The deal gives the nonprofit some extra cash to cover the increased costs of its day-to-day operations and construction at its campus.
UMFS sells senior apartment complex near Scott’s Addition for $26M
Jack Jacobs
Jack joined BizSense in 2020, covering startups, retail, healthcare, public companies and nonprofits. He previously reported for the Virginia Gazette and Tidewater Review. He is a graduate of Christopher Newport University. Reach him at jack@richmondbizsense.com or 804-554-6545.
Toast restaurant in Village Shopping Center sold to industry veteran
“I got to meet Josh and Jessica over there and we just sparked a friendship,” said new owner Bob Graham. “I always had that itch to run my own restaurant.”
Supervisor’s resignation leaves land deal, property owners in limbo
A deal that had been under discussion for several years was derailed by Leslie Haley’s departure for the attorney general’s office. “We had a deal almost worked out,” said Joe Beauchamp, who owns some of the property in question on Coalfield Road.
Downtown coffee shop Alchemy plans transition to co-op model
In a bid to combat a tough labor market, the founder of a Richmond coffee shop wants to bring a cooperative ownership model to the business he started a decade ago.
Ethiopian coffee shop opens in Jackson Ward
Buna Kurs, named for the Amharic words for coffee and breakfast, opened last week in the former Saadia’s JuiceBox and Yoga Bar space on North Second Street.
‘Goth cowboy’ shop tries on bigger space on Broad
Saturn Return has reopened in its new location across behind City Diner on West Broad Street after several years in a smaller storefront near VCU.
New restaurant takeout app launches with Richmond restaurateurs as owners
FoodUp was founded by software developer Phu Nguyen but is owned by the operators of five of the local restaurants that use the service and is organized as a co-op.
Retailers Sierra, Homesense open first local stores in Short Pump
The chains, both owned by TJX Cos., have divvied up a big box formerly occupied by Stein Mart.
Ice cream maker Charm School to open in former cupcake spot in Scott’s Addition
The new space will be used for ice cream production, and eventually for retail sales of pre-packed pints and cups for takeout. The move follows the closure of its store in the Arts District this summer.
New-to-market physical therapy chain opens in Chesterfield
Cora’s Midlothian clinic is the company’s first in the Richmond region but the 18th in Virginia.
