The merger of banking giants SunTrust and BB&T created large-scale branch overlap and consolidation has begun.
Truist Bank closing dozens of Virginia branches, including 10 in Richmond
Commercial Real Estate
City reaches deal for redevelopment of Public Safety Building site
Capital City Partners has proposed a 20-story, VCU Health-anchored tower and mixed-use office complex on the 3-acre property at 500 N. 10th St.
Short Pump Town Center co-owner buys assisted living facility for $20M
The 234,000-square-foot Sunrise Villa Tuckahoe was purchased by Brookfield Properties but will continue to be run by McLean-based Sunrise Senior Living.
4-story office building to be next phase of Whole Foods-anchored Sauer Center
A 53,000-square-foot building will rise on a pad site at 2222 W. Broad St. behind the CarMax-anchored Putney Building and feature a rooftop deck for gatherings.
National gym chain CityRow joins lineup at Publix-anchored Carytown Exchange
CityRow, a national fitness studio offering rowing machine-based fitness classes, has leased about 2,000 square feet.
Richmond real estate brokerage opens office in Colonial Williamsburg
A temporary setup above The Cheese Shop in Merchants Square precedes a long-term location across Duke of Gloucester Street for Shaheen, Ruth, Martin & Fonville Real Estate.
Crepe restaurant leaving Stony Point Fashion Park for Gayton Crossing
“It’s not a secret to anybody that the mall has had problems for the last several years and the pandemic didn’t help,” the owner said. “We want to keep growing and it won’t happen here.”
Vegan caterer cooks up a brick-and-mortar restaurant in Chesterfield
Yummvees is opening this month at 3511 Courthouse Road. The space was previously home to C and D’s Kuntry Kitchen, which closed in April.
RV park developers score private equity war chest, eye $200M in deals
The pandemic has literally brought investors to National Land Lease Capital’s doorstep — an old riverfront farmhouse in Charles City.
Demolition signals start of Virginia Center Commons redevelopment
The mall’s J.C. Penney store will now be part of the mixed-use project after Rebkee Co. and Shamin Hotels bought it for $3 million.