The 266-unit, market-rate complex sold for $50.9 million, or $191,000 per door. It last sold for $30 million three years ago.
Local apartment complex sells for fourth time in 9 years
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.
New owners change local Virginia Barbeque outpost to Lakeside Barbeque
A local real estate investor has teamed with a restaurant industry veteran to take over the restaurant, which became independent after the Virginia Barbeque franchise system collapsed a few years ago.
Two 5-story buildings eyed for former Animal Motel site on Lombardy
A stretch of the city’s Northside is continuing to attract developer interest, as a mystery group is looking to bring 10 floors of new construction to the neighborhood.
Indian grocery chain Triveni Supermarket eyes old David’s Bridal store on Broad
The North Carolina-based chain is in expansion mode, with four locations in the works, including one in Northern Virginia.
Restaurants Toast, Marco’s Pizza sign on at Scott’s Walk project across from The Diamond
They will join Chipotle, Raising Cane’s and Starbucks, whose buildings are already under construction at the Thalhimer Realty Partners project on Arthur Ashe Boulevard.
Owners of defunct home renovation company Fabling Built file for bankruptcy
Casey and Adrienne Fabling, who abruptly shuttered their Henrico company in the spring and have since relocated to Colorado, owe millions of dollars to contractors, clients, lenders and others.
Longtime owners sell James River Transportation to N.J.-based competitor
“I still feel a bit of tough feelings that the name’s going away on my watch. (The sale) is a real good business decision, I’m just getting over the personal and emotional part,” Stephen Story said.
D.C. developers break ground on The Ace, a $98M mixed-use project on Arthur Ashe Blvd.
The nearly nine-figure project that’ll transform a large chunk of Arthur Ashe Boulevard is officially underway, and it may soon be joined by a long-planned cohousing concept up the street.
N.Y. investor adds to Arts District holdings with deal near Quirk Hotel
Mercer Street Partners, whose other local deals have been for apartments and a stake of Common House social club, now has a small downtown office building in its portfolio.
Scott’s Addition food hall to be ‘full-speed ahead’ despite contractor dispute, owner says
EAT Restaurant Partners President Chris Tsui said a pending lawsuit has “no effect on the forward progress of the food hall,” and that they’re looking to award construction contracts in the next few weeks.