Commercial Real Estate

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.

Henrico shopping center sells for $33M

Westpark ftd

Blowing its recently updated record out of the water, Henrico County logged its largest commercial real estate deal so far this year with the sale of a busy Martin’s-anchored shopping center on West Broad Street.

Ukrop hotel on track for Sept. launch

Quirk Hotel ftd

The upcoming Ukrop hotel on West Broad Street will start booking reservations next month and is on track for a September opening.