The announcement appears to be a sign that the company’s board has taken to heart at least some of the concerns expressed in recent months by shareholders, some of whom went public with their grievances.
Dubbed The Maverick, the development would span two 5-story buildings and rise on a 3.25-acre vacant lot across from Mexican restaurant Abuelita’s.
The firm paid $2.1 million per acre for the property, where it’s planning a five-story, 300-unit apartment building.
The split vote came just weeks after officials announced that Goochland had won the remaining funding it needed for a new diverging diamond-style interchange near the site.
Not to be outdone by the ongoing Richmond-area expansions of competitors Wawa and Sheetz, Royal Farms has found the site for its next local store.
The sale to RailField Partners is the fifth time that the Millspring Commons complex at Hungary Spring and Staples Mill roads has changed hands in the past nine years.
Two local big-box retail buildings are about to go dark as the two national retailers shutter locations in Northside and western Henrico.
As one longtime industrial tenant punches out of Shockoe Bottom, another is clocking in.
After losing the namesake retailer at one of its local shopping centers, is turning to residential redevelopment as a means to inject new life into the property.
After marketing the site for a mixed-use development that he’d hoped would bring a grocery store to Manchester, a local construction industry veteran is putting his prime Southside parcel back up for grabs.
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