New office, retail and residential buildings with thousands of apartments are in the works across the region despite the pandemic.
Richmond development roundup for 2020
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 [email protected] or (804) 554-6872.
Richmond restaurant roundup for 2020: Pandemic pivots and new eateries
The pandemic forced eateries to pivot to survive. While some didn’t make it, new concepts opened and others continued to expand.
Manchester beckons: Neighborhood’s development stock rose in 2020
The Southside neighborhood saw more action and investment this year than just about any in the region.
Scott’s Addition-based growler maker Shine Craft Vessels sold to California buyer
Jordan Childs, the now-former owner of Scott’s Addition-based Shine Craft Vessels, is planning to learn to play the banjo.
Coco + Hazel owners sweet on Bon Air for a second, bigger location
The new dessert shop at 2733 McRae Road will be nearly four times the size of its Ridge Road space and allow for a bigger menu.
Developers buy entire block in Scott’s Addition for $8.6M
A five-story, mixed-use building featuring 350 apartments and ground-floor retail space is planned for 2.4 acres at 1601 Roseneath Road.
VCU snaps up Salvation Army property across from The Diamond
The university is planning an athletics village that may include a fieldhouse, tennis center and a baseball stadium for the Rams and Flying Squirrels.
CoStar buying downtown riverfront office building that bears its name
The nine-story, 310,000-square-foot facility, which the company shares with WestRock, is next to a 4-acre parcel CoStar bought this summer for $20 million for a planned office tower.
Two Chesterfield multifamily properties fetch a combined $53M
Correction: An earlier version of this story incorrectly reported the unit count at Broadwater Townhomes, affecting the per-door price calculation. The total sale price for the complex also has been adjusted based on additional information received after publication. Another batch of 8-figure deals has closed in Chesterfield, as the county’s multifamily market stays red-hot. Broadwater… Read more »
Carytown site that had been planned for a Residence Inn has new owner
An entity tied to local HVAC firm Woodfin purchased the property Nov. 18 for $3.5 million but said it doesn’t have any immediate plans to redevelop it.