Commercial Real Estate

A not-so-well-kept secret has been made official: Richmond’s new baseball stadium will be named for the Goochland-based Fortune 500 used car giant.

Longtime business partners Yogi Singh, Stewart Garland and Pushkal Basavaraj, through their company AgCold, are kicking off a $10 million refrigerated warehousing project in Suffolk.

“We don’t sell very often. This is the first Scott’s Addition property that we’ve sold,” Bice said. “We’re really buy-and-hold investors.”

Thalhimer is hitting back against the legal claims filed against it by its former partner in the Diamond District project, Republic Properties.

The nearly 120-year-old building traded from one self-storage chain to another. The 92,000-square-foot structure was for a long time used as a tobacco warehouse.

While the land had been eyed for more than a year by D.C.-based developer for 314-unit apartment building, the buyer was an entity tied to a different real estate firm.

If approved, the five-story, 96-unit building would rise at the corner of Richmond Highway and Royall Avenue. The project is dubbed Marquez Plaza.

“The idea was, we’d rather do something timeless than something that’s new and flashy,” said Christian Kiniry. “We spent a lot of time on the windows and the skin of the building. We tried to make it more of a classic style.”

A warehouse in Henrico’s Westwood area that was set to become Scott’s Addition-esque modern office space is now heading back to its industrial roots. 

Construction has started on a five-story, 279-unit apartment building across Telegraph Road from the former mall site after the deal closed last month.