The property isn’t huge, but was once the subject of a legal spat between VCU’s Real Estate Foundation and the seller’s family, which had owned the property since at least the 1960s.
VCU purchases long-sought plot on Shafer Street
Commercial Real Estate
Kroger revisits plans for new grocery store in Mechanicsville
The grocer first had the site rezoned in 2015 but never moved forward with the project. Now it’s back seeking amendments to the approved site plan to add square footage for what would be a 118,000-square-foot Kroger Marketplace.
National apparel supplier SanMar takes distribution center near Ashland
The company has signed on for the 1.1 million-square-foot facility previously lined up for Lowe’s Home Improvement, which opted out of the project in favor of a comparably sized facility in South Richmond.
Solar-powered apartments planned for old Chamberlayne hotel site
The project from Spy Rock Real Estate and Crescent Development would fill the former hotel site with 186 income-based apartments that would be powered by an adjacent solar field.
Innsbrook flex-office company sold after 35-year run
Whereas Wi-Fi and beer on tap are obligatory at today’s coworking venues, fax machines were the amenity du jour back when Ali Abbasi and his wife founded the Business Center International in 1988, renting offices and meeting rooms to other companies in Innsbrook.
Feed More to relocate to $40M warehouse planned near St. Joseph’s Villa
The food bank confirmed it’s behind Project Nourish, the code-named industrial project in the works for Goodwin-owned land near St. Joseph’s Villa. The move would free up its current location near the Diamond District.
Jackson Ward project site put up for sale, approved plans included
It may be too soon to call it a trend, but for the second time this year in Richmond a developer has pumped the brakes on a sizable project in the city and put the subject property on the market.
Investor’s Henrico office park gamble begins to pay off
Where some may have seen just an entirely empty suburban office complex, Gagan Marwaha saw something he wanted to put his name on.
S.L. Nusbaum developing $28M apartment project near Westchester Commons
The commercial real estate brokerage is donning its developer cap for the project, which will consist of 160 income-based units.
Billups Funeral Home building in Church Hill finds a buyer
Descendants of the Billups family put the century-old building up for sale after the longtime funeral home went out of business in the early part of the pandemic.