While the status of its current restaurant tenant remains unclear, a property in the Arts District recently fetched nearly $1 million.
Commercial Real Estate
In between developing office and apartment properties in Richmond in recent years, Yogi Singh and his crew were quietly amassing a sizable portfolio of real estate of a different sort.
Recently approved changes to a decades-old program that has helped fuel redevelopment in Richmond through partial real estate tax abatements have some developers and builders who do business in the city on edge.
An apartment property in western Henrico with a history of changing hands about every other year is once again under new ownership, this time selling for $8 million more than it did just over two years ago.
The brewery is preparing to consolidate and renovate its home base in the city to help make way for a potential new development.
Stanley Martin Homes has started going vertical on what’s slated to be hundreds of “two-over-two”-style condos at West Broad Landing, a 13-acre project where Lawrence Dodge once stood.
“While we are disappointed that five City Council members rejected the project, we are proud of the proposal that we delivered,” the developers said in a statement Monday evening.
‘A lot of restaurants have chicken wings, but there’s no chicken wing restaurant,’ said proprietor Brett Diehl.
In the face of what he describes as a feeding frenzy of buyers for independent insurance agencies, Ryan Andrew’s slow but steady acquisition streak continues.
The nonprofit picked up the neighboring building and plans to renovate it and use it to expand operations.