The old Richmond Memorial Hospital and various annexes will be razed while the school finalizes a master plan for its overall campus that envisions several new buildings in the years to come.
The rehab of 1501 and 1503 W. Cary St. has begun, with plans to renovate the 124-year-old buildings into a modernized mixed-use development with a half-dozen apartments and commercial space.
A nationwide round of closures by a publicly traded restaurant group has rippled into the Richmond market.
The 300-room hotel would carry two Marriott’s brands, the Residence Inn and AC Hotels, and also house a rooftop dining area and a 10,000-square-foot ballroom.
Louis Heindl’s quarter-acre parcel sits in the heart of Mayo Island and it’s the one piece of the 15-acre expanse that’s not owned by the city.
“If we can attract people by offering a beverage that they’re familiar with, i.e., beer, then I can get them in the door and we can start talking more about the uniqueness of mead and the crazy things that we can do with it,” said co-owner Matt Carroll.
While Richmond’s overall office leasing market is faring better than other regions, the loans on Riverfront Plaza’s twin towers and the Bank of America Center were recently put into special servicing.
The developers said the change of plans was driven in part by financing and said it’s easier to make the numbers work on for-sale townhome projects.
The 6-acre plot at 4400 W. Broad St. that’s twice been eyed for large apartment projects by out-of-town developers was once again listed for sale last week.
Reynolds Development is seeking to rezone 31 of Reynolds Crossing’s 58 acres to convert much of its surface parking lots into new buildings of up to 12 stories and add more than 1,000 residential units.
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