With two new properties under contract, a fast-growing local development company is taking steps to increase its presence in the city.
Dobrin Properties plans to build six town homes in 901-911 S. Randolph St. in the Randolph district and has also signed a contract to purchase approximately 1.4 acres in 1108 Dinneen St. in New Town West. unit.
A 10-year-old real estate company does most of its work near the VCU.Its holdings include low-income Colorado Manor and Bradford Manor apartments. Got a total of $ 5.3 million in 2020And about 150 other single-family homes and apartments around the town.
Dobrin Properties has a three-year revenue growth rate of over 1,000%. 2021 Inc.5000 landed on the list Of the fastest growing private companies in the country
Jimmy Montgomery, Vice President of Business at Doblin, said the company has several areas of expertise.
“We are not only doing historic tax credit projects, but also infill lots and some refurbishments,” Montgomery said.
For the Randolph project, Doblin is acting as a developer in six new two-story town homes. The project is currently underway on 0.4 acres of playgrounds near the Mount Calvary Cemetery and the Riverview Cemetery. Montgomery said the company has a contract to buy real estate. This was recently valued at $ 200,000 by the city.
According to the plan submitted to the city, each town home will total approximately 2,300 square feet and will include four bedrooms, an office and a family room. River Mill Development is the project designer and KineVue Consulting is its civil engineer.
Meanwhile, on Dineen Street, just west of Maggie L. Walker Governor’s School, Doblin has a contract to buy about 1.4 acres. The site is currently used for industrial storage and has a 2,200 square foot office building.
Last fall, Doblin submitted a zoning letter to the city asking for confirmation of 123 apartments. But Montgomery said they were still in the planning process.
“Dinene is a long-term plan for us,” he said. “That’s not what we do right away.”
Doblin and its 12 staff are based near Monroward.