The North Carolina investor paid nearly $1.5 million for the property in January of 2020, just in time to be dealt a blow by the pandemic-induced office market downturn.
“It’s a market that’s just saturated with chain restaurants, so we’re excited to bring scratch food and high-quality ingredients that you might not find at the chains,” said co-owner Kevin Grubbs.
With four neighborhood markets up and running elsewhere in the city, three cousins are now looking to bring their concept to the Southside to help quell Manchester’s grocery needs.
The well-known diner, owned by Richmond ad exec Dave Saunders, has found its spot in the city and will aim to open in the Park Avenue building in May.
The nonprofit, which dates back nearly 100 years, promotes women’s leadership, volunteerism and community service.
It would be the largest new-construction apartment development the neighborhood’s seen in recent years and would add to 125 units and dozens of townhomes that are already in the works next door.
“I can’t honestly tell you what it’s going to end up being,” said Richard Souter. “This rezoning just opens up our landscape of potential opportunities.”
Work is underway in the city on a pair of sizable multifamily developments that together will bring more than 450 new bedrooms to Scott’s Addition and the Museum District.
Under the new ownership, Basic City’s Manchester spot will operate more as a restaurant and bar, and will no longer be brewing beer onsite.
Booth Hardy, one of the shop’s first employees, is now the sole owner after purchasing the ownership stakes of its three co-founders.
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