A derelict block in Shockoe Bottom is about to get a major makeover. A group of local developers plans to turn the block into a mixed-use development with more than 200 residential units, 12,000 square feet of retail space and a restaurant. Construction could start next month. Developer Marcus Galt has spent the past two… Read more »
Developer Marcus Galt
Shopping malls facing first-quarter fears
Richmond area shopping malls are holding steady, but trouble might be on the way as major retailers plan to close stores. A BizSense study found that the combined storefront vacancy of six area malls is 9.6 percent. Brian Glass, commercial retail broker for Grubb & Ellis | Harrison & Bates, said the percentage of empty… Read more »