It will take more than a village to solve downtown Richmond’s retail conundrum, says one real estate analyst.
Commercial Real Estate
If you’ve got some extra capital and a hankering to own part of a prominent local real estate development company, you might want to take a look at the auction block.
Richmond needed a big-money sponsor to bring an NFL training camp to town, and one of the area’s largest health-care organizations had its eye on a piece of city-owned property. Those interests aligned in a deal that some are hailing as savvy economic development and others are deriding as opaque at best.
A subsidiary of a Richmond-based commercial brokerage that has been gobbling up properties has nabbed the old Julian’s building at Mulberry and Broad streets, and the space above the shuttered restaurant is slated for conversion to apartments.
Two dozen apartments set to open next month are the latest sign that the East Broad Street neighborhood is turning around.
The longtime Richmond developer scored the winning bid Friday on a 137,000-square-foot industrial property on Overbrook Road.
Industrial design firm Tektonics is doubling its footprint in the Manchester section of Richmond.
A plan to turn Innsbrook into a massive urban mixed-use development isn’t sitting well with some of the neighbors.
A South Carolina developer plans to break ground next year on a shopping center that will likely be anchored by the first new local Martin’s store since the grocery chain entered the Richmond market almost three years ago.
One week after the Museum District pub went dark, two restaurant owners in the same neighborhood have signed a lease to bring it back to life.