Two more Virginia banks are trying to recover millions squandered on incomplete historic renovations by Justin French. Only this time the banks didn’t lend directly to French.
Commercial Real Estate
A Chesterfield shopping center is adding a handful of big chains, including Dick’s Sporting Goods and 5 Below.
It has been more than two years since the CommonGroundz coffee shop closed, and the space has sat vacant, aside from the apartments upstairs.
Another bank is foreclosing on some of developer Justin French’s property, and it could leave the tax credit investor in the lurch.
Despite having a profitable year so far, the owner of Regency Square has decided to stop paying its mortgage on the West End mall.
Some of the top honchos who used to run Wachovia Securities will again be working downtown after their growing startup leased space in a vacated Shockoe Slip brewery.
A local real estate brokerage recently opened a new office in Hampton Roads with the hiring of a seasoned broker there.
Out-of-town investors close on one of the biggest deals this year in commercial real estate.
One of the last undeveloped buildings in Shockoe Slip is getting the rehab treatment. And the developer is moving full steam ahead on several other projects in the same neighborhood.
There’s been plenty of interest in the vacant brewery in Shockoe Bottom.