Commercial Real Estate

Developer Steve Leibovic said he intends to build a mixed-use project on the site, but that he’s still working on those plans.

A crowd of more than 300 packed into River City Roll last week fir an insightful panel discussion about the next phases of the city’s massive ballpark-anchored Diamond District project.

The sale of the Sapporo-Stone building is the latest in a trend of high-dollar industrial real estate deals to close in recent months in eastern Henrico.

Mayor Danny Avula and other officials took a tour Thursday morning of the under-construction CarMax Park, which is approaching its topping-off point for steelwork for the stadium.

The two downtown blocks bordered by Seventh, Ninth, Main and Cary streets may soon be one of the busiest development hotbeds in Richmond.

“No longer will people drive past Petersburg,” said developer and NFL Hall of Famer Bruce Smith. “Instead, they will make plans to drive to Petersburg.”

“We’ve done a lot of work over the last two years, putting in infrastructure and building the lake,” developer Brett Burkhart said. “I would say we’re really happy with the success our first few tenants have had and that’s given us a lot of confidence in the project.”

The rezoning means the site can now be marketed as a “Tier 4” site by the Virginia Economic Development Partnership’s business ready sites program. It marks the first Tier 4 site in Powhatan County’s history.

An unnamed New York firm is plotting a high-rise tower that could include hundreds of residential units, hotel rooms, a grocery store, office space and restaurant/retail space. 

“Digital commerce is the next industrial revolution and it’s vitally important that Charles City has an opportunity to be included in the new digital economy of the next generation,” a county staff report said of the project.