“We’re excited about this one because even within market-rate new construction (housing), there tends to be not enough family-sized housing, particularly at three bedrooms and above,” developer Standard Communities said.
“We’re trying to change the narrative around affordable housing, and make somewhere that people are proud to live,” said John Gregory.
The planned 96-unit development from local firm The Real McCoy Companies earned special-use permit approval, as did Space Mountain Hi-Fi, an audio-focused bar from the owners of Cobra Cabana and Hot For Pizza.
Work at the site has stopped in recent weeks, leaving concrete columns and rebar jutting out from the ground, and contractors waiting to get paid on more than $2 million worth of work.
The owners of a Petersburg eatery are taking over the 4-year-old riverfront brewery near Hopewell and bringing in an entirely new concept.
“The loan was originated in December 2019, and the whole world shut down three months later. They started with a pretty steep uphill climb to get back out,” said auctioneer Bill Londrey.
Another Scott’s Addition “eatertainment” venue has closed, though it looks like its space won’t sit vacant long.
The Chapter 7 filling came just days after Steam Bell ceased operations after nine years in business. Its biggest debt is $720,000 owed to the SBA.
“We don’t sell very often. This is the first Scott’s Addition property that we’ve sold,” Bice said. “We’re really buy-and-hold investors.”
The locally based chain appears to also have closed Charlottesville location. Its spots in Carytown, Midlothian and Durham, North Carolina remain open for business.
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