Correction: An earlier version of this story incorrectly stated that Ralph Reahard helped structure the deal for 1321 1/2 E. Main St. His firm will be leasing and managing the property, but did not broker the deal. A group of out-of-town investors has grabbed a piece of downtown at the edge of Shockoe Bottom. An… Read more »
Commercial Real Estate
Developer eyes Manchester church property
Two suitors are lined up for a troubled Manchester church’s sizable real estate holdings, including a prominent local development company. Genesis Properties is one of the potential buyers in talks with bankruptcy trustees to purchase the Richmond Christian Center real estate portfolio, which amounts to 16 parcels in the Southside neighborhood, most notably its main… Read more »
Short Pump Town Center owner selling stake
A firm from Down Under is set to grab a larger share of the Richmond region’s busiest mall.
Facebook plans $1B data center in Henrico
The deal has been working its way clandestinely through the county’s economic development office under the codename Project Echo.
Owners of Millie’s, Lulu’s acquire 5 buildings in the Bottom
A pair of well-known local restaurateurs are trading in their rent payments for a full mortgage by purchasing a swath of properties fronting the 17th Street Farmers’ Market.
Rental complex in Chesterfield sells for $37.5M
Two months after a pair of multifamily properties south of Richmond both sold to out-of-town buyers, another sizable rental community has been snatched up.
Plug pulled on Ashland outlet mall
After nearly a decade of fits and starts, plans for the so-called Outlets in Richmond have been officially scrapped.
Developers plan 105 units in the Fan
The locally based team behind a pair of high-profile developments along the downtown canal is looking at a parking lot near Stuart Circle for its next project.
Grace Street Honey Shop building sold
A local investment banker has made a real estate play downtown, snatching up a long-abandoned building that housed a former health food store.
New zoning in place for Scott’s Addition, Boulevard
A months-long effort to revise city zoning to allow for more density in and around the neighborhood has received final approval from Richmond City Council.