The project’s expanded tax increment financing area includes multiple properties owned by Thalhimer Realty Partners, the local firm that’s helping lead the $2.4 billion mixed-use development.
The payment was quietly made to Project 10th Street Owner LLC, tied to Oak Street Real Estate Capital, which was handling financing for the project for developer Capital City Partners.
The income-based apartments will rent between 40 and 60 percent of the area median income and feature green building and energy-efficiency technologies.
The review comes two years after the city opened the door to using eminent domain to secure privately owned land for its planned Shockoe Bottom Heritage Campus.
The dismissal, which came on April 10, ties up a loose end ahead of the island’s sale to the City of Richmond, which is working with the Capital Region Land Conservancy to acquire the 15-acre island and turn it into a park.
The expansion would extend historic tax credit eligibility to several industrial properties along Hermitage Road to the south and east of the Diamond District.
With a planned Lidl store off the drawing board, an auto dealership is in the works for a former church property in Mechanicsville. Atlanta-based EH Automotive Group is seeking a rezoning approval that would set the stage for a new Kia dealership at 6395 Mechanicsville Turnpike. The auto group’s COO Amr Hallaba said in an… Read more »
There’s been yet another twist in the tale of the former Royal Virginian Golf Course, as a portion of the property is up for auction until May 10 with a starting bid of $400,000.
It’ll be the seventh restaurant for Lindsey Food Group since its launch in 2020. Its restaurants include Lillie Pearl, several Buttermilk and Honey locations, ML Steak and Jubilee.
Initial tenants are Chesterfield County Public Schools and the county’s economic development department, which together are expected to occupy about half of the project’s first office building.
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