The almost century-old Acme Paper warehouse in Manchester is being converted into a $6.5 million, 70-unit complex called Perry Place Apartments. The historic renovation joins a growing list of redevelopment projects in the Southside neighborhood and is expected to be ready for residents by the end of summer.
Al Harris
Richmond among Top 20 cities for young workers
Richmond is one of the 20 best cities of its size for young professionals, according to Next Generation Consulting. Next Generation is a market research group that focuses on the 20- to 40-year-old demographic. The firm’s Next List is a ranking of the best places for Gen-Xers and Millennials to work and live. Richmond came… Read more »
Developer withdraws from Hanover project
A Washington developer has pulled out of its commitment to buy and develop 36 acres near Bass Pro Shops in Hanover County. So far, the boat and fishing store is the only structure. But outlet shopping is still on track.
The Pipeline: Commercial Real Estate Round Up for 6.12.09
GPM Investments, an operator of convenience stores on the East Coast, has leased 25,600 square feet at 8565 Magellen Parkway in Henrico. Precision Recycling leased 15,300 square feet at 13101 N. Enon Church Road in Chesterfield.
Commonwealth Biotechnologies stock surges
Shares of Chesterfield-based Commonwealth Biotechnologies almost doubled Thursday, closing at $0.76 a share. Stocks that trade for less than $1 are notoriously volatile, but this seems to be on account of a deal with a of GL Biochem in Shanghai. (You can read about that here.) The company is also losing less than last year,… Read more »
Legislators have their hands out
Richmond’s congressional delegation has submitted earmark requests for more than $105 million in federal funding for projects in the metro region for fiscal 2010. The projects run the gamut from local hospitals to economic development.
Martin Agency finalist for Expedia account
Expedia.com is shopping for a new ad agency and The Martin Agency is among a group of three finalists, Adweek reports. The three (the other firms are from New York and Boston) were selected from a group of six agencies competing for the creative duties on the travel site’s ad account. Final presentations are expected… Read more »
No more bottled water for City Hall
Glug…glug…gone. A tight city budget means no more water coolers to congregate around for workers at City Hall. Parched employees will now have to turn to the old-fashioned water fountain to quench their thirst. The city ended its contract with Diamond Springs at the end of May. The company provided bottled water and coffee services… Read more »
Eight Richmond branches now M&T Bank
Eight local bank branches previously operated by Maryland-based Provident Bank are under new ownership, and the new owner has a reputation for being SBA-friendly.
Biotech company expands in China
Stock in Chesterfield-based Commonwealth Biotechnologies nearly doubled on news that the company is planning to acquire GL Biochem in Shanghai. CBI researches drugs for companies that develop them.