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.
One of the region’s biggest real estate investment firms has unloaded seven buildings in its own backyard – but its involvement with the properties will continue.
“Multifamily (housing) weathers recessions really well, especially B-grade multifamily, and that’s what we do.”
Capital City Partners has submitted an offer to the City of Richmond to buy the Public Safety Building property at 500 N. 10th St. The project would not involve city funds or a TIF.
While much of the Richmond economy remains in coronavirus limbo, local corporate bankruptcy attorneys were tossed a big fish on Monday – and it’s a gift that will keep on giving for the foreseeable future.
A national car wash brand’s local operators have dropped nearly $5 million in recent weeks for two new sites: one near The Diamond and the other in the suburbs.
The state agency is eyeing some development of its own at its downtown headquarters. However, the pandemic has thrown a wrench into the plans.
As it prepares to open the Richmond area’s first medical cannabis production facility this month, its operator now has its eye on opening several dispensaries, thanks to recently signed state legislation.
Three years after it first went under contract in a deal that fell through, one of the last remaining developable tracts with Broad Street frontage in Short Pump has finally landed a buyer after fielding multiple offers.
A brewery-anchored project on the Southside is eyeing a summer finish line, the same time many Richmonders are hopeful for an ending of social distancing guidelines.
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