Heavy equipment prepares the ground for a new subdivision in South Side — fresh evidence that Richmond’s housing market finally is rebounding from the great recession. The $14 million development, called Riverside Heights, is expected to result in 59 upscale townhouses in the 5700 block of Bliley Road near Stony Point Fashion Park. The subdivision, expected to feature three-bedroom townhomes starting at $220,000, won rezoning approval in July 2012. Ryan Homes is undertaking the development.
