With its planned tenant bowed out of the project, the developer behind a much-scrutinized bank building rehab on Brookland Park Boulevard now must pay back $200,000 in grant funds it received from the City of Richmond, which has deemed it in default of the grant’s terms.
Commercial Real Estate
Manchester project adding office to the mix
The run on Manchester real estate has brought new development opportunities ready to enter new territory.
VUU pulls out of Northside bank building project
Scrutiny surrounding a seemingly stagnant redevelopment project on Brookland Park Boulevard has prompted a local university to sever ties with the venture.
New local CBRE office poaches foursome from Harrison & Bates
A California-based commercial real estate firm continues to rebuild its Richmond ranks, as it has picked up a band of brokers from a local competitor.
Manchester-area townhomes get City Council approval
The city’s Southside is set to get a new dose of single-family residential density.
Innsbrook-based real estate firm seals $70M NoVa acquisition
Marking its priciest purchase yet, a Henrico real estate investment firm just dropped eight figures for a property in Northern Virginia.
Jamaica House moving out of VCU-owned building, buys new home up the street
A longtime staple in the VCU dining scene is moving out of the neighborhood and east to downtown.
Moped mechanic seeks to add motorcycle skills, reopen shop
A Fan moped shop has closed but plans to come back soon with more horsepower.
Richmond vodka makers tapping brewery offshoot
The owners of a local distillery are looking to get in on the Richmond beer boom.
Blackstone-based bank making bigger push into Powhatan
Less than two years after making an entrance into Powhatan with a small loan office, an area bank is eyeing a competitor’s former headquarters for its first full-service branch in the rural county.