Better Housing Coalition mulling plans for former Quality Inn hotel in Scott’s Addition after legal issues settled

Better Housing Coalition mulling plans for former Quality Inn hotel in Scott’s Addition after legal issues settled

The housing nonprofit, which purchased the blighted building with the intention of redeveloping it into a mixed income, mixed use facility, will decide whether to go forward with the project or sell the property now that a legal dispute has been settled.

Photo: Priceline.com

From Richmond BizSense:

A Richmond housing nonprofit is weighing its options for a stalled Scott’s Addition project after resolving its legal dispute with a local developer.

Better Housing Coalition announced Thursday it has reached a settlement with Henrico-based Dominion Diversified Real Estate Group, which had alleged the nonprofit stole its idea to redevelop the former Quality Inn & Suites building at 3200 W. Broad St.

The settlement, terms of which were not disclosed, frees BHC to go forward with the project or pursue other options, such as a joint venture with a developer or selling the property, CEO Greta Harris said.

Read the full article here.

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