“The developer exploited our desire to partner with the city…to push a grossly one-sided project that offers limited value to VCU Health but saddles us with all of the project’s costs and risks,” then-VCU Health CEO Art Kellermann said days before signing off on the deal.
Developer David “Poppy” Levine and Ben Edlavitch, an architecture student at UVA, teamed up for the show 16 years after Levine gave his grandson his first Lego set.
A vacant lot along Monument Avenue is planned for a three-story apartment building, while a site in the middle of a block farther west is being eyed for a six-home development.
Denver-based Richmond American Homes is making its entry into the market with two dozen home sites at Harpers Mill in Chesterfield.
UPS gets a local assist at New York Fashion Week, the Tuition Monster is up to new hijinks, and the state tourism office releases new web series videos. (BizSense Pro required)
A risk analysis of the deal, which last week drew added scrutiny from Gov. Glenn Youngkin, said the lease “was horribly one-sided, and certainly not what any of us would have recommended as a starting point for a complex transaction such as this.”
Reworked rules meant to permit short-term home rentals in Richmond while preserving the city’s available housing stock are heading to City Council for potential adoption Monday.
The petition to create a community development authority for the $2.4 billion project will be filed once the city-owned land conveys to the EDA.
Henrico in June paid just over $1 million to buy the former Bank of America branch at 4921 Lakeside Ave., which it is planning to use as a trailhead facility for the 43-mile Ashland-to-Petersburg trail.
“The widely publicized cancellation of the Clay Street development project in downtown Richmond…should serve as a wake-up call to the significant flaws in the current governance of the University and the Authority,” Gov. Youngkin said in a letter to General Assembly leadership.
Update your browser to view this website correctly. Update my browser now