At least two of the four groups contending for the project are proposing hotel towers that, if built as envisioned, could end up being the tallest building in Richmond.
Commercial Real Estate
Richmond fire department relocates HQ, freeing up downtown building
The department has moved its operations out of the Douglas Development-owned building to a warehouse on North Hamilton Street.
Louis Salomonsky, prolific and controversial local developer, dead at 84
The prolific, trailblazing and controversial developer was among the first in the region to see the promise of using historic tax credits to rehab the city’s old buildings into new uses.
Western Henrico shopping center adds new brunch chain, sells for $10M to N.C. firm
On the heels of adding another new restaurant tenant, a western Henrico retail center with a knack for luring independent eateries has changed hands.
National developer plans overhaul of income-based apartment complex in South Richmond
Lincoln Avenue Capital is planning a complete renovation of the Chippenham Place Apartments, a 144-unit complex it acquired earlier this summer for $18.1 million.
City EDA ponders disposition of Intermediate Terminal building, other properties
The Richmond Economic Development Authority, which owns the old, stilted warehouse at 3101 E. Main St., held a committee meeting last week at which it discussed in closed session the future of the property.
Investor’s office park gamble continues to pay off after deal with Henrico school system
The lease is a big win for local investor Gagan Marwaha, who in January bought the three-building office park that had been vacant since anchor tenant EAB moved to a new office near Innsbrook.
Sauer gets green light to add apartments to Midlothian shopping center
Sauer Properties now has the approval in hand needed for a mixed-use revamp of the shopping center formerly known as Stein Mart Festival near the intersection of Midlothian Turnpike and Robious Road.
Chuck E. Cheese-anchored Tuckernuck Square under new ownership after $14M deal
A Big Apple firm has taken a bite out of Richmond’s West End as part of its entrance into the commonwealth with the purchase of the 86,000-square-foot shopping center.
Long-dormant Church Hill auto shop site under contract for new Midas location
Midas of Richmond owner Mark Smith confirmed he is under contract to buy the property at East Broad and North 21st streets, where local developer Zac Frederick had once planned a residential infill project.