Commercial Real Estate

Pinnacle Living recently bought the Spring Arbor of Richmond facility at 9991 Ridgefield Parkway and Spring Arbor Cottages of Richmond at 10601 Barbara Lane.

The owners of the daily fee course in Goochland, just west of Short Pump, have been in early-stage discussions with local developer Markel | Eagle Partners about its long-term future.

A baker’s dozen of modern townhomes make up the first batch of The Parkline, an infill development that’s one of three projects transforming the former Dominion Energy properties at Stafford and Grayland avenues.

The former Shawarma Shack and Cloud Hookah building is gone and will be replaced by two floors of apartments over a ground floor commercial space.

The Rockville-based firm that preps land for development is rolling out a new business, GreenWing Mitigation, that consolidates about a dozen mitigation banks that Liesfeld has developed over the past two decades.

Investor Loop Capital is no longer involved in the mixed-use portion of the ballpark-anchored project, leaving Thalhimer Realty Partners the lone lead developer amid a $40 million lawsuit from former teammate Republic Properties.

“We’re restoring the ceilings and returning the wood floors to the look and appearance of the original manufacturing (facility),” said the developer. “There’s a real sensitivity in bringing it back to what it was.”

The new plan scales down the planned apartment buildings on Overbrook Road from six stories to four with 31 fewer units between them. The 1930s-era hospital building also would be fully preserved and repurposed.

The 1 million-square-foot mall off Midlothian Turnpike dates back to the 1970s and most recently changed hands in 2013. 

The Richmond EDA, which owns the century-old building, is looking to field proposals that would see it restored or renovated, not demolished.