The lease is a big win for local investor Gagan Marwaha, who in January bought the three-building office park that had been vacant since anchor tenant EAB moved to a new office near Innsbrook.
Midas of Richmond owner Mark Smith confirmed he is under contract to buy the property at East Broad and North 21st streets, where local developer Zac Frederick had once planned a residential infill project.
The newly formed company filed plans last month for a 224-unit complex southwest of the Chesterfield golf club and says it has hundreds more units in the pipeline.
The years-in-the-making project from developers Michael Hallmark and Susan Eastridge was OK’d at Monday’s meeting and now goes to City Council for a deciding vote.
The Henrico-based developer is contributing $17 million toward a $35.1 million purchase of the Scott Farm land, with the county paying another $17 million through its Economic Development Authority and the EDA pitching in another $1.1 million.
The president and longtime attorney of Richmond law firm Hirschler set out today, at 2 a.m. Central European Time, in hopes of becoming the first woman to solo swim the roughly 15-mile Fehmarn Belt strait both ways, and to beat a male swimmer’s record time in the process.
While not one of the commission’s official recommendations, the change back to a council-manager form of government could put the mayor on City Council and reduce its membership to seven.
Boone Homes is under contract to purchase the site from Bill Stinson, a fellow homebuilder and co-founder of landscape supply company Yard Works whose family has owned the land for decades.
An investment banker and a consultant bought the nearly 20-year-old house on Old Locke Lane, which last topped the monthly sales list in November 2021.
Industry trade group Beer Institute gets an ad from a local firm, a Virginia food bank group hires a downtown agency, and a Chesterfield children’s center gets a promotional video.
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