Buoyed by some recent success, two veteran developers are working on a $5.5 million apartment building.
Commercial Real Estate
The half-acre property at 1109 W. Marshall St. is headed to foreclosure more than two years after its owner, the Commonwealth Cancer Institute, went bankrupt.
More than 120 Richmond area business folks were at the Virginia Center of Architecture for the Commercial Real Estate Women annual summer social. Check out BizSense’s photos.
Bank of Hampton Roads is foreclosing on two buildings in Scott’s Addition and hoping to recover some of the $15 million it lent Justin French.
A Richmond entrepreneur is returning to his roots, leasing 10,000 square feet in a Shockoe Slip building he left four years ago after selling his previous company.
A new player wants to supply Richmond restaurants with food and equipment.
The area’s office market, which saw vacancy skyrocket above 20 percent after the recession decimated some of Richmond’s largest companies, has rebounded as another big tenant just signed a lease.
Developer Scott Boyers is planning a four-story, 22-unit apartment building where a BP station now stands.
A multifamily REIT expanded its footprint in Richmond, buying the sole Richmond property belonging to a New York real estate holding company.
Developers are doubling down on their bet that Scott’s Addition will be the next local hotspot for historic tax credit conversion apartments.