Another batch of Manchester apartments will open this month, with another 90 units to be finished at the $18 million project by the end of the year.
Commercial Real Estate
As Wegmans rises, tenants line up for spot in once-stalled project
A long-dormant development site in Chesterfield County is finally taking shape with a large grocery store as its anchor, and now the entire project is almost full with other tenants following suit.
Parham office complex sold for $12M
The owner of MeadWestvaco’s downtown headquarters grabbed another office property last week, the long-term headquarters of a direct marketing firm.
Busy apartment market adds $20M in new listings
The local real estate market has seen a flurry of recent apartment deals and listings, and two more properties in Shockoe Bottom and the Southside are now up for grabs.
Hanover OKs 120-acre development
A ‘multi-use’ development that will build 200,000 square feet of commercial space and 530 residential units on the edge of Mechanicsville got the go-ahead from county supervisors this week.
HDL takes next step for VCU lease deal
With court approval, HDL is hurrying to finalize a lease with VCU that would give the university 45,000 square feet in its downtown headquarters building and save the lab company $1.5 million annually in rent and utilities.
REIT wraps up $103M shopping spree
After selling off a batch of properties and going public earlier this year, a downtown real estate firm is back to buying with three hotel deals in Florida and California.
Medical practice to revive vacant college
A kidney specialist is gutting a former college building in Henrico County that it will convert into a new medical office building – for its own operations and another large tenant.
Hardywood deal marks big win for office park
Hardywood’s $28 million Goochland plans are a big boon for the craft brew industry, and local developers Pruitt Cos. and Bill Goodwin’s CCA Industries will also benefit from the massive planned facility.
Insurance firm grabs top spot in downtown tower
After 13 years in Shockoe Slip, an insurance company is moving in with one of its biggest clients to the new 18-story addition to downtown’s skyline.