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.
City Council delays Westhampton School rezoning vote
Commercial Real Estate
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.
The Pipeline: CRE roundup for 6.22.18
One South Commercial reports the following deals: BRT3 LLC purchased 316 Brook Road in Richmond for $500,000. Ann Schweitzer represented the buyer and Ryan Rilee represented the sellers. Richmond Union LLC purchased 2308 M St. in Richmond for $870,000. Katy Foucar-Szocki and Justin Sledd represented the seller. Have Site Will Travel reports the following deal:… Read more »
Vacuum maker grabs part of former Chinese paper factory site
A $1.9 million land buy has sucked the veil of secrecy off a large code-named industrial project in Chesterfield County.
Shockoe-based firm caps $26M real estate fund
A downtown wealth management firm’s real estate investment spinoff has closed out its latest eight-figure fund – and already is putting the money to work.
Out-of-town buyer drops $6M to beef up holdings in West End office park
A Florida-based real estate firm with an appetite for suburban office space has added to its holdings in Henrico.
Sprawling Williams Bridge Co. facility under contract, targeted for mixed-use
With a buyer lined up, the family behind one of the largest and most visible manufacturing sites on the city’s Southside has a deal in the works to rezone the property and clear a path for potential redevelopment.
Lofty deal closes in Church Hill
A Richmond developer has parted ways with one of its East End assets. Fulton Hill Properties last week sold The Lofty apartment complex at 3618 and 3626 E. Broad St. for $6.6 million, confirmed Jon Ondrak, the real estate company’s chief operating officer. The transaction, which closed June 14, had not been recorded in the… Read more »
With deadline looming, Planning Commission punts Westhampton School rezoning
A delayed vote Monday has put the city and Bon Secours Richmond at risk of missing an agreed-upon July 1 deadline to decide the fate of the former Westhampton School property — and it’s unclear what the consequences could be.
