The publicly traded REIT unloaded the Springhill Suites by Marriott but still owns four other hotels locally and more than 200 nationwide.
Downtown-based Apple Hospitality sells Henrico hotel for $8.3M
Commercial Real Estate
Boba Tea and Snow Ice House bubbles up in Carytown
The take-out only shop at 3431 W. Cary St. will feature a menu of bubble teas, smoothies and ice desserts.
Wegmans pays $4M for 220-acre site of contested Hanover County facility
The supermarket chain received approval to build a 1.1 million-square-foot, $175 million distribution center but it still faces legal challenges.
Short Pump Town Center owners buy vacant Nordstrom building for $3.2M
“We’ll be repurposing that building, but I can’t say for what yet,” said developer Tommy Pruitt. “It could be for one tenant or multiple tenants.”
Shopping center with vacant former Kmart in Henrico sells for $4.4M
The new owner said renovations are in store for the big box shell, rather than a demolition, and it will likely be subdivided.
Guest opinion: More thoughts on using part of the Coliseum for amphitheater
By Stefan Calos My first installment on this topic generated a lot of interest. Under the preliminary plan outlined by the City of Richmond, the Coliseum would be demolished. An open space for outdoor gatherings, with a parking garage underneath, would take the place of the building. My point remains that such a space could… Read more »
Hostel takeover: Monroe Ward building sells for $1.8 million
The former HI Richmond Hostel at 7 N. 2nd St. will reopen under new ownership after being shuttered during the pandemic.
Venture capitalist gets approval to build Westhampton office building
The two-story, 11,000-square-foot building at 5605 Grove Ave. will house the offices of Summit Action Fund and hedge fund Hutch Capital.
Food-and-beverage incubator Hatch creates co-warehousing offshoot
Hatch Logistics launched in the spring to provide storage services to food companies at a 20,000-square-foot climate-controlled warehouse.
Chesterfield plans to buy Spring Rock Green shopping center for $16M
The county wants to turn it into a mixed-use development with more than 1,000 residential units, office and retail space, a sports-and-entertainment venue and a hotel.