The $5.2 million payment was officially due Feb. 28, but a purchase agreement for the massive arena-anchored development allowed a 10-day cure period that expired Thursday at midnight.
HBAR’s latest annual rankings show the 10 busiest firms in the region last year built 10 more homes than the previous year but saw their combined sales volume increase by $100 million.
Saunders joins Shockoe Bottom-based Capital Results, which worked with Saunders on opposite sides of the table while representing companies involved in such projects as the Diamond District and Allianz Amphitheater.
Papa Johns gets a new campaign from a downtown firm, and a PR shop enlists a local peer for rebranding and office design work. (BizSense Pro required)
“Quite candidly, we’re at the end of the useful life of that building,” said CEO Chris Henderson of Pinnacle Living, which is planning an overhaul of the retirement community in Northside.
The 1960s-era modern-design house was built by Anne and Mark Sternheimer. The unnamed buyers plan to renovate and document the process on Instagram.
The sale of an initial 18 acres was the next needed step for the mixed-use portion of the 67-acre development that includes the under-construction CarMax Park stadium.
The default notices followed a nonperformance notice that the county sent the developers in December, as well as a missed payment of over $5 million that was due last Friday to secure the site of the project’s planned anchor arena.
A hotel-anchored development that’s been years in the making for a vacant corner of Jackson Ward appears to be a go.
An amended plan for the proposed Genito Crossing redevelopment calls for the former cinema-turned-church property to be filled with 111 for-sale townhomes, less than half the proposed density of the original plan.
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