The Virginia Department of Environmental Quality has leased space in the office tower, leaving a hole in its previous downtown building owned by Douglas Development.
Commercial Real Estate
$25M retirement home planned for Goochland
A 180,000-square-foot retirement development is slated as the latest addition to West Creek Business Park.
Foreclosure sale looms for Midlothian shopping center
A last-minute cash infusion wasn’t enough to save a Chesterfield County retail property from the auction block.
Financial firm gets assist from fellow coworking grads
The sole commercial tenant in a recent downtown historic rehab is eyeing his neighbor’s apartment for an internal expansion.
$27M apartment project to rise five stories in Jackson Ward
A newcomer to the local development scene is bringing some added height to a 1-acre stretch of Marshall Street.
Hourigan to buy downtown Media General building
For the first acquisition of his newly minted development arm, a longtime local construction executive is going big – and eyeing a property he built for another Richmond firm nearly 20 years ago.
Dodson partners with yoga studio in downtown building
A yoga teacher and a busy local real estate developer have come together in the latest effort to reinvigorate a stretch of East Grace Street.
Real estate firm settles shareholder suit for $32M
A lawsuit challenging a downtown real estate firm’s $1.3 billion merger with its sister fund last year has netted an eight-figure settlement for the fund’s former shareholders.
Developers’ beef over alleyway spills into court
With a canal-front hotel deal in the works, the group behind The Locks development downtown is taking a neighboring landlord to court for allegedly blocking access to an alley that’s needed for the project’s next phase.
Proffer change requests contribute to county backlog; policy to be revised
Six months after cutting its proffer fees in half, an influx of requests from developers wanting to reduce their payments is testing staff resources and prompting a second look at Chesterfield County’s revised policy.