In the report that was due to legislators Tuesday, interim CEO Marlon Levy says the health system’s mission is “not to subsidize government revenue because of (the developer’s) failure to create a revenue-generating project.”
Jonathan Spiers
Developer taking Hanover apartments fight to state appeals court after lawsuit is tossed
The dispute centers on county supervisors’ rejection last November of a rezoning for Summerlyn, a $27 million project by Larry Shaia and Jesse Lennon that would have been Hanover’s first 55-and-up rental community.
City to pay $2M for Cary Street building for new pet adoption center
The city plans to purchase the vacant building for a new pet adoption center that would supplement Richmond Animal Care & Control’s current facility on Chamberlayne Avenue.
$60M final phase of Highland Grove redevelopment officially breaks ground
The years-in-the-making project in the city’s Northside is planned to add about 125 attached and detached for-sale homes with a mix of income-based and market-rate units.
Downtime: Retired CapTech exec joins Sportable CEO on dual bike ride fundraiser
“We can be even more powerful together,” said Kevin McQueen, a Sportable board member who’s joining CEO Hunter Leemon for his third fundraising ride in as many years.
Plans progressing for pair of infill apartment buildings along Broad St. in Shockoe
The two five-story projects would add dozens of new apartments along a stretch of Broad that serves as a gateway between Shockoe Bottom and Church Hill.
The Pitch: Advertising and marketing news for 9.24.24
Branding work starts for Richmond’s Diamond District project, a downtown ad shop collaborates on a children’s book and a local agency opens its first office. (BizSense Pro required)
Airport commission to vote on $30M bond issuance for passenger bridge replacements, restroom rehabs
The bonds would provide a form of bridge financing for the projects, the costs of which are expected to exceed the roughly $10 million in forecasted revenues from so-called passenger facility charges.
Local REIT’s ex-CEO lists Windsor Farms house for $3M
The seller is Tim Messier, the former CEO and board chairman of Medalist Diversified REIT who departed the firm last year amid pressure from shareholders.
Emerson tweaking 261-unit ‘workforce housing’ project near Meadowville tech park
“When you look at all the items that you have to put in a development to get recommendations for approval, you can’t develop and provide any type of workforce housing,” George Emerson said.