The risk of rising sea levels and a generational leadership transition are pushing a Hampton Roads-based real estate firm further into the Richmond office market.
Commercial Real Estate
Two projects in the works in the vicinity of Libbie Avenue between Grove and Patterson avenues are planned to triple the number of homes currently on those lots.
The city paid nearly $2 million to secure the improvements to Canal Walk, which were completed and paid for initially by a partnership between WVS Cos. and Tom Papa.
The Cornish Brewery Apartments at 1201 W. Clay St. sold in an off-market deal. Thalhimer Realty Partners was the seller.
With a sentencing hearing looming next week, one of the former employees of MGT Construction who had a hand in the accounting scheme that toppled the general contracting firm has bought himself some extra time.
Rewatering the canal. Tunneling under the expressway. Closing Carytown to vehicles. Those are among the standout ideas and stats presented in the city’s draft master plan, which reaches the end of its public comment period Monday.
The owner of two Carytown clothing stores tried to make the most of the pandemic shutdown with a shuffling of her shops.
As national tenants continue to vacate amid bankruptcies spurred by the coronavirus pandemic, urban planners behind a proposed update to Richmond’s master plan are not giving up on the troubled Southside mall.
While regional chain Roots Natural Kitchen is in expansion mode, Florida-based Metro Diner now has closed both its local locations for good.
The national cookware chain, which on Wednesday filed for bankruptcy, is permanently leaving the struggling Southside mall. It’s Sur La Table’s only location in the Richmond region.