Lincoln Avenue Capital is planning a complete renovation of the Chippenham Place Apartments, a 144-unit complex it acquired earlier this summer for $18.1 million.
National developer plans overhaul of income-based apartment complex in South Richmond
Charlotte Matherly
Charlotte Matherly is the 2023 BizSense summer reporter. She's a graduate of the journalism program at JMU. Please send news tips to [email protected].
Local indoor farming startup among finalists for piece of $500k Verizon climate tech prize
Scott’s Addition-based Babylon Micro-Farms, which sells and leases modular vertical indoor micro-farms to businesses and individuals, is one of 10 finalists for the Verizon Climate Resiliency Prize.
Local swag maker Brandito lands private equity deal, eyes acquisitions
“We’re in an industry that isn’t necessarily sexy, but it should be fun. It should have some sophistication that comes with it,” said founder and CEO Michael Lovern.
Midlothian’s Village Marketplace Shopping Center sells for nearly $20M
The deal for the Food Lion-anchored center encompasses over 135,000 square feet across about 15 acres in the 13100 block of Midlothian Turnpike.
Stone Brewing doubling Richmond production capacity ahead of Sapporo beer launch
The brewer’s East End facility is getting $40 million in upgrades as it prepares to become the hub for its new international parent company’s U.S. manufacturing base.
New RRHA homeownership initiative aims to get Richmonders out of public housing
“Public housing was never intended for folks to live in it generation after generation and generation … You have people with that mindset, and in part they have that mindset because there’s no hope,” said RRHA CEO Steven Nesmith.
Pet store slides into former 68 Home spot in the Arts District
The new store’s name, Dog House Cat, is inspired by the “Jeopardy!” before-and-after category, owner Ashley Smiley said.
Richmond region lands 32 on Inc. 5000 list, down from 38 last year
The top Richmond-area firm clocked in at No. 244 nationally, boasting a three-year revenue growth rate of 2,285 percent.
Uptown Neon looks to add some extra glow under new ownership
“I definitely feel like it’s a mix of mad scientist meets the creative genius that Doug was,” said Chloe Kottwitz, who recently took over ownership of the neon sign shop from longtime owner Doug Solyan.
Shockoe Bottom storefront swaps beignets for oatmeal cream pies
“You have a lot of places that have an oatmeal cream pie, but this is kind of the first of its kind, where it’s about oatmeal cream pies and it’s about elevating those specifically.”