“They’re asking for more money because they need more money. The cost of living in Richmond has gone through the roof,” said a rep for the Teamsters’ Local 322 branch, which is representing Stone’s local workers.
The nearly 120-year-old building traded from one self-storage chain to another. The 92,000-square-foot structure was for a long time used as a tobacco warehouse.
While the land had been eyed for more than a year by D.C.-based developer for 314-unit apartment building, the buyer was an entity tied to a different real estate firm.
The Carytown institution is set to be sold to Housepitality Family, the local restaurant group that owns spots like The Boathouse and Casa del Barco.
“The idea was, we’d rather do something timeless than something that’s new and flashy,” said Christian Kiniry. “We spent a lot of time on the windows and the skin of the building. We tried to make it more of a classic style.”
Though its name has a different spelling, Brazen’s menu will lean on braised dishes that are cooked slowly, typically over hours.
A warehouse in Henrico’s Westwood area that was set to become Scott’s Addition-esque modern office space is now heading back to its industrial roots.
It’s the second piece of West Broad Village purchased in the last month by CTO Realty Growth, which was already the biggest commercial landlord in the mixed-use neighborhood.
The sizable changes planned for Virginia Union University’s campus as part of its recently unveiled master plan have also caught the eye of a first-time development duo looking to get in on the college’s growth.
Among the buyer’s group is Queenswood Partners, a new local real estate firm launched by industry veteran Andy Little.
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