With its new space reserved on East Broad Street, a longtime downtown restaurant is checking out of its space in Shockoe Slip. La Grotta restaurant announced Tuesday plans to vacate its space at 1218 E. Cary St. after 20 years in favor of new digs inside the Hilton Richmond Downtown at 501 E. Broad St., site… Read more »
Michael Thompson
Startup’s crowdfunding success hits a sour note
When Richmonder Zachary Jester raised nearly twice the amount of money he hoped for from a crowdfunding campaign two years ago, it was cause for celebration. But after ordering the material for the high-end speakers his donors were clamoring for, Jester had a problem: he had to build them. “We got the stuff ordered and… Read more »
Midlothian paper store folds
Barely a year after resurrecting the brand locally, a paper and party supply store has closed its Midlothian shop. If It’s Paper shut down last month at 9704 Midlothian Turnpike in the Stein Mart Festival shopping center. The store did not renew its one-year lease when it expired at the end of February, according to… Read more »
James Center changes hands
A huge chunk of downtown office space is under new ownership after being threatened with foreclosure. The keys to the three-building, 986,000-square-foot James Center complex were handed over last week to GMACC 2006 C1 East Cary Street LLC, the noteholder of the properties that had previously scheduled to foreclose on the trio of towers at… Read more »
With Walgreens in place, E. Broad St. building changes hands
A national pharmacy chain has opened in its new downtown home on East Broad Street – and it already has a new landlord. The 53,000-square-foot building at 312 E. Broad St., part of which was recently converted into a Walgreens store, sold for $3.52 million on Feb. 29, city records show. The sale comes less… Read more »
Richmond burger chain makes expansion plan a double
A local burger joint has cooked up two new locations. Burger Bach, founded in Richmond in 2012, plans to open this summer at 2050 Bond St. in Charlottesville and at 101 Heaths Way Drive in Midlothian. That will add to the restaurant’s existing locations in Carytown, West Broad Village and Durham, North Carolina. “We’re ready… Read more »
Fitness franchisee doubles down in Richmond
For its third outpost in the Richmond market, a national fitness brand is hopping into Midlothian. Pure Barre, a brand of ballet barre fitness studios, is opening a new location at 1282 Alverser Plaza Drive, just off Huguenot Road. Franchisees Sarah Love and Robin Moncol have leased the 2,200-square-foot space formerly home to Café Caturra…. Read more »
The Pipeline: Commercial real estate roundup for 3.25.16
An auto repair shop purchases 26,000 square feet in Chesterfield, a West End nursery school renews its lease, and a convenience store chain renews its lease of industrial distribution space on South Laburnum Avenue.
Popular downtown deli property on the table
Starved for space, the owners of Nick’s International Foods, a neighborhood institution at 400 W. Broad St., have put their building on the market as they ponder a move out of the city. The 8,600-square-foot property is for sale for $1.05 million, according to Manuel Mouris, a second-generation owner along with his brother Philip Mourtzakis…. Read more »
Bean bag maker settling in at Short Pump
For its first Virginia retail location, a New Hampshire-based company is plopping down in Short Pump. Yogibo, which makes bean bag chairs, pillows and other forms of bean-bag-stuffed furniture, plans to open March 25 at Short Pump Town Center, near the Nordstrom entrance. The 1,500-square-foot store will sell the company’s full line, including its flagship… Read more »