The deal marks the second time this year that a developer has spent $10 million or more on Museum District real estate.
Developer pays $10M for apartment project site on Grove Ave.
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.
Demo sets stage for two mixed-use projects on Forest Hill Ave.
Construction for one of the projects is set to start later this month. Both involve three-story buildings with residential units above storefronts.
Costco buys more local land, this time from Bill Goodwin in Midlothian
For the second time this fall, the retail giant has struck a land deal next to one of its Richmond-area stores.
New bar Ripple Ray’s coming to former Weezie’s, Town Hall space in Carytown
“As a bartender, this is what you kind of like always dream of: having a place of your own, and I’m making that a reality,” said owner Katie Jarvis. “It’s crazy but I’m very excited.”
Former Shaved Duck owner bringing new restaurant to the Fan
The Lombardy Street building had been home to Bogart’s, Balliceaux and others, and was supposed to be the site for the new Sprezza Italian restaurant.
The Fan’s Barrio Taqueria sold by Richmond Restaurant Group to 3 Monkeys owner
“It’s a great concept and it’s doing great in the Fan,” said RRG’s Michelle Williams. “We’re just older and moving away from any business that has a drinking-focus and a post-dinner element to it.
Local moonshine maker, contract brewer use crowdfunded cash for new projects
Two players in the local booze industry – one keen on delving into the world of bourbon, the other looking to give its brewery a space of its own – recently wrapped up crowdfunding campaigns.
D.C. developer Hoffman files plans to transform entire city block in Scott’s Addition
The Washington, D.C.-based firm, known for The Wharf development in its hometown, is planning a six-story, 367-unit apartment building at 3200 W. Moore St.
Dominion takes downtown real estate holdings off the market
The properties in question are: an entire city block at 701 E. Cary St.; its 20-story Eighth & Main office tower at 707 E. Main St.; and a 3-story parking deck at 620 E. Cary St.
Thalhimer drops $10M for Shockoe apartments, Southside warehouse
The deal involved two attached buildings in Shockoe Slip and a Richmond Highway industrial space, all while the firm continues to get the Diamond District project to the starting line.
