Two developers who abandoned their original idea for an old tobacco company space downtown are ready to move forward with a plan to convert the decrepit buildings into more than 70 apartments.
Burl Rolett
‘It’s a very tired structure, and it needs to be replaced’
A run-down East End mall is on track to be razed and replaced with a new town center development.
Feeling confident, REIT lets new project take off
A Pennsylvania real estate company with a large Richmond portfolio has started construction of the last piece of its eight-building industrial park.
Richmond brewery seeps into the capital
Hardywood Park Craft Brewery has struck a distribution deal to get its beers on taps and store shelves in Washington, D.C. It’s the three-old company’s second expansion outside of Richmond.
The Pipeline: Commercial real estate roundup for 6.20.14
A Three Chopt Road retail strip center has a new owner. A church buys a massive warehouse. A lawn and garden supply distributor comes to Virginia with a 40,000-square-foot space in Henrico County.
Stony Point Fashion Park to be sold in $1.4B deal
One of Richmond’s largest malls will soon have a new owner as part of a Connecticut REIT’s billion-dollar shopping spree. When the deal closes later this year, it will be the third local mall to have an ownership change since 2013.
Massive paper factory deal unfolds in Chesterfield
A Chinese paper company has picked Chesterfield County for its first advanced manufacturing operation in the U.S. It will invest pump $2 billion over the next five years and the plant is expected to create 2,000 jobs over time.
Downtown real estate firm reaches into Fredericksburg
A local real estate company has a deal in the works to acquire a management portfolio of 71 single homes, six commercial properties in Fredericksburg.
City’s latest apartment project clears one hurdle
Developers Louis Salomonsky and David White got the city planning commission’s approval for their next apartment venture, a nearly 180-unit complex near the Diamond. The project may include a mixed use section, depending on the future of baseball on the Boulevard.
Church resurrects neglected warehouse
A Midlothian church with a congregation of more than 1,000 purchased an old Costco store and plans to convert the vast space into an auditorium-style megachurch.