Richmond’s Reserve changes hands; due for renovation

​​RICHMOND​ – Reserve
at River Park West, a 288-unit multifamily community, has been acquired by
Carroll Organization.​

I​​t is part of the master-planned community of River Park West bordering the Brazos River, which offers nature trails and greenways.

​Amenities
include a 4,000-sf resort-style clubhouse with billiards room and wireless
internet connection​​.

Business plans for the property includes renovation to both its exterior and interior to take advantage of increasing demand in the market. 

The area surrounding the Reserve is rapidly expanding, with population in a one-mile radius expected to grow by 44 percent from 2015 to 2020, according to the company.​​