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 »
After suing the investors she enlisted on the project, the developer behind a stalled effort to restore a block of 19th-century rowhouses in Church Hill has filed for Chapter 7 personal bankruptcy protection. Deanna Lewis, who last August filed an $8.35 million lawsuit on behalf of herself and her company, Heirloom Restorations, against husband-and-wife investors… Read more »
Even a rundown old Chinatown bus station has potential when it’s nestled up against the edge of Scott’s Addition. Scott Coleman of Crossroads Development confirmed Wednesday that he’s behind the recent purchase of the No. 1 Bus Tour property at 3121 W. Broad St. CDI Broad LLC bought the site for $730,000 on May 19…. Read more »
One of Richmond’s big real estate players has sealed a pair of eight-figure deals in Hampton Roads and Tennessee. Lingerfelt CommonWealth Partners this month announced a $74 million transaction that transferred ownership of the Bank of America Plaza office building in Nashville. The 435,525-square-foot building sold to a joint venture that’s 95 percent owned by… Read more »
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