Commercial Real Estate

Builder begins work on new downtown digs

Hourigan 411 E Franklin 2 ftd

A commercial construction firm is building out a space for itself downtown as it readies to leave its longtime West End office.

Trio of projects transforming Short Pump

Greengate W Broad Marketplace Broad Hill Centre ftd

With work getting started on three large developments near Short Pump Town Center, West Broad Street is set to be flooded with 790,000 square feet of commercial space and more than 800 residential units in the next few years.

Developers plan $24M Shockoe Bottom project

Shockoe Bottom apartment plans 16 ftd

Four developers have teamed up to bring another 160 apartments to Shockoe Bottom, and they’re hoping to break ground by the end of the year.

Jackson Ward nonprofit preps for new tenant

Jackson Center UNOS 2 ftd

A large nonprofit is working on rezoning its Jackson Ward office, and the organization has said that one of the area’s major health systems is eyeing its extra space.

GRTC seeks buyer for bus depot

GRTC bus depot ftd

The mural-covered old bus depot just outside the Fan and Carytown has been sitting vacant for about five years. Now, the GRTC has put out a call for proposals to redevelop the 7-acre site.

Martin’s shutting down Henrico store

Dumbarton Square Martins ftd

A Staples Mill Road shopping center is losing its anchor tenant as Martin’s prepares to close up its 34,000-square-foot location.

Q&A: Redeeming the Jefferson empire

Quentin Reynolds Davis Cos ftd

After coming out on top of a complicated auction with a $37 million bid, a Boston firm is about to start upgrading the real estate portfolio of Billy Jefferson. Quentin Reynolds, a Richmond native and the Davis Cos.’ managing director, filled BizSense in on some of the details.

Would-be buyer walks away from bankrupt church

Months after putting down a $2.15 million bid on a large Southside church property, a Henrico congregation is stepping back from the deal, which has been convoluted by lawsuits.