N.J. de­vel­oper buys 80 acres in Hen­rico

Richmond Times-Dispatch Weekend - - BUSINESS -

An 80-acre par­cel in east­ern Hen­rico County planned for res­i­den­tial de­vel­op­ment with a small vil­lage shop­ping cen­ter has been sold to a New Jersey de­vel­oper.

The site, off Wil­liams­burg Road west of In­ter­state 295, was bought by

Sal­va­tore Can­giano for $1.35 mil­lion, ac­cord­ing to com­mer­cial bro­ker­age CBRE|Rich­mond, which rep­re­sented the seller, Es­sex Bank, in the trans­ac­tion.

The prop­erty could have up to 230 town houses and 43 sin­gle-fam­ily homes un­der Can­giano’s con­cep­tual plan. Hen­rico su­per­vi­sors ap­proved the re­zon­ing re­quest in Au­gust.

The sale trans­ac­tion was han­dled by Zach Roski and Tom Voze­nilek of CBRE|Rich­mond.

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