“It was for sale and the price was right,” a Holy Mackerel Small Batch Beers manager said of the former Dockside Restaurant space.
“I’m bullish on the corridor. I just think it’s located in a great spot,” Cava Cos. principal Frank Cava said of the area just west of Scott’s Addition.
The United Methodist Church near Short Pump would sell two of its eight acres to a developer if the county approves the proposal.
The cafe at 415 E. Grace St., which had reportedly been set to close this month, appears set to be taken over by the owners of restaurant Lillie Pearl.
Henrico-based developer Harper Associates, which has other townhome projects in the works, is seeking a special-use permit.
The seller paid $1.5 million for the Exchange Alley Lofts at 8 S. 14th St. in 2017 and said he sold it for the $1.3 million profit.
The downtown Richmond lawyer, his wife and his brother paid $3.15 million for 9991 Lickinghole Road in Ashland.
At about $3.8 million per acre, the deal marks the highest sales price on a per-acre basis in the Scott’s Addition area in recent memory.
The store will be Charleys Philly Steaks’ second in the region, filling a space that was damaged during rioting last summer.
A marketing flyer touts a seven-story, 100,000-square-foot mixed-use project called Leigh Addition by Washington, D.C.-based Level 2.