Enjoy these highlights and the best soundbites from this week’s BizSense Assembly episode, which focused on the state of commercial lending in the midst of coronavirus and how the loan pipeline could be affected going forward.
Commercial Real Estate
Pulse-driven rezonings continue along Broad St.
As development interest continues to pick up along Richmond’s bus rapid transit line, city planners are looking to keep their finger on the pulse with another round of zoning changes, this time in the area across Broad Street from the Fan.
South Richmond starting to grow on D.C. cidery
After showing up in Richmond about nine months ago without a public-facing operation, a cidery from Washington, D.C. is expanding in the Southside.
Project Snapshot: 500-home ‘Mosaic’ development piecing together in Goochland
The first phase of one of the biggest residential developments to come to the county is beginning to take shape off Route 288 beside Capital One’s West Creek campus.
$40M RiverHaus project on hold in Manchester
Unexpected, unsolicited offers and fallout from the pandemic has landed a Manchester multifamily project on the back burner.
Glen Allen private school makes move to Lakeside
A small, 2-year-old Montessori school is trading Northern Henrico for Lakeside in a bid to get closer to its target student demographic.
Thinking long term, development group snags 9 acres near Manchester
“If you don’t stay three to five years ahead, you’re behind,” said Richard Smith, who partnered with Tom Papa and Walter Parks on the deal.
Chesterfield County plans major rewrite of zoning ordinance
“It’s still a 1956 Oldsmobile. Sometimes you have to just buy a new car.”
Douglas Jemal speaks out: ‘It’s an opportunity of a lifetime for Richmond’
In a rare interview, the founder and president of D.C.-based Douglas Development, who had made his own bid for the bulk of the city-owned properties once planned for Navy Hill, opened up to BizSense after hearing about a second offer for part of the land this week.
Nordstrom to permanently shutter Short Pump store by August
While the department store was one of Short Pump Town Center’s original anchors, mall developer Tommy Pruitt says the ownership group sees opportunity in reusing the 120,000-square-foot space.