Downtown hotels are quickly filling up for prime rates over the course of the upcoming cycling event. And the swarm of people into the city is likely to give a boost to suburban hotels, too.
Commercial Real Estate
Auction looms for Chesterfield shopping strip
A retail complex off of Hull Street Road is approaching an auction after its Virginia Beach owner defaulted on an $8.7 million loan.
Another warehouse project taking shape in Scott’s Addition
As the transformation continues in Scott’s Addition, a floral wholesaler is getting into the real estate business and reviving its warehouse as more apartments.
Developers, restaurateur cook up new East Grace project
In the thick of downtown Grace Street’s recent restaurant revival, developers and a local restaurant group have teamed up on a plan to build new apartments and a ground-floor dining spot.
80-acre project in Chesterfield moving forward
Plans for more than 300 apartments, 50 townhomes and a senior living facility or commercial space have reached the Chesterfield Board of Supervisors after winning planning approval last week.
Cary St. printing firm expanding on the Southside
A longtime printing and graphics firm is giving up its downtown headquarters for a larger location across the river near Manchester.
After going public, firm adjusts to life on the radar
A downtown REIT that has, for years, kept its cards close to the chest is adjusting to its status as a publicly traded company, and it held its first quarterly earnings presentation with investors this month.
VCU-area apartments sold for $6.4M
After the local real estate scene prompted their recent homecoming, two native Richmonders have sealed their biggest buy to date with the purchase of an apartment complex on West Grace.
Land deals reenergize Chesterfield project
A 2007 mixed-use development in Chesterfield County seems to finally be turning a corner with two land deals in the past six months and work about to start on the project’s first apartments.
Airport hotel sold, upgrades on the way
A few months after switching brands, a hotel near RIC was sold for $4 million and now is set for renovations to its 226 rooms.