Richmond VA multifamily project

[Thomas D.]

I'm considering building a 25 unit building in downtown Richmond. Any one have any thoughts on the city and the return on a property like this? I'm most concerned with fees associated with the city to actually connect to utilities and other odd items that I have yet to research. I own multiple small single family and under 4 units and I have loved the rental market but saturation might be setting in due to some larger projects coming on line recently.