A resident of the Andover Richmond Apartments at the corner of Richmond and Graustark passes on word to Swamplot that a “midrise luxury style residence” is being planned for the 2.9-acre site near Graustark — after the courtyard-style apartments that have stood there for more than 50 years are demolished. Residents with month-to-month leases will be given 35 days’ notice to vacate, the resident reports. Those with time left on their leases will be dealt with individually and possibly given incentives to vacate before the end of next January. Swamplot reported the sale of the complex to an arm of REIT factory Behringer Harvard yesterday. According to the tipster, some residents have already been told that their homes will be torn down, so they can beat the expected “flood” of residents looking for similarly priced apartments in the area.
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Those might be hard to come by. Two-bedroom units in the apartments at 1301 Richmond averaged $825 a month, and 1-bedrooms went for $725 — well below the prices for newer properties in the area. The resident says the complex was “immaculately maintained.” Units included hardwood floors, dishwashers, and walk-in closets. The complex has 2 large courtyards, a pool, and a gated parking area.
- Previously on Swamplot: Changing of the Guard at a Castle Court Complex
Photos: Andover Richmond Apartments