Commercial Real Estate

Downtown office project shifts to apartments

Two developers who abandoned their original idea for an old tobacco company space downtown are ready to move forward with a plan to convert the decrepit buildings into more than 70 apartments.

Stony Point Fashion Park to be sold in $1.4B deal

One of Richmond’s largest malls will soon have a new owner as part of a Connecticut REIT’s billion-dollar shopping spree. When the deal closes later this year, it will be the third local mall to have an ownership change since 2013.

City’s latest apartment project clears one hurdle

Developers Louis Salomonsky and David White got the city planning commission’s approval for their next apartment venture, a nearly 180-unit complex near the Diamond. The project may include a mixed use section, depending on the future of baseball on the Boulevard.

Church resurrects neglected warehouse

A Midlothian church with a congregation of more than 1,000 purchased an old Costco store and plans to convert the vast space into an auditorium-style megachurch.

Chesterfield project luring its grocery anchor

A long-planned town center project is showing signs of progress after a development firm submitted plans to the county for a grocery store, which would serve as the anchor for the commercial and residential community.

New owner checks in at Innsbrook hotel

The Richmond Marriott West on Dominion Boulevard in Glen Allen. (Photo by Michael Schwartz)

A Richmond real estate firm is directing its efforts about half a mile from its headquarters, taking on the development of a hotel that’s been fighting foreclosure.