The change would not remove existing parking or prohibit owners from providing parking on their properties, but rather allow them to determine how much parking is needed based on the market and neighborhood conditions.
On display at the event was a scale model of the 1.7 million-square-foot Chesterfield factory made out of about 34,000 Lego bricks.
Performance Pickleball RVA will feature 18 courts, with a mixture of indoor and outdoor, as well as a pro shop, bar and restaurant. The investors behind the project say they believe the venue will be the largest of its kind in Virginia.
Behind the project is Crescent Communities subsidiary Axial Industrial, which also is pursuing a pair of warehouses near the Project Rocky site in Goochland.
The spike in loan rates that began in 2022 has prompted some real estate developers to rethink their math, leading some to delay construction on previously announced projects in the Richmond region or, in some cases, to put project sites back up for sale.
The 36-unit complex is adjacent to the former Samis Grotto Temple at 4028 MacArthur Ave., which is slated for a mixed-use renovation after selling to a pair of local developers in January.
The 310-unit project is the first in the Richmond market for Bainbridge Cos., a 26-year-old company that has developed thousands of apartments in Florida and up the East Coast.
Billboard ads are now running along I-195, alerting passersby of the lagging stock price of Medalist Diversified REIT. Aggressive shareholder Jon Wheeler is behind the campaign.
Raleigh-based PRMS Investments has made a splashy entrance into the Richmond market, buying land in two of the city’s hottest areas.
With construction complete, the 120,000-square-foot retail development at Carytown’s western edge has added three more tenants, including the Texas-based cake shop chain, a yoga studio and a women’s clothing store.
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