A Louis Salomonsky project near the Siegel Center and a 1975 apartment development have brought new firms into the Richmond market and are slated for upgrades.
Commercial Real Estate
Citing a flood of new commercial interest on a rare undeveloped Short Pump lot, the landowner has pulled its pitch for nearly 50 town houses.
The new owner of a longtime local pub spot on Franklin Street has plans to replace the upstairs office space with 10 new apartments as the neighborhood slowly draws more businesses.
A bankrupt entity tied to a local restaurateur auctioned off a 100-year-old former bank building downtown to a West Virginia investor.
A three-man development group has plans to bring a handful of apartments and a new restaurant to the stretch of Cary Street between VCU and Carytown.
A real estate firm that works with foreign investors made its first move in Richmond market with the purchase of a Chesterfield County apartment complex.
A real estate management company doubled its property portfolio in a purchase of a Texas firm, and it’s looking for more acquisitions in the future with help from a planned capital raise.
The large industrial building is being pitched as a subdivided space that could house several industrial, retail, restaurant and office tenants.
A Mechanicsville property sold for $4.4 million last week, and a local home furnishings retailer has big plans to build a large new distribution center.
A development firm is continuing to grow its Church Hill portfolio with plans for a new commercial space, as well as a few residential units.