Less than a year after Colortree Group abruptly closed its Henrico printing plant and laid off 240 workers, another operator is lined up to take over the building, where it plans to invest $31 million and create about as many new jobs.
Commercial Real Estate
Coffeehouse moves across the river to Cary St.
A homegrown café has traded suburban living in Chesterfield for an urban outpost near the Fan.
Scott’s Addition to get sushi spot; Dairy Bar changes hands
A new sushi-centric restaurant is coming to Scott’s Addition, while the owners of a longstanding diner in the neighborhood are passing the reins to new management.
Former MGT employee pleads guilty in fraud conspiracy case
Patrick Lindsey, who worked for MGT until a massive accounting scheme was discovered at the company in 2016, faces sentencing later this year.
$22M project to add more apartments off Jahnke Road
The developer behind an apartment complex at the northern end of German School Road is looking to add more buildings beside it, filling out a corridor off Jahnke Road that continues to have an influx of hundreds of new homes.
N.C. buyer picks up office building on Foushee
Another Monroe Ward architecture firm has unloaded its building while remaining in the neighborhood.
$1.7M land buy sets stage for Carvana ‘car vending machine’ tower
A seven-figure purchase has secured the site where a national used-car retailer wants to erect one of its signature “car vending machine” towers in Richmond.
Bottom Burger owner firing up former Emilio’s on Broad St.
A local burger joint operator is taking over the former Emilio’s space in the Fan after the restaurant and live music venue’s successor flamed out last year after a few months in business.
Baltimore buyer picks up Southside retail strip for $10M
A Maryland-based real estate investment firm has entered the Richmond market with an eight-figure purchase of a Chesterfield shopping center.
Intermediate Terminal building ‘more than capable’ for restaurant use, report says
The 100-year-old building, once eyed for a bistro by Stone Brewing, could support a number of uses, including a restaurant, according to a structural engineering report the city’s EDA commissioned.