From Richmond Bizsense:

Sensei Development and Monument Construction have spent $4.7 million so far. The project is part of an entire rehabilitation of the block bounded by Main and 21st streets — which is projected to cost $35 million. Marc Galt, managing director of Sensei, said 21 units will be finished Dec. 15, with the remaining units being completed soon after…

The apartments are just the beginning. The vision is to create a total of 225 residential units around 10,000 square feet of commercial space, underground parking and a patio garden linking the different buildings. The entire complex will be named Shockoe Valley Heights and was designed by Walter Parks architects. [via]

In December, Richmond BizSense had the story on a mixed used development proposal at 21st St. between Franklin and Main. Now Richmond BizSense is reporting that Marcus Galt and Monument Construction have secured financing for the first phase of the project, 41 residential units called Bobber Flats. Construction will begin soon. [via]