A mystery bidder made the eight-figure offer for partially built Cartograf plant in Meadowville Technology Park, though a judge must first approve the sale as part of a legal dispute with a lender and contractor.
Led by City Council president and delegate-elect Michael Jones, the church is working with homebuilder D.R. Horton to redevelop the former movie theater property near Hull Street and Genito roads.
The 60-year-old Commonwealth Building in the 4600 block of West Broad Street would be replaced with a six-story building with 155 apartments and eight so-called “live-work” units.
Lawsuits filed by the $65 million project’s general contractor and led to the court ordering an auction. But the company that was supposed to occupy the building is pushing back.
The developers behind the transforming mall have struck a deal with Henrico’s EDA to buy the triangular-shaped lot at 1401 Eastridge Road, where they’re planning an additional mixed-use project.
The $17 million development marks new territory in Chesterfield for the Richmond-based nonprofit, whose other properties in the county are concentrated along the Route 1 corridor.
The Washington, D.C.-based firm, known for The Wharf development in its hometown, is planning a six-story, 367-unit apartment building at 3200 W. Moore St.
The sale came a month after Midas secured approval from Richmond’s Commission of Architectural Review to rehab the building, which operated continuously as an auto repair garage for nearly a century.
The properties in question are: an entire city block at 701 E. Cary St.; its 20-story Eighth & Main office tower at 707 E. Main St.; and a 3-story parking deck at 620 E. Cary St.
The deal involved two attached buildings in Shockoe Slip and a Richmond Highway industrial space, all while the firm continues to get the Diamond District project to the starting line.
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