A local coffee roaster is ordering a double shot of new cafes for its first try at running retail locations.
Commercial Real Estate
Wares of shuttered Martin’s Charter Colony store up for auction
With a new-construction Publix on the way, the shelves, appliances and other wares that once lined the aisles of the 74,000-square-foot grocery store in Midlothian are being offered to the highest bidder.
West Broad Village apartments fetch $76M; $224,000 per unit
In one of the highest-priced multifamily deals in recent memory in metro Richmond, a Short Pump-area apartment complex is now in the hands of a new owner.
Marchetti Properties unloads five shopping centers for $125M
A family of local retail developers went on a nine-figure selling spree last month involving retail properties anchored by the likes of Wegmans, Kroger and Walmart.
Bank signs on in new Locks Tower project
A local bank is getting a canal view with its first downtown branch, while filling the entire commercial space in the latest phase of the Locks development.
Broad Street restaurant space lands another sports bar
A Northern Virginia-based sports bar chain is rolling its way into Henrico County, filling a building that was left vacant by the bankruptcy of its previous occupant.
Alabama-based developer drops $6M for land in Chesterfield
An out-of-town developer has secured its first site in the Richmond market, with plans to erect a $70 million apartment project.
Former Keagan’s space in Short Pump lands new tavern tenant
A regional chain with locations in Hampton Roads and Fredericksburg is opening its first Richmond-area outpost in the 8,000-square-foot space, which was left vacant in December.
Shockoe firm raising $25M real estate fund
For the third time in three years, an arm of a Cary Street-based wealth management firm is pooling investor money to buy into real estate – this time targeting “manufactured housing.”
Colonial Downs on track for reopening this year
The group behind the reopening of Colonial Downs in New Kent County is entering the homestretch of its push to bring horse racing back to the track.