“We feel we have the perfect use for a very unique building,” a Thalhimer exec said of the plan to convert the 124-year-old hydro plant into a venue with padel courts, pickleball courts and a food-and-beverage component.
Crescent Simples, which offers non-alcoholic syrups for drink mixes, has grown to around 300 wholesale accounts across the country since its founding in 2019.
The deal, which closed just before year’s end, equates to $158,000 per door and marks the largest apartment sale in the region in 2023.
The decision follows a dispute with the project’s contractor last year and leaves the future of the old warehouse on Leigh Street up in the air.
The firm, in addition to taking a minority ownership stake, is also now asset manager for the 73-room Ukrop family-owned boutique hotel.
The state describes Capitol Square as the “nucleus of downtown Richmond” and said in an RFP it’s seeking a “conceptual, philosophical, visual framework that reimagines the Capitol Square Experience for all stakeholders.”
“It’s a running joke that we encourage you to drink wine on our sofas, and we do have a lot of white sofas in our showroom,” a company spokeswoman said of the dual concept.
Despite having more closures in 2023 than any previous year, the region’s beer scene still came out of 2023 with more breweries than it had when the year started.
The churn of the Richmond restaurant scene was on full display this year. Don’t miss this recap, as well as a list of the region’s newest eateries.
As 2023 draws to a close, in its rearview mirror are multiple announcements for massive, consequential developments in the Richmond region.
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