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.
Owners of Millie’s, Lulu’s acquire 5 buildings in the Bottom
Commercial Real Estate
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.
Local brokerage sues Nexstar, seeks commission on downtown building sale
The $13 million sale of the former Media General HQ has resulted in a lawsuit from a Richmond commercial real estate firm that says it is owed compensation from the media company’s acquirer.
Cocktails, not cupcakes, spilling into Carytown storefront
The owner of Carytown Cupcakes is planning a bar for a storefront next to the confectionary that soon will be left vacant by Carey Burke Carpets.
Taco restaurant, juice bar lined up for pending Union Hill building
A new eatery and an established local juice maker have signed on for a proposed mixed-use development that recently received the endorsement of the Richmond Planning Commission.
Developer denies architects’ claims in Petersburg hotel lawsuit
The Maryland company behind a planned conversion of the former Ramada Inn disputes claims from a lawsuit by a Shockoe Slip firm that it is owed upwards of $150,000 for services related to the project.
