The first phase will be financed primarily by the pending sale of the 6.6-acre Sports Backers Stadium site to the Richmond EDA for $25 million.
VCU board signs off on $38M first phase of Athletic Village
Mike Platania
Mike Platania joined BizSense in December 2016. He covers commercial real estate, restaurants and breweries. He graduated from Virginia Tech. Reach him at mike@richmondbizsense.com or (804) 554-6872.
Real estate giant EQT Exeter buys Henrico warehouses for $90M
The warehouses total 745,000 square feet and are fully leased to tenants such as packaging giant WestRock, logistics firm Veritiv and meat distributor Prime Meats.
Douglas Development buys vacant Dominion office tower for hotel-housing conversion
Douglas paid $19 million for the former Dominion Energy high-rise in Richmond’s Financial District with plans to redevelop the 20-story building into 200 hotel rooms and 290 apartments.
VCU picks up Broad St. building across from under-construction arts center
The VCU Real Estate Foundation paid $540,000 for the vacant two-story structure that’s across from the construction site at Broad and Belvidere.
Developer closes out year with $6M in deals in Scott’s Addition, Willow Lawn area
Breakwater Cos. is planning similar projects at both sites, each with about 170 apartments above 5,000 square feet of commercial space.
First look: Old Mamma Zu spot transformed for new Restaurant Adarra
The Oregon Hill building that long housed Mamma Zu is set to come back to life, as Restaurant Adarra is preparing to open there after five years in Jackson Ward.
Local restaurateur Londoño opening new concept in former downtown City Dogs spot
“This place looks like if an old-school luncheonette, a kosher deli and a Latino spot in the Bronx all got married,” Carlos Londoño said of his new Queens Comfort Latin Kitchen and Cocktails, which opens today in Shockoe Slip.
New Indian restaurant coming to Rocketts Landing from owner of Noorani
Shagufta Sajid is preparing to open The Biryani Corner, a similar concept to her longtime Noorani Kabab House in the West End.
Owner of local Real Property Management franchise acquires commercial business from Dodson
As part of the deal, Ralph Reahard and Rob Hunter launched a new business, WatchPoint Commercial Real Estate. It now has nearly 500 accounts totaling over 2 million square feet of commercial space throughout Central Virginia.
The Spectrum apartment complex near VUU sells for nearly $20M
The 103-unit apartment building sold for $189,000 per-door. It’s the second time the complex has changed hands since it was completed in 2015.
