Ted Ukrop has started a new hotel renovation project that includes two West Broad Street buildings and will also house his wife’s art gallery.
Commercial Real Estate
Dueling lawyers ally on fate of Jefferson properties
Defense and prosecuting attorneys have agreed that incarcerated developer Billy Jefferson’s 29 local properties should be kept from going to foreclosure auction next week.
New development firm quickly building its pipeline
Carter Snipes and Rob Stephens earlier this year launched River West Group, a new residential construction and development company that has its eye on projects in Church Hill, the Museum District and Scott’s Addition.
Walmart developer buys motel property
A development company bought a Brook Road motel last week for $2 million. The motel will be demolished to make way for a Walmart Neighborhood Market grocery store.
$13M assisted living facility breaks ground
An assisted living complex in Chesterfield will bring homes, a movie theater, and services to residents with Alzheimer’s and dementia. It’s being built as part of the CenterPointe development.
Imprisoned developer’s holdings headed to foreclosure
Almost 30 properties belonging to developer Billy G. Jefferson, who has pleaded guilty to charges related to a tax credit scheme, are set to be auctioned at the end of the month.
Midlothian hotel sells for $7 million
A local hotel owner bought a nearly 200-room hotel last month near the Chesterfield Towne Center.
HandCraft cycles through ideas for Scott’s Addition space
Leaving apartment developers out to dry, the co-owner of the HandCraft industrial laundry space is searching for the perfect tenant to move in next summer. And he’s already shown it to one Colorado brewery.
Lingerfelt cuts back at Short Pump
The real estate firm with more than 1 million square feet of local office space sold one of its large buildings in late June.
REIT sees right conditions for more warehouses
With low vacancy rates in its other buildings, a real estate company is planning to build three new warehouses as an extension of a Dabney Road industrial complex.