With one location already in the works and amid talk it’s set to buy local Martin’s stores, it appears Publix isn’t waiting in line to further establish itself in the Richmond market. Documents filed with the Henrico County Planning Department last week show a Publix store as part of a proposed expansion of the Stuart’s Crossing… Read more »
A sprawling retirement community in Mechanicsville is looking to grow once again – and it’s seeking more bond financing from Hanover County to do it. Covenant Woods, a nonprofit that operates a 319-unit facility on 86 acres at 7090 Covenant Woods Drive, is seeking up to $34 million in revenue bonds to fund another large-scale… Read more »
A billion-dollar deal between a financial giant and a Canadian REIT has trickled down to Chesterfield County. New York investment firm Blackstone Group bought the Towne Crossings shopping center at 11647 Midlothian Turnpike on June 1 for $18 million, according to a Chesterfield County property record. Greg Davis of Excel Trust, a California-based REIT owned… Read more »
A new commercial construction crew in town is looking to bridge social divides while helping to prepare the next generation of builders. Tekton Builders is finishing up its first full year in business while preparing to launch a related nonprofit: a workforce training program called Builder Academy of Richmond. The company – its name a… Read more »
The owners of a Richmond design firm have purchased a downtown building as the company looks to bring on new partners and expand. Rohn Price, Matt Simpson and Steve Harvey bought the three-story office at 207 N. Foushee St. for $600,000 on May 16. The three are partners at Price Studios, an architecture and interior… Read more »
Another building has vanished from the VCU stretch of West Grace Street. Just weeks after the shuttered Sahara restaurant was razed, the 7-Eleven store at 1003 W. Grace St., near the intersection of Grace and Harrison streets, has likewise been demolished. But unlike the Sahara site, which VCU plans to keep as open space, the… Read more »
For its first foothold on the East Coast, an Arizona-based manufacturer has landed in Chesterfield County. Fajon Turbine Parts & Repairs plans to begin operations this month at 8310 Shell Road just off Interstate 95 in Chesterfield County. The steam and gas turbine replacement parts and service company has leased the 43,210-square-foot building. CEO and… Read more »
With more than 20 years in real estate behind them, four brothers have closed on a Midlothian commercial property and an industrial building near RIC. Latitude Holdings bought the Midlothian Station Shopping Center at 13541-13591 Midlothian Turnpike on May 26 for $5.9 million from an unnamed Maryland firm. Latitude is a Frederick, Maryland-based real estate… Read more »
Lured by a change in the county’s tax code and a grant from the governor’s office, a cosmetics and pharmaceutical ingredients company is ramping up its plans for a new facility in Henrico. Polykon Manufacturing LLC last month purchased a 22.75-acre lot in the White Oak Technology Park from Henrico County Economic Development Authority. The… Read more »
Eleven minutes and a $100 bid helped send a downtown building into the hands of its lender. The Shockoe-Cary Building at 19-21 S. 13th St., which sits at the corner of East Cary Street, was foreclosed on at an auction on Wednesday. It is now controlled by Torchlight Investors, a special servicer acting on behalf… Read more »
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