Gateway Plaza takes top honors at local real estate awards

McGuireWoods is headquartered downtown in the new Gateway Plaza.

Gateway Plaza

Richmond’s newest office tower can stand a little taller.

Gateway Plaza, the 18-story building completed last year at 120 S. Ninth St. by Chicago-based developer Clayco, was named Project of the Year at the Greater Richmond Association for Commercial Real Estate’s 15th annual awards ceremony Tuesday evening.

Held at The Country Club of Virginia, the event honored 15 local projects and nine local transactions.

The $124 million, 307,000-square-foot Gateway Plaza is anchored by law firm McGuireWoods, which vacated James Center in favor of the new tower. Other tenants include TowneBank, CCA Industries and Potbelly Sandwich Shop. BizSense held its first Hard Hat Happy Hour on the building’s unfinished ninth floor last month.

Other honorees from the evening included Robin Miller, Dan Gecker and Mark Purcell’s 10-story Terraces at Manchester, Ted and Katie Ukrop’s Quirk Hotel, Henrico County’s Libbie Mill Library, and the Tait Saunders Mulvaney office in Scott’s Addition, built by Louis Salomonsky’s SWA Construction.

Here are Tuesday’s winners:

Award-winning projects:

Project of the year: Gateway Plaza
Industrial: Altria Logistics Complex, Chesterfield County
Medical office: Medarva Building – West Creek Medical Park
Office – best historic renovation: Powers-Taylor Building
Office – best interior renovation: Evonik Business and Innovation Center
Office – most creative design: Tait Saunders Mulvaney
Retail: Ellwood Thompson’s Remodel
Hospitality: Quirk Hotel
Transformational impact award: Libbie Mill Library
Institutional – sports & recreation: VCU Basketball Development Center
Institutional – most creative: Greater Richmond ARC Universal Park
Multifamily suburban: Retreat at West Creek
Multifamily urban: The Terraces at Manchester
Multifamily adaptive reuse: The Preserve at Scott’s Addition
Mixed: Landmark at 1700

Award-winning transactions:

Transaction of the year: Hamilton Beach Headquarters
Investment sale: Westpark Shopping Center
Retail sale: Eastgate Town Center redevelopment
Office lease new: Libbie Mill Midtown – Rutherfoord
Office lease renewal: Perimeter Center – Commonwealth of Virginia
Industrial sale: Airport Center Buildings
Land sale: Stone Brewing Company, Richmond
Urban pioneer: Manchester Town Center
Multifamily: The Timbers Apartments

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Bruce Milam

Was the Stone Brewery deal an actual sale? One city agency picked it up from another city agency and did a build to suit lease to Stone, right? No transfer price, any transfer taxes?