Even a rundown old Chinatown bus station has potential when it’s nestled up against the edge of Scott’s Addition. Scott Coleman of Crossroads Development confirmed Wednesday that he’s behind the recent purchase of the No. 1 Bus Tour property at 3121 W. Broad St. CDI Broad LLC bought the site for $730,000 on May 19…. Read more »
Michael Thompson
Lingerfelt Commonwealth closes $90 million in deals
One of Richmond’s big real estate players has sealed a pair of eight-figure deals in Hampton Roads and Tennessee. Lingerfelt CommonWealth Partners this month announced a $74 million transaction that transferred ownership of the Bank of America Plaza office building in Nashville. The 435,525-square-foot building sold to a joint venture that’s 95 percent owned by… Read more »
Ledbury finds better fit on Broad Street
With the lease expiring at its longtime Shockoe Bottom headquarters, a homegrown shirtmaker is stepping into a downtown property owned by the Ukrops. Ledbury signed a lease this month to relocate its home base and flagship retail shop to three floors at 315 W. Broad St. The 7-year-old menswear brand plans to move into the… Read more »
Shockoe Slip building heading to foreclosure
A downtown building that’s home to apartments and a Japanese eatery is headed to the auction block. The Shockoe-Cary Building at 19-21 S. 13th St., which sits at the corner of East Cary Street, is scheduled for a June 1 foreclosure auction at 11 a.m. on the steps of the Richmond Circuit Court, according to… Read more »
Nonprofit, bakery leaving Scott’s Addition
Here’s something Scott’s Addition doesn’t hear every day: Happy trails. After less than a year in business, Idle Hands Bread Co. has vacated its 3103 W. Leigh St. bakery in the increasingly popular neighborhood with plans to move in June to a bigger space at 312 Brook Road in Jackson Ward. Owner Jay Metzler said… Read more »
Company trades Innsbrook for Chesterfield
A local firm that specializes in due diligence is leaving its Innsbrook office for one its owner just bought in Chesterfield County. Dominion Due Diligence and its 120 employees will relocate by the end of the year to 201 Wylderose Drive, a 26,000-square-foot building purchased this month by its founder and president, Rob Hazelton. Through… Read more »
The Pipeline: Commercial real estate deals for 5.27.16
Some Carytown retail space gets snatched up, Scott’s Addition continues its hot streak, a downtown building sells for $600,000, plus more space for Bon Secours, McKesson and others.
Online farmers market hauls in some extra green
Fresh off a rebranding and an expansion to Charlottesville, a local online farmers market is getting a boost to its coffers. Seasonal Roots, which until recently was known as Farm Table, is closing this week on a $600,000 capital raise that came together with help from Central Virginia Angels, an informal network of venture capitalists…. Read more »
‘Tween’ store set to debut on Patterson Ave.
A new retailer that caters to a niche audience is setting up where two West End dessert shops left off. Clara b. is set to open Aug. 27 at 5716 Patterson Ave. Alletta Tate, a first-time shop owner, is behind the new business. She has a three-year lease on the 1,100-square-foot space that was formerly… Read more »
VCU stakes $44M claim in Short Pump
A recently developed medical office building and nearby parking lot in Towne Center West in Short Pump are now owned by VCU Health. VCU Health System Authority acquired the 111,000-square-foot, five-story medical office building at 11958 W. Broad St. earlier this month for $39.99 million, according to Henrico County records. It paid an additional $3.9… Read more »