Business
Two parcels on the edge of Scott’s Addition snatched up by developer
Another day, another parcel (or two) purchased by local developers for future use.
From Richmond BizSense:
Keeping the long game in mind, a Richmond businessman has added some bulk to his Scott’s Addition holdings.
John Freeland last month acquired the two parcels at 1404-1406 and 1508 -1512 Belleville St. along the northwest border of Scott’s Addition.
The combined 1.3 acre of land bookend the reclaimed wood manufacturer Surface Architectural Supply that Freeland co-owns. He’s also the brain behind the brawn of the four Richmond Crunch gym franchises, including the one in Scott’s Addition at 3600 W. Broad St.
“These were all very quiet, discreet deals,” Freeland said of the real estate purchases. “The numbers reflect the excitement and economic appeal of Scott’s Addition. The sellers got a very fair price.”
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