The new owner of a longtime local pub spot on Franklin Street has plans to replace the upstairs office space with 10 new apartments as the neighborhood slowly draws more businesses.
Commercial Real Estate
Old bank building sold at auction
A bankrupt entity tied to a local restaurateur auctioned off a 100-year-old former bank building downtown to a West Virginia investor.
Cary Street corner set for renewal
A three-man development group has plans to bring a handful of apartments and a new restaurant to the stretch of Cary Street between VCU and Carytown.
DC firm buys 300 Chesterfield apartments
A real estate firm that works with foreign investors made its first move in Richmond market with the purchase of a Chesterfield County apartment complex.
Real estate firm seals acquisition, turns to $30M raise
A real estate management company doubled its property portfolio in a purchase of a Texas firm, and it’s looking for more acquisitions in the future with help from a planned capital raise.
HandCraft hunts for Scott’s Addition hopefuls
The large industrial building is being pitched as a subdivided space that could house several industrial, retail, restaurant and office tenants.
Firms ink deals to buy, build industrial space
A Mechanicsville property sold for $4.4 million last week, and a local home furnishings retailer has big plans to build a large new distribution center.
Church Hill developers take on new project
A development firm is continuing to grow its Church Hill portfolio with plans for a new commercial space, as well as a few residential units.
Builder begins work on new downtown digs
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
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.