In a rare occurrence for one of the city’s hottest neighborhoods, a developer is pumping the brakes on a new apartment project in Scott’s Addition.
Developer puts Scott’s Addition apartment project on hold, up for sale
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.
Pending sale of Mayo Island gets $7.5M boost from state grant
The nearly $12 million price tag to reshape the future of Mayo Island just got a lot more manageable for its prospective buyer. The Virginia Department of Conservation and Recreation last week awarded a $7.5 million grant to help fund the purchase of the 15-acre downtown island at 501 S. 14th St. and convert it… Read more »
No roof? No problem, for $1M real estate deal along Arthur Ashe Blvd.
The property was once part of a 20-building assemblage of similarly sized apartments throughout the Fan and Museum District that was previously owned by imprisoned local landlord Billy Jefferson.
Developer drops $7M for Manchester block
The Beach Cos., which already is building a 221-unit apartment building at 700 Semmes Ave., now controls the Thurston Spring Services site bound by Commerce Road, West Seventh, Perry, and McDonough streets.
Local winemaker taps new liquor line amid expansion plan
“My goal is to be the first black woman-owned adult beverage company. I dream big,” said Shoe Crazy Wine owner Gwen Hurt.
Lone holdout homeowners stand firm in middle of prime Manchester site
There’s a catch for whoever wins the right to transform TForce Freight’s four contiguous city blocks: they’ll have to work around Erik Colley and Lacey Cooke.
Big deals: Top 10 commercial real estate transactions for 2022
The 10 largest deals in the region had a combined price tag of $1.19 billion – $220 million more than the sum of the 10 biggest deals of 2021.
The year in CRE: City development recap for 2022
Development in the city of Richmond stayed red-hot this year. Here’s a run-down of the most noteworthy projects, hottest neighborhoods and most interesting trends.
Booze news: Richmond’s alcohol industry roundup for 2022
After a somewhat quiet news year in 2021, this year local breweries, wineries and distilleries were on the move.
Kinsale buys longtime Anthem campus near Willow Lawn
The $76 million deal gives the publicly traded insurer control of nearly all the land bound by Staples Mill Road, West Broad, Thalbro and Maywill streets, and gives it extra office space to expand out of its neighboring HQ.