From Councilperson Agelasto’s FaceBook page:

As of last Thursday, the City of Richmond became the official owners of 816 Riverside Park overlooking the James River in Oregon Hill. This derelict building has long been a concern to the residents of the neighborhood. It also has a prime location for would be homeowners. The City is exploring how best to return the property to private ownership. Stay tuned for your opportunity to live in a historic house with beautiful views of the James River and Hollywood Cemetery.

Some of the previous posts on 816 Riverside here, here, and here.