“We could tear it down and do more apartments,” said Capital Square’s Adam Stiffel. “I want to bring it back to life.”
Commercial Real Estate
Bally’s misses out on casino sweepstakes as city narrows field to two
The finalists are Urban One, which is pitching a site at 2001 Walmsley Blvd. in the Southside, and The Cordish Cos., which is seeking to build at 1301 N. Arthur Ashe Blvd.
Updated: Amazon planning huge robotics fulfillment center near Richmond Raceway, to add 1,000 jobs
Dallas-based Hillwood Enterprises is planning a 2.6 million-square-foot industrial complex and the online retailer will take 120 acres of the 247-acre site.
Biotech firm Grenova to invest $10M, add 250 jobs at new Diamond-area HQ
The homegrown startup’s move from a smaller space on the Southside follows Spy Rock Real Estate Group’s purchase of the site on Ellen Road last fall.
Home of Cary St. Cafe for 34 years sold to nearby owners of The Eatery
The 111-year-old building was first listed for sale in 2019 and the seller, who bought it in 2016 but had owned the cafe since 1995, said she feels liberated to have sold it.
New restaurant named for Martha Washington coming to New Kent County
Grub LLC, owner of the nearby Trojan Grill, decided to open another concept in the former Colonial Kitchen & Market space to keep competitors away.
Trapezium’s planned Church Hill taproom approval coming to a head
The City Council will consider a special-use permit after the Planning Commission recommended allowing a larger space for a brewery at 520 N. 25th St.
Becknell sells five Richmond-area industrial properties for $65M
In a different deal, a Philadelphia firm bought a VCU Health-anchored warehouse for $8 million.
Dominion Energy pulls plug on second new office tower downtown
The Richmond-based utility giant has decided not to build 700 Canal Place, planned for 17 stories with 900,000 square feet on the site of its former One James River Plaza building.
Conservancy to buy undeveloped riverfront real estate and give it to city
The Capital Region Land Conservancy announced Thursday that it is under contract to purchase the 5.2-acre parcel at 3011 and 3021 Dock St.