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.
Commercial Real Estate
Jackson Ward nonprofit preps for new tenant
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
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
A Staples Mill Road shopping center is losing its anchor tenant as Martin’s prepares to close up its 34,000-square-foot location.
Unfinished 700-acre project faces auction
More than 700 acres in New Kent County, slated for a massive residential development before the recession, are approaching an auction later this year if the owner doesn’t pay delinquent real estate taxes.
Q&A: Redeeming the Jefferson empire
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.
Manchester’s 150-unit project wrapping up
The first residents will be moving into Manchester’s 150 newest apartments this summer, along with a local cafe chain.
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
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
The upcoming Ukrop hotel on West Broad Street will start booking reservations next month and is on track for a September opening.