The developer behind the transformation of the former Laurel Park Shopping Center at Hungary and Woodman roads is now turning its attention to a 1-acre site next to Willow Lawn.
The project, dubbed Iron Horse Business Park, would take shape on a 230-acre site split about 60-40 between Ashland and Hanover.
Dallas-based Trammell Crow Residential and Tennessee-based Elmington is planning roughly the same number of units at two sites near Semmes and Cowardin avenues.
“I’ve always wanted to do this for myself,” Corrada said about launching his Double C Real Estate firm after 13 years at the helm of Bill Goodwin’s Riverstone Properties.
Colorado-based Tract intends to set the stage for dozens of data center facilities totaling up to 9 million square feet on multiple campuses.
The Fortune 500 healthcare supply company said it will move into a new headquarters somewhere in the Richmond area by the end of the year, but it won’t say where.
The region’s trend of landing large data center projects has reached Powhatan, as a California developer is looking to build 1.5 million square feet of data center facilities in the county.
The shopping center last sold in 2019 for $29 million. The latest sale did not include the anchor Kroger building or Wells Fargo outparcel.
Straddling the Goochland-Hanover line, the 14-lot park is expected to meet a growing demand for light industrial space in the Richmond market, which was recently listed as the 13th tightest industrial market in the country.
After pondering their futures, grappling with insurance companies and searching for space, at least a few of the displaced businesses have found new homes and are trying to put the experience behind them.
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