A Libbie-Grove-area commercial strip is in the hands of new owners, a group that’s pondering possible redevelopment of the property in the future.
Grove Ave. commercial strip sells for $6M
Commercial Real Estate
Brookland Park bank building back in RRHA ownership after failed redevelopment
The transfer occurred one day before the property was scheduled to go to auction and three years after the city sued the developer for default. The city has yet to recover $200,000 in grant funds it awarded for the project.
Project Snapshot: Springdale Park rising at old Henrico Plaza site
The long-empty site of the former Henrico Plaza Shopping Center on Mechanicsville Turnpike is filling up with a variety of new buildings that will house hundreds of homes.
Dodson deal to bring new apartments next to The Locker Room in Forest Hill
It’s the second deal Dodson has made along Forest Hill Avenue in the past six months and will bring apartments above the former Cafe Zata space.
Chesterfield’s Uptown Alley scoops up site for new Williamsburg location
The company paid $4 million to purchase the 64,000-square-foot former Yankee Candle building, where it plans to open a location featuring bowling, an arcade, duckpin bowling and a restaurant.
Coworking space opens in Union Hill
“I had been working out of my house since 2020. I have a three-year-old. There are dishes everywhere, toys everywhere, laundry. I knew I definitely was not the only person in the neighborhood going through that.”
New retail anchor space in store for Westchester Commons
The 25,000-square-foot building would rise on a vacant pad next to the shopping center’s Joann crafts store and would appear to be intended for a single user, which has yet to be disclosed.
More development planned around Hardywood on Ownby Lane
With hundreds of apartments already in the works in the vicinity, plans were filed with the city this week for a 314-unit apartment building that would rise at 1316 Ownby Lane.
Shareholders speak out, call for new leadership as local REIT’s stock languishes
“There are a bunch of us that are totally fed up with it and somehow or another the board needs to be replaced and somebody needs to sit with these guys and say ‘what’s going on?’” said one shareholder of Medalist Diversified REIT.
Real estate brokerage turning former Patterson Ave. bank branch into second office
The former Wells Fargo branch at Patterson and Starling Drive is providing a westward expansion for Icon Realty Group, whose owners are also eyeing additional development on the site.