A Southside mall waiting for its multimillion-dollar upgrade has landed a dog-centric tenant, while another of its retailers rebrands and expands. Stony Point Fashion Park recently signed on Abella Cakes, a dog treat bakery, to take an 1,100-square-foot space in the mall. The shop opened June 6 and replaces Three Dog Bakery, another dog treat… Read more »
Michael Thompson
The Pipeline: Commercial real estate deals for 6.10.16
A busy week of leases all over town, including an office deal on West Broad, a new restaurant in Midlothian and another new fitness studio.
West End tennis shop sells, bounces up the street
After almost three decades under the helm of a Richmond couple, a local tennis shop has changed hands and reopened in a new location. Plaid Racquet was recently purchased by Al Rivers, who took over the store from its longtime owners Ed and Lynda Smith. The couple opened the tennis shop 27 years ago at… Read more »
Sibling investors grab Henrico, Midlothian properties
With more than 20 years in real estate behind them, four brothers have closed on a Midlothian commercial property and an industrial building near RIC. Latitude Holdings bought the Midlothian Station Shopping Center at 13541-13591 Midlothian Turnpike on May 26 for $5.9 million from an unnamed Maryland firm. Latitude is a Frederick, Maryland-based real estate… Read more »
‘New Republic’ opens at VMFA
The Virginia Museum of Fine Arts’ latest exhibition brings a popular, contemporary American artist to the fore.
French venture closes on 22 acres in Henrico
Lured by a change in the county’s tax code and a grant from the governor’s office, a cosmetics and pharmaceutical ingredients company is ramping up its plans for a new facility in Henrico. Polykon Manufacturing LLC last month purchased a 22.75-acre lot in the White Oak Technology Park from Henrico County Economic Development Authority. The… Read more »
Peter Chang serves up Scott’s Addition location
A popular chef and restaurant owner has officially joined Scott’s Addition stew of entrepreneurs and developers. Peter Chang opened his new eatery last week at 2816 W. Broad St. in a 3,000-square-foot space in the recently renovated Hofheimer building. Its opening day was June 3. Chang has another restaurant in the works next door to… Read more »
An Ardent expansion
Just in time for its second anniversary, a Scott’s Addition brewery has expanded its brewing capacity and is rolling out a new line of products. Ardent Craft Ales is investing in an in-house bottling system that for the first time will let the brewery produce and sell six packs of 12-ounce bottles of beer. Ardent… Read more »
Lender forecloses on Shockoe Slip property
Eleven minutes and a $100 bid helped send a downtown building into the hands of its lender. The Shockoe-Cary Building at 19-21 S. 13th St., which sits at the corner of East Cary Street, was foreclosed on at an auction on Wednesday. It is now controlled by Torchlight Investors, a special servicer acting on behalf… Read more »
The Pipeline: Commercial real estate deals for 6.3.16
A nearly $4 million deal in Short Pump, a big land grab in Caroline, a new tenant in a Wegman’s anchored development and a $2 million warehouse deal in Chesterfield are the highlights of another busy Pipeline.