created the Hull Street Corridor Revitalization Plan and is accessing federal and local funding to beautify and revamp this neglected part of the city. Since a controversial annexation in 1969, the former part of Chesterfield has lacked amenities afforded other Richmond localities. Transportation issues, pedestrian safety with lack of sidewalks, and lack of an urban style drainage system are concerns shared by the residents.

All this is getting ready to change.

Local government’s priority shifted in 2010 with a $400,000 federal grant. They partnered with Virginia Local Initiatives Support Corporation to explore the Hull Street Corridor revitalization. This included exploring a VCU Urban Commercial Revitalization student plan created in 2008. A Request for Proposal was released in early 2012 and the Revitalization Team continues to hold Community Meetings to keep the residents in this area informed.  With plans to increase public transportation to this area, increase affordable housing and increase the number of pedestrians and bicycles, the future of the Hull Street Corridor looks very promising.

An opportunity to become involved in this change is being presented at a foreclosure auction on June 28 at 11 A.M. A 9,947 square foot Multi-Tenant Office Complex will be on the block by Motley’s Auction & Realty Group, most recently noted for the sale of the Virginia State Fairgrounds. As a local-owned Richmond-based company, Motley’s is dedicated to seeing the improvements of neglected areas. “I am happy to see local government proactively involved in economic growth, and Motley’s is proud to bring an opportunity to this revitalization process,” states company Vice President of Real Estate, Tim Dudley. The first ever collaboration of these two localities, partnershipaffordablehousing.com Regional Collaboration Community Transformation, is a great start to new, quality living in this sector of The River City.

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Source:Motley's Auction & Realty Group
Phone:1-804-355-2100
Zip:23230
Location:Richmond - Virginia - United States
Industry:Real Estate, Property
Tags:auction, motleys, office, Property, foreclosure
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