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Better Housing Coalition buys hotel in Scott’s Addition
September 26, 2016
A nonprofit developer has purchased a hotel most recently known as a Quality Inn for a redevelopment project in the rapidly changing Scott’s Addition area of Richmond.
In a competitive bidding process, the Better Housing Coalition plans to invest a minimum of $30 million to transform the six-story building at 3200 W. Broad St. and the entire block into a mixed-income apartment complex for families — with commercial space on the first floor fronting Broad Street.
Copyright Richmond Times-Dispatch. Find the full article here.
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