The identity of the mystery buyer of the six-story, 158-year-old Main Street office building has been revealed.
Yoga studio owner was winning bidder in auction for downtown’s Branch Building
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.
New Fan restaurant Smoke & Barrel takes over for Lady N’Awlins
The concept is a change of course from what was initially planned for the building when the owners of New York Deli bought the building in September 2022.
Wealth management firm starts making its own real estate deals with Museum District acquisition
The firm financed the deal by raising funds from its clients, who are now part-owners of the building and will earn the lion’s share of the returns.
With its land up for sale, Legend Brewing in talks to sell recipes and other assets
“We want the brand to continue whether we continue it or if it ends up in someone else’s hands,” said Legend’s Dave Gott said. “The goal, ultimately, is keeping Legend Brown Ale and our products on the shelves. We’ve worked too hard to let it go by the wayside.”
Maryland developer under contract to buy Scott’s Addition site for 5-story project
The former Richmond Machinery & Equipment Co. site at 1701 Roseneath Road was previously eyed by locally based Blackwood Development in a deal that fell through.
Capital Square pays $11M for 2-acre Scott’s Addition assemblage
The Innsbrook-based firm has set a new high bar of $5.2 million for per-acre land grabs in the sought-after neighborhood. It’s planning a building of up to 8 stories for the site.
KavaClub strikes deal with VDH to begin serving controversial kava drink
After more than a year of legal and regulatory wrangling, KavaClub looks to finally be on its way to selling its namesake drink.
Church at Grove and Malvern soliciting interest from developers ahead of move
“We’re pretty small, which is why we needed to ask different questions about this big space that we have,’” said Rev. Hollie Woodruff of Seventh Street Christian Church.
Westover Hills mixed-use building OK’d again after permit expired
NoVA-based Sugar Mill Construction received city approval for the three-story development at 1005 Westover Hills Blvd., following the expiration of a previous permit for a similar project there.
Judge sides with leaseholder in Scott’s Addition parking spots spat
The ruling allows developer Hem + Spire to keep its lease on the parking lot for potentially another 16 years, restricting Dalian Development’s plan to develop the entire block.
