Richmond’s largest privately held hotelier has made a move into UVA territory.
Commercial Real Estate
Rehabbed First National Bank building nets $39M
Marking the city’s largest apartment deal in recent memory, an out-of-town buyer has grabbed a redeveloped downtown bank building barely six months after it hit the market. An entity tied to Washington, D.C.-based real estate firm Gates Hudson last week purchased the 154-unit First National Bank apartment building at 823 E. Main St. in Richmond’s… Read more »
Westhampton School rezoning passes Planning Commission muster
The prospects of future development at the old Westhampton School site took a step forward on Monday. The Richmond Planning Commission voted to recommended approval of Bon Secours’ request to rezone the school’s 6 acres at 5800 Patterson Ave. The matter now needs City Council approval. Bon Secours filed the request in late May, as… Read more »
DHR head addresses Manchester boundary debate
A delayed vote on a requested boundary expansion of an historic district in Manchester has prompted the local development team behind the proposal to threaten to halt construction and further investment in the area – even though the state agency reviewing the proposal said it supports the plan.
Thalhimer slurps up former Pet Dairy facility for $5.5M
A local development firm is looking to milk an opportunity out of a recently shuttered industrial site near The Diamond.
Plan in play to finish off Overbrook apartments, diner included
The apartment conversion of a warehouse three football fields long on Overbrook Road appears headed for its second and final phase – with a restaurant component added to the mix.
‘It deserves a new place to call home’
A state-owned, tin-looking building near the corner of Governor and East Grace streets soon could be in the hands of private ownership. That’s if the price is right – and if someone is willing to move it.
City Council delays Westhampton School rezoning vote
A week after the city’s Planning Commission delayed weighing in on the future of the old Westhampton School site, the City Council has followed suit.
Sale of Old Towne Petersburg apartment rehab nets $21M
An Innsbrook-based real estate firm stayed local for its latest acquisition, striking a deal with one of the biggest players in the Petersburg redevelopment scene.
‘It’s been a complete gut job’
The gutting of a once-troubled West Broad Street office building is in full swing, as its new owner readies it for a slate of new tenants that have already signed on.