Commercial Real Estate

The latest filings were made by Gilbane Building Co., which has taken over as the general contractor for the stadium from previous GC Whiting-Turner.

“We are confident that the facts will prove that this suit has no merit,” Thalhimer CEO Lee Warfield said of the lawsuit from Republic Properties, its former partner on the project.

Republic Properties, which once led a previous iteration of the development group, is suing Thalhimer Realty Partners and Loop Capital following their formation of a new entity that entered into a revised development agreement with the city in May.

“Development plans change over time as activity and events happen,” Mark Hourigan said. “We had a number of people that were very interested in that land and ultimately we ended up structuring a deal with QTS.”

With students in mind, Parc View offers 168 fully furnished units and can house around 500 people. It’s already 80% leased, according to its Chicago-based developer.

The 9-month-old firm has grown to a staff of around 50 and a management portfolio of 12.4 million square feet of office, industrial, retail and mixed-use properties in Virginia.

The complex spans three buildings and 312,000 square feet and marks the buyer’s first acquisition in the Richmond market.

North Carolina-based Strata Clean Energy is behind the project, which would place solar panels on about 340 acres of the overall site.

Hourigan bought nearly 400 acres for the proposed industrial park, the exact scale of which is still to be determined.

Last week’s vote, along with a prior approval to raze the eastern part of the property, means the entirety of the Pocahontas complex is on the chopping block to make way for the new “Commonwealth Courts Building.”