The buildings at 917 and 919 W. Grace St. currently house Ipanema Cafe, Verify Recording Studio and Refine Hair Studio, and was previously home to a fraternity that recently moved out.
VCU pays $4M for Grace St. building pair
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.
Developer scraps plans for 600 apartments at Dominion-owned properties downtown
Genesis Properties is no longer pursing the purchase of Dominion Energy’s Eighth & Main office tower and a neighboring parking deck. The properties are now back on the market.
The Pit and The Peel bows out of Short Pump location
It’s the second food option at Short Pump Town Center to close this year, following Rock Bottom Restaurant & Brewery’s closure in the spring.
New owners to take reins of Wytestone Plaza office tower’s apartment conversion
A local hotelier and financier are teaming up to buy the downtown office tower and carry out a previously proposed plan to turn it into hundreds of apartments.
D.C.-based architecture, engineering firm beefs up Richmond presence with block of Innsbrook office space
“We’ve been working remotely… and it’s apparent everybody’s excited to work together in a physical location,” Jon Gray said of Page Southerland Page’s new local office.
New Wishbone Food Shop to open in former Cafe Ole spot downtown
Justin Cropper, whose resume includes stints at Union Market, Don’t Look Back, Lemaire and Millie’s, is opening Wishbone with partner Ginny Sowers.
Mystery developer eyes residential conversion for former Dominion office complex in the Fan
An unidentified developer is looking to convert the existing former office building and two adjoining warehouses at 2400 Grayland Ave. into 126 dwelling units.
Italian restaurant Sprezza slipping out of Shockoe and into the Fan
Initially founded as a pop-up in 2021, Sprezza opened in the former Morton’s The Steakhouse space late last year. It’s headed to a Lombardy Street building that was most recently home to Brun cigar lounge.
Upstart development firm eyes townhouse project near Regency
“I think there’s an opportunity to provide high-quality rental living for people as they figure out how to navigate putting together a down payment, extremely high interest rates and all the other challenges that go with qualifying for your first home mortgage,” said Chipp Naylon.
Willow Lawn landlord plots mixed-use urbanization of longtime shopping center
Imagine Willow Lawn as a dense mixed-use district with 2,200 residential units and 500,000 square feet of commercial space. Its owner is pondering exactly that.
