An entire block of prime West Broad Street frontage along Scott’s Addition’s southern border is now under the control of a single ownership group.
A company led by Charles Bice of Richmond-based KB Building Service and Birck Turnbull of Cushman & Wakefield | Thalhimer last week purchased the former bingo hall building at 2900 W. Broad St. for $1.2 million, according to city records.
The deal closed Jan. 25. The 19,000-square-foot property, previously owned by Yeshiva of Virginia, is assessed at $1.06 million.
With the bingo hall in its possession, Bice and Turnbull’s group now owns all the storefronts along West Broad Street between Altamont Avenue and North Sheppard Street in the city’s most rapidly developing neighborhood.
Bice said in an email that his group looks to “develop a use that will enhance our other tenant businesses on the block, including Gather, Three Notch’d Brewing, The Dog Wagon and, soon, The Richmond Wine Station.”
He did not give any further detail on plans for the bingo hall.
Around this time last year, the building was under contract with Christiansburg-based nonprofit Community Housing Partners. That group had planned to go vertical on the site, with a five-story project dubbed Beacon on Broad that was to include about 8,500 square feet of commercial space and 50 multifamily units.
However, the project never came to fruition and the property went back on the market. Martin Blum from Colliers International represented the seller.
Bice and Turnbull have been staking their claim in Scott’s Addition for quite some time.
They led the redevelopment of the Gather building at 2920 W. Broad St., which in addition to the coworking brand has attracted Three Notch’d, The Dog Wagon and Richmond Wine Station. In 2015 they purchased the neighboring former Joy Garden property at 2918 W. Broad St.
The team paid nearly $2.9 million to secure all three properties on the block, according to city records.
Developers and investors have been lining up to grab a slice of Scott’s Addition, luring new residences, breweries, entertainment, and retail and office space to an area that was once largely industrial.