At least 670 new home coming to Richmond … eventually

Real Estate Growth

The Richmond city council has voted to allow six qualified developers to submit a request for proposal in the coming months for the desirable Point Molate site. Long a point of controversy, the city of Richmond reached an agreement with a Native American tribe that had wanted to build a casino on the site that calls for 70 percent of the 413 acres to be kept as open space as well as preserving buildings in the Winehaven Historic District.

To add to the complexity, the area currently has no water or electricity so a fair amount of infrastructure work must be completed before actual development can begin.

Needless to say, considerable work remains to be done before these 670 homes will be completed. But it’s a start.