A new owner wants to restore the property, which has sat empty since the jeweler closed last year after nearly 130 years in Richmond and more than 50 years on East Broad Street.
Commercial Real Estate
Two years into a multimillion-dollar effort to revive several properties around Hull Street, a local construction company’s venture into urban development is beginning to show results in the heart of Manchester.
After a national search to fill its vacant planning director seat, the county found its man in the Lone Star State.
The coworking trend is spreading to Short Pump and filling a commercial space that’s been vacant since it was developed nearly a decade ago.
Two D.C.-area companies turned their sights south of Richmond in a pair of multifamily deals that each topped $20 million.
The new phase marks the seventh expansion of the 200,000-square-foot property on the eastern edge of the neighborhood.
With the recent increase in activity in the city, developers say the delays have gotten worse, costing them money and slowing down projects in what some see as a boom time.
After it was scrapped as the future HQ for one of Richmond’s fastest-growing companies and put back on the market, a notorious Shockoe Bottom building has hooked another owner.
Developers enlisted a new-to-Richmond brokerage to market the property, which has been on and off the market for three years.
A Chesapeake-based firm with a local office in Mechanicsville is moving its Richmond operations downtown into the Cokesbury building.