See who’s raising money in fundraisers around town, plus awards for local firms, a new coffee cart launches at a local school and more.
Newsbites: Noteworthy tidbits for 3.22.16
Katie Demeria
Developer snags strip in Kroger shopping center
Narrowly avoiding foreclosure, a Hanover County retail strip fell back into familiar hands last week. The Creighton Crossing I shopping center at 6102-6104 Brashier Boulevard was sold back to its original developer for $3 million in a last-minute transaction on March 17, just before the property was scheduled to hit the auction block the following… Read more »
Westhampton Theater powers down
The Westhampton Theater has screened its last show. The nearly 80-year-old West End movie house closed for business Sunday evening as it makes way for a planned redevelopment of the site. Officials with Regal Cinemas, which has continued to operate the theater after selling it to developers in 2014 for $1.75 million, did not return… Read more »
Out-of-town buyer plans nearly 200 apartments in Shockoe
A mysterious new player has entered the Richmond apartment market and is looking to make a splash in Shockoe Bottom. Shockoe Realty Ventures LLC recently purchased a 1-acre parcel at 1903 E. Marshall St. for just over $2 million, with plans to construct 178 apartments. The deal closed March 1 and included an already approved… Read more »
The Pipeline: Commercial real estate roundup for 3.18.16
Several big land deals in Chesterfield County, a 100,000-square-foot deal in Henrico and plenty of retail and office grabs all around town.
Local dental practice lands in Beverly Hills (the shopping center)
A 40-year-old local dental office has planted its flag in the West End for its 12th office in the area, picking up where a CrossFit gym left off. Virginia Family Dentistry last month opened a new 4,000-square-foot office at 8516 Patterson Ave. in the Beverly Hills Shopping Center. The space was formerly occupied by West… Read more »
Updated: Piece of Kroger-anchored shopping center headed to foreclosure
Update: This story has been updated to include information about the pending closure of the Kroger store in Creighton Crossing. A Hanover retail strip has a date with the auction block this week. Creighton Crossing I, an 18,000-square-foot retail property at 6102-6104 Brashier Blvd., is scheduled to go to foreclosure on Friday. The property sits… Read more »
Henrico startup taps investors for $3M
A local healthcare startup is feeling flush. Iggbo, which got its start in Richmond last year, recently completed a $3 million capital raise, according to SEC filings. Founded by Mark Van Roekel, Nino Valentine and Shaiv Kapadia, Iggbo is a tech-based logistics company that uses an Uber-like system of connecting independent phlebotomists with doctors and… Read more »
Maryland landlord adds to Richmond holdings
A Southside apartment complex has landed a new owner after several years on the market. Bill Walde, a real estate investor who has holdings up and down the East Coast, earlier this month purchased the former Dutch Village community at 3219 Glenan Drive for $5.3 million, before promptly rebranding the property to the Townhouses of… Read more »
Fountainhead to transform former Philip Morris site
The developer’s latest project in Richmond’s Southside features 850,000 square feet of space and involves renovating some of the site’s 28 warehouses to create space for entrepreneurs.