A busy time for deals down south, plus a local bank takes new HQ space, Riverfront Plaza nabs a new tenant and a local hospital chain takes more space in Mechanicsville.
Michael Thompson
Richmond gets a Lyft
As local taxi companies fend off Uber’s moves around Richmond, another Silicon Valley-based ride hailing company has merged onto the scene. Lyft, Uber’s main app-based rival, will begin operations in Richmond today. When the company officially launches locally at noon, Richmonders with smartphones will be able to use the Lyft app to get rides around… Read more »
Fan adds 25 renovated apartments
A Grace Street property built in the 1800s has gotten a 21st century upgrade. Thalhimer Realty Partners, the development and investment arm of local real estate firm Cushman & Wakefield | Thalhimer, this month completed the transformation of 1142 W. Grace St. into a 25-unit apartment building dubbed the Columbia Apartments. The two-story building was… Read more »
Carytown building gets offer it couldn’t refuse
A former bank building in Carytown is under new ownership and a bike shop has hit the brakes on its storefront in the popular shopping district. Maryland-based Hyman Roth LLC purchased 3426 W. Cary St. on June 10, paying $975,000. The 2,310-square-foot building once housed a Wells Fargo branch and a salon. It sits on… Read more »
Scott’s Addition soaks up more office users
A local staffing company and a real estate firm are bringing more business to Richmond’s sudsiest neighborhood. Daybreak IT Solutions, a seven-year-old IT staffing company, and real estate team The RVA Group signed leases this month for two of the units in the forthcoming 26,000-square-foot Gather building at 2930 W. Broad St. The companies won’t… Read more »
Updated: 2nd area Publix store eyed for Henrico
With one location already in the works and amid talk it’s set to buy local Martin’s stores, it appears Publix isn’t waiting in line to further establish itself in the Richmond market. Documents filed with the Henrico County Planning Department last week show a Publix store as part of a proposed expansion of the Stuart’s Crossing… Read more »
Tiber enters Chapter 11
After dodging a foreclosure auction and weeks of negotiations with would-be residents, the developer of a stalled West End condo project has entered Chapter 11 bankruptcy. Tiber Partners LLC, the embattled ownership group behind the delayed Tiber condos at Libbie and Guthrie avenues, on Wednesday was ordered to enter bankruptcy protection. The ruling comes… Read more »
Blackstone acquires Midlothian center
A billion-dollar deal between a financial giant and a Canadian REIT has trickled down to Chesterfield County. New York investment firm Blackstone Group bought the Towne Crossings shopping center at 11647 Midlothian Turnpike on June 1 for $18 million, according to a Chesterfield County property record. Greg Davis of Excel Trust, a California-based REIT owned… Read more »
Design firm swaps Fan office for downtown digs
The owners of a Richmond design firm have purchased a downtown building as the company looks to bring on new partners and expand. Rohn Price, Matt Simpson and Steve Harvey bought the three-story office at 207 N. Foushee St. for $600,000 on May 16. The three are partners at Price Studios, an architecture and interior… Read more »
Industrial deal brings Arizona firm to Richmond
For its first foothold on the East Coast, an Arizona-based manufacturer has landed in Chesterfield County. Fajon Turbine Parts & Repairs plans to begin operations this month at 8310 Shell Road just off Interstate 95 in Chesterfield County. The steam and gas turbine replacement parts and service company has leased the 43,210-square-foot building. CEO and… Read more »