Don’t miss this recap of the year’s largest and most noteworthy commercial real estate projects and trends, spanning from the city and into the counties.
CRE Roundup: Projects and trends that shaped the region’s development scene in 2024
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.
Big deals: The region’s top 10 commercial real estate deals for 2024
The total price tag of the 10 richest transactions in 2024 came in at $835 million, on par with the cumulative value of 2023’s biggest deals.
Order Up: Richmond restaurant roundup for 2024
It was another busy year for the local restaurant scene. Don’t miss this recap of all the notable openings, closings and changes of ownership, as well as a list of new spots set to open in 2025.
Booze News: 2024 was a year of ups and downs for local brewery industry
The Richmond-area beer scene has not been immune to broader industry troubles, as more local breweries closed in 2024 than any previous year since the craft beer boom began about 10 years ago.
Scott’s Addition development heated back up in 2024 – and looks to stay hot next year
Cranes and construction sites abound in and around Scott’s Addition, as development in the neighborhood picked up renewed steam in 2024 and has plenty going for it into the new year.
Brave Captain, the new restaurant in part of old Mojo’s building, sets sail on Cary
Behind the nautical-themed restaurant are Herbie Abernethy and Josh Novicki, owners of Cobra Cabana and Hot For Pizza in Carver.
Tobacco Row apartments sell for more than $100M in city’s biggest CRE deal of the year
The 742-unit River Lofts at Tobacco Row sold earlier this month to Boston-based West Shore. The seller was Brookfield Properties, which had purchased them from their original developer, Cleveland-based Forest City.
Downtown restaurant space trades vegan food for chicken and gyros
District Chicken & Gyro, a growing fast-casual chain, has taken over the longtime NuVegan Cafe space on Grace Street.
Architecture firm PSH+ leaves downtown digs for new Willow Lawn office
The architecture and interior design practice formerly known as Price Simpson Harvey recently move its headquarters from Foushee Street in Monroe Ward to a space above Jason’s Deli on Willow Lawn Drive.
VCU board signs off on $38M first phase of Athletic Village
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.
