Commercial Real Estate

“No longer will people drive past Petersburg,” said developer and NFL Hall of Famer Bruce Smith. “Instead, they will make plans to drive to Petersburg.”

“We’ve done a lot of work over the last two years, putting in infrastructure and building the lake,” developer Brett Burkhart said. “I would say we’re really happy with the success our first few tenants have had and that’s given us a lot of confidence in the project.”

The rezoning means the site can now be marketed as a “Tier 4” site by the Virginia Economic Development Partnership’s business ready sites program. It marks the first Tier 4 site in Powhatan County’s history.

An unnamed New York firm is plotting a high-rise tower that could include hundreds of residential units, hotel rooms, a grocery store, office space and restaurant/retail space. 

“Digital commerce is the next industrial revolution and it’s vitally important that Charles City has an opportunity to be included in the new digital economy of the next generation,” a county staff report said of the project.

After withdrawing its initial plans to replace the hotel with 375 apartments, Trinsic Residential Group said it isn’t giving up on the project.

Target would look to join Auto Zone, which already has a massive distribution center in the New Kent City Center development.

Trinsic Residential Group has backed away from its plan to replace the 176-room hotel into a 5-story, 375-unit apartment building.

Freedom Outdoors, which bought and owns Colonial Shooting Academy’s former Virginia Beach location, is working to reopen the Broad Street range.

Harper paid $4.8 million for 1300 Semmes Ave., which houses a 17,000-square-foot office building on a 1-acre site.