Last week marked the groundbreaking for Stonebridge, a new mixed-use project that will replace the abandoned Cloverleaf Mall in Chesterfield County.
Cloverleaf mall
Rainwater rules cast cloud over development
Developers are lining up in opposition to new storm water requirements they say will dramatically increase the cost of development in the commonwealth, and may even scare off the sort of large companies that could bring thousands of new jobs.
Rough patch for malls
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, at 17.4 percent. Malls might be in for a rough patch. Consumers are downsizing. They’re buying Smart Cars and hybrids instead… Read more »