When it came time to think about selling off a chunk of its holdings in West Broad Village, a local private equity firm didn’t look far to find a buyer. The two sides completed a $5 million sale of one of the development’s large retail blocks last week.
A $12M project is being eyed on part of the former Philip Morris warehouse complex in Shockoe Bottom. If approved by City Council next week, it will be the fifth phase of a development that already holds 525 apartments.
A housing nonprofit plans to take a long-abandoned former school building and convert the property into nearly 100 apartments for low-income elderly residents.
On the heels of rapidly expanding Aldi, another European grocer is moving forward with plans to build its first area store on a Laburnum Avenue site currently home to a car dealership.
Shortly after unloading 18 hotels, a downtown real estate firm is heading toward a mid-May IPO.
With two locations recently opened and four more on the way, the quickly growing grocer has already zeroed in on its next move: taking over part of a large clothing store in the West End.
Work is underway on Pleasants Hardware’s new West Broad location, a piece of the real estate shuffle surrounding the arrival of Whole Foods in the city.
The developer’s Libbie Mill development in Henrico has landed another large lease from a local insurance company and will soon break ground on a second office and retail building.
The annual Commercial Real Estate Awards on Tuesday celebrated Richmond’s top development projects and property deals, and the $434 million development at Libbie Mill took home the top honors.
After months of back and forth in court, the sale of Billy Jefferson’s 440-apartment portfolio has finally been approved. And the buyer, making its entrance in the Richmond market, has sweeping renovation plans for the Fan and Museum District properties.
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