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State buys Main Street Centre for $49 million

State buys Main Street Centre for $49 million

Aaron Kremer October 8, 2008 0

The state of Virginia has purchased Main Street Centre for $48.8 million The 420,575 square foot Main Street Centre, located on the corner of 6th and E. Main Streets downtown, has been sold by

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The Pipeline: Commercial Real Estate Roundup for 10.03.08

The Pipeline: Commercial Real Estate Roundup for 10.03.08

Alec Depcrynski October 3, 2008 0

Jack P. Fine & Associates has purchased 7,000 sf at 2405 Chamberlayne Ave. in Richmond. The property is home to an Advance Auto Parts store. It was sold by Chamberlayne Developers for $1.56 million,

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Proposed downtown towers play waiting game

Proposed downtown towers play waiting game

Alec Depcrynski October 2, 2008 1

Two proposed towers on East Main Street downtown would be less than 18 feet apart from each other. If built, Centennial Tower and Pinnacle Place would loom over the city at 27 and 30

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Pipeline: Commercial Real Estate Roundup  9.26.08

Pipeline: Commercial Real Estate Roundup 9.26.08

Alec Depcrynski September 26, 2008 0

Doswell Hospitality LLC delivered the first of three hotels, called the Days Inn at Kings Dominion, in June. Doswell Hospitality sold the property to Sumtinath LLC for $3.2 million. Located at 16220 International St.,

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Rough patch for malls

Rough patch for malls

Alec Depcrynski August 28, 2008 0

Out of five Richmond malls, only one has a vacant storefront rate below 7 percent – Short Pump Town Center, at 3.8 percent. The highest empty-store rate belongs to the Shops at Willow Lawn,

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There’s hope for Hull Street yet

There’s hope for Hull Street yet

Alec Depcrynski August 7, 2008 0

What was once a main street of Chesterfield County, Hull Street is now the most run-down commercial strip in Richmond. Paper flyers and food wrappers get caught in the wind and ride aimlessly until

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Shockoe Bottom-ing out?

Shockoe Bottom-ing out?

Alec Depcrynski July 24, 2008 0

In 2004 Richmond’s historic Shockoe Bottom was devastated by Hurricane Gaston. Drainage systems malfunctioned and overflowed, and floodwater ran freely through the streets causing extensive damage to businesses. Four years later, the area is

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A Tale of Two Broad Streets

A Tale of Two Broad Streets

Alec Depcrynski July 15, 2008 0

The farther east you walk down Broad Street and away from VCU, the more beat up and empty it gets. There are “For Sale” signs, “For Lease” signs, and signs simply marked “Closed.” Some

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Coming spring 09: Boulevard Movie Theater

Coming spring 09: Boulevard Movie Theater

Aaron Kremer July 15, 2008 0

A new movie theater on North Boulevard in Richmond will be showing flicks in early 2009, according to a mondo banner that went up this week. Bow Tie Partners, the NY-based developer, is calling

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