Brock Saunders wants to raze a former antique shop and put up three stories with 11,000 square feet that would include an office for his Summit Action Fund and brother Paul’s Hutch Capital.
Commercial Real Estate
9-story, 130-room hotel planned next to Short Pump Town Center
Kalyan Hospitality and other local hoteliers are betting on an industry rebound as the pandemic fades.
Citizen Burger Bar building in Carytown changes hands for $1.5M
The restaurant’s owner is now his own landlord. Just up the street, New York Deli is planning to build a rooftop venue.
Nothing Bundt Cakes rising in Corner at Short Pump shopping center
It will be the national cake shop chain’s first Richmond-area location but the franchise group is interested in opening a second spot in the region.
Chesterfield supervisors sign off on Rockwood area redevelopment plan
The land-use roadmap will guide redevelopment of aging retail centers at the corner of Hull Street and Courthouse roads toward a mixed-use future.
Petersburg warns developer to repair or raze blighted hotel, or city will
The city made its ultimatum just as the same firm has started work on the Model Tobacco building in South Richmond.
Hard Hat Happy Hour Virtual Tour: South Falls Tower
Get a sneak peek of South Falls Tower, the new development from WVS Cos. and Fountainhead Real Estate. Video is presented by Sands Anderson.
Powhatan County creates in-house office for real estate reassessments
The work had been outsourced and the county will now conform with the annual reassessment calendar used by most localities in the area.
Marble and granite supplier creating soccer complex in Hanover warehouse
The owner of Absolute Stone Design, a former professional midfielder in Europe, is self-funding the $500,000 buildout of Val’s Sportsplex.
Council adopts plan to unload 77 city-owned properties, including Coliseum
The city wants to sell the properties to housing nonprofits and private developers, with goals of adding to the tax base and increasing the city’s supply of lower-income housing.