With another Richmond Folk Festival in the books, work is about to get rolling on the $30 million Richmond Amphitheater project from Coran Capshaw’s Red Light Ventures.
Jonathan Spiers
The Pitch: Advertising and marketing news for 10.17.23
Country singer Luke Bryan gets a bacon bait lure crafted in Richmond and two Stanley Cup champs appear in a locally produced ad. (BizSense Pro required)
JLARC poised to examine VCU Health in light of failed development
Scrutiny over the failed downtown development that cost VCU Health $73 million to back out of is prompting a closer look by the Virginia General Assembly’s investigative arm.
‘Wait till they really hear the deal’: Despite efforts, doomed VCU Health development couldn’t be saved
Emails show that the exit payment offer was at one point as high as $142 million, before the health system and its landlord settled on $72.9 million.
18-acre Sharp family estate in Rivergate sells for $8.7M
The property and its 21,000-square-foot mansion was purchased through a Florida-based LLC. It was previously the home of Rick Sharp, the late Circuit City CEO and CarMax founder.
$2M Mooreland Farms deal tops list of priciest home sales in September
The 6,100-square-foot house was the month’s priciest sale at over $2.1 million, edging out four other sales that were each separated by $100,000.
$2M land deal clears way for condo project in western Henrico
The group behind the project include the founders of Henrico-based Legacy Land Development and a former division manager for Ryan Homes, Legacy Land’s preferred builder.
City’s plan to increase shelter capacity could include new site on Belt Blvd.
Other planned enhancements include added shelter capacity at a former hostel building downtown and at the Salvation Army’s HQ in Northside.
Six-story mixed-use building gets initial nod for Northside intersection
An LLC tied to Fairfax-based Sugar Mill Construction is behind the project along a stretch of Lombardy Street just west of Chamberlayne Avenue.
‘He won’t stop’: Health system CEO fought for VCU leadership to reconsider costly downtown development
“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.