Commercial Real Estate

Dominion to build 20-story tower downtown

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Dominion Resources has shed some more light on its plans to change the downtown skyline. The Richmond-based utility giant announced Thursday it will build a 20-story, 908,000-square-foot office tower at 111 S. Sixth St. The high-rise will replace the existing six-story, 269,000-square-foot Richmond Plaza building, which sits across the street from Dominion’s One James River… Read more »

Lidl places a bet on Broad Street

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In a bid to set up shop between two of its rival’s new Richmond locations, a European grocery chain is eyeing the site of a vacant horse betting parlor for its newest store. Lidl, through its Lidl US Operations LLC, filed preliminary plans April 28 with the Henrico County Planning Department for a 36,000-square-foot grocery… Read more »

Hard Hat Happy Hour II: The clock is ticking

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BizSense’s Hard Hat Happy Hour: Presented by Sands Anderson is back for its second installment, and this time we’re taking the show to Shockoe Bottom to the site of a former music venue and notorious night club. Join us for a lively evening on Wednesday, June 8, at the former Flood Zone/Have a Nice Day… Read more »

Going vertical

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Two of Richmond’s densest neighborhoods are getting more multifamily housing in one of the only spaces left: on top of existing buildings. A couple of highly visible projects are turning heads skyward with the addition of a third story to the former Chadwick Antiques building at Libbie and Grove, and a dozen apartments above the… Read more »

Parachute Factory sold at auction – again

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A foreclosed Manchester apartment complex with ties to two of Richmond’s most notorious developers is set to change hands for the second time in six months. The 95-unit Parachute Factory apartment complex at 300 Decatur St. in Manchester was sold in a live bid event through online real estate site Ten-X, formerly known as Auction.com…. Read more »

James Center looks ahead

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In a market flush with available downtown office space, and after sidestepping the foreclosure auction block, the James Center is banking on new owners and a team of brokers to give it a new lease on life. Colliers International announced in March that it had been picked to handle leasing at the 986,000-square-foot, three-building complex… Read more »

Revamped 13th Street property lures more tenants

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A Georgia-based consulting firm has landed in Richmond for its first outpost outside its hometown, joining a local investment banking firm as the newest tenants to signed on in a redeveloped building downtown.

‘Sunsets at the Hof’ debuts

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A new event series at Scott’s Addition’s newest events space kicked off this week near the intersection of West Broad Street and North Boulevard. The recently redeveloped Hofheimer Building at 2816 W. Broad St. on Thursday hosted the first evening of its “Sunsets at the Hof,” a series of happy hours intended to let the… Read more »

Foreclosed Henrico strip mall returns to lender

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It took a drizzly 13 minutes at the Henrico County courthouse for a West Broad Street shopping center to fall into the hands of its lender. The Lexington Commons Shopping Center at 10156-10192 W. Broad St. was foreclosed on at an auction on Thursday and went under the control of LNR, a special servicer acting… Read more »