A uniform manufacturer tied to the well-known Richmond family is moving out of the city into a much larger facility that it recently purchased for more than $3 million.
Commercial Real Estate
VCU Health adding to Stony Point real estate
The health system bought a plot of land in Stony Point for nearly $2 million, and it is building a 60,000-square-foot medical office building to join its other facilities in the area.
A peek inside downtown’s newest office tower
The new Gateway Plaza tower is open for business with all but two floors leased. Check out some photos from BizSense’s recent tour.
Unfinished Manchester apartment project listed for $15M
With some work still wrapping up, a 100-unit Manchester apartment project is the latest in a series of large multifamily property to hit the market.
143-acre golf club sold after foreclosure
A shut-down country club property was sold for $825,000 in Prince George county, and it will likely not be resurrected as a golf course.
School redevelopment kicks off Northside transformation
An $11 million project that will convert an old school building into more than 75 apartments for low-income seniors is getting off the ground, with new road work and further rehab work to follow in the Highland Park area.
Hotel relaunches under new brand after major renovation
A hotel family that bought a property out of foreclosure and poured $7 million into renovations has reopened the hotel’s doors under a new brand with larger rooms.
Another Boulevard property changing hands
A long-standing car wash plans to shut down, and its owner says the property – which sits along a stretch recently booming with new developments – will soon be sold.
Pruitts plan retail, hotel at West Creek
The business park’s owners have plans in the works to add 55,000 square feet of retail space and a 130,000-square-foot hotel to the development.
East End eyesore slated for residential revival
A nonprofit is wrapping up its string of land deals in Union Hill, where it plans to add nearly 50 new mixed-income apartments between new construction and the rehab of a 1920s building.