Facing higher cost projections, and feeling the financial crunch of the coronavirus crisis, a regional nonprofit has scrapped its plan for a local training facility for workers entering the construction industry, leaving the project’s supporters in search of someone else to take up the cause.
Commercial Real Estate
Lickinghole calls it quits at downtown taproom
The local brewery has permanently closed its satellite location in Shockoe Bottom after less than three years and now plans to expand into distilled liquor at its rural Goochland headquarters.
Developer adds to downtown Broad Street holdings
One of the developers of the Quirk Hotel has grabbed another piece of the Arts District.
Chase Bank readies first local branch, digs in at Willow Lawn
The banking giant continues to push ahead with its first retail branches in the Richmond region, and the landlord on one of its Henrico locations has put the property on the market even before the bank has officially opened for business.
HCA withdraws proposal to rezone land for ER in Henrico
The hospital chain has pumped the brakes on plans for a 24-hour, 11,000-square-foot facility on about 3 acres at the intersection of Nuckols Road and Hickory Park Drive near Innsbrook.
Morton’s permanently closes Shockoe steakhouse
The coronavirus pandemic has claimed another business, this one a high-end steakhouse that’s been a fixture of Richmond’s downtown dining scene since the early 2000s.
City pacing itself on C-PACE loans in light of state program
A city loan program aimed at enticing property owners to make clean energy and water efficiency upgrades is being put on hold weeks before it was set to start, in light of a state-funded program that could end up replacing it.
West End investment firm invests in new HQ
After 15 years of managing clients’ money with a low-risk ethos, a West End financial firm is applying that approach to its future home.
City looks to declare Navy Hill properties surplus, opening door for RFP
A significant step in the City of Richmond’s plan to solicit new development proposals for properties that were part of the failed Navy Hill plan is set to be put into motion this week.
Cville’s Mudhouse Coffee setting up shop in Richmond
A mainstay of the downtown mall is heading to Jackson Ward, where it will be across the street from one of its Charlottesville contemporaries, Common House, which is building a “social club” on Broad.