After a two-year delay, a busy local homebuilder is preparing to start construction on a 271-apartment project in Chesterfield.
Commercial Real Estate
Richmond firm expands VCU-area portfolio
Just in time for the arrival of VCU’s biggest freshman class ever, a local real estate company has added to its apartment holdings in Jackson Ward.
Brookland Park Blvd.: ‘I didn’t know this was here’
A coffee roaster, a tattoo artist and a team of restaurateurs are among several local businesses eyeing the long-neglected corridor, which many observers are calling Richmond’s next commercial hot spot.
Local brokers changing teams
Four established Richmond commercial real estate brokers have left their respective firms in recent weeks for local rivals.
Breaking news: Six-story ‘car vending machine’ proposed in Short Pump
Two months after it started selling cars locally, a national used-car retailer is looking to make a towering impression on the Richmond auto market. Carvana, a 3-year-old online dealership that offers shop-at-home car buying, has filed plans with Henrico County to build an 8,200-square-foot auto fulfillment center with a 6½-story glass-and-steel tower it calls the… Read more »
Renovations inbound for West Main
Two local development companies partnered up to convert a Fan property into 16 market-rate apartments and 5,000 square feet of commercial space.
One Southside strip center sells, another gets lender scrutiny
A Midlothian retail strip was sold in an eleventh hour deal last week, while a nearby property that also borrowed at the height of the real estate boom is having loan troubles of its own.
Midlothian mixed-use project drags on
A decision on a much-scrutinized Midlothian mixed-use development won’t be made for at least another two months – nearly a year and a half since the project was first proposed.
Niagara falls into Chesterfield with $95 million investment
Lured with the help of money from the state and county, a California bottling company is pouring into a Chesterfield technology park.
Real estate fund cashes in
A fund specializing in the acquisition of office buildings has shifted from loan-backed property purchases and syndications to mortgage-less, all-cash deals.