Blundon is under contract to purchase the property, along with two neighboring parcels that also front Main Street, from Historic Housing’s Louis Salomonsky and David White, who secured zoning for the project last year after a previous proposal for a 13-story condo tower was withdrawn due to concerns from area residents.

The three adjacent parcels – 2801, 2823 and 2825 E. Main St. – include the existing Shiplock Watch apartments building and a triangular-shaped parcel near the intersection of Main and Williamsburg Road that’s planned to be developed as landscaped parking.

Blundon said the deal, which is scheduled to close in the third quarter this year, came to him by way of Bruce Milam with Colliers International. Milam said Salomonsky expressed interest, during a meeting, in selling the properties but did not want a broad listing, prompting Milam to reach out to Blundon.

Read the full article on Richmond BizSense.