After receiving two offers on city-owned properties once tied to the failed Navy Hill project, Richmond administrators are delaying a proposed surplus-property designation as they plan to rework it around one of those offers in particular.
Commercial Real Estate
Broad St. record store to power down after a decade
Though the pandemic wasn’t the deciding factor in a move that’s been on the radar for a while, it did serve to fast track the change.
Implosion of downtown Dominion tower a go for Saturday
Downtown Richmond has been pretty quiet of late thanks to the coronavirus. But there will be plenty of action during the wee hours of the morning on May 30.
VUU-area apartment project fielding interest from developers
An unbuilt infill apartment project that’s been years in the making near Virginia Union University is being shopped around to firms that could take the development vertical.
Goodwill pulls plug on construction training center project
Facing higher cost projections, and feeling the financial crunch of the coronavirus crisis, a regional nonprofit has scrapped its plan for a local training facility for workers entering the construction industry, leaving the project’s supporters in search of someone else to take up the cause.
Lickinghole calls it quits at downtown taproom
The local brewery has permanently closed its satellite location in Shockoe Bottom after less than three years and now plans to expand into distilled liquor at its rural Goochland headquarters.
Developer adds to downtown Broad Street holdings
One of the developers of the Quirk Hotel has grabbed another piece of the Arts District.
Chase Bank readies first local branch, digs in at Willow Lawn
The banking giant continues to push ahead with its first retail branches in the Richmond region, and the landlord on one of its Henrico locations has put the property on the market even before the bank has officially opened for business.
HCA withdraws proposal to rezone land for ER in Henrico
The hospital chain has pumped the brakes on plans for a 24-hour, 11,000-square-foot facility on about 3 acres at the intersection of Nuckols Road and Hickory Park Drive near Innsbrook.
Morton’s permanently closes Shockoe steakhouse
The coronavirus pandemic has claimed another business, this one a high-end steakhouse that’s been a fixture of Richmond’s downtown dining scene since the early 2000s.