The old shopping center is being cleared to make way for Springline at District 60, which is the newly unveiled name for the mixed-use development.
Updated: Chesterfield begins demolition of Spring Rock Green ahead of ‘District 60’ redevelopment
Commercial Real Estate
Planning Commission delays vote on 260-unit Museum District project
Georgia-based Flournoy Development Group must wait until next month to learn whether its six-story project at 3600 Grove Ave. will get a thumbs-up from the commission.
As stock price lags, Richmond REIT weighs potential sale, other ‘strategic alternatives’
The downtown firm disclosed that it will “explore potential strategic alternatives focusing on maximizing stockholder value.” It said those alternatives could include a sale of all or part of the company’s assets, a joint venture, restructuring, or other transactions.
Lingerfelt picks up industrial portfolio in $105M deal with Partners Group
The investment firms closed Thursday on the nine-figure deal that purchased the Walthall Distribution Center near Chester and Northlake Distribution Center near Ashland.
Henrico sells Best Products site to GreenCity developer, buys athletic center next door
The Henrico EDA paid $4.5 million for Saint Gertrude High School’s Outdoor Athletic Center, which is adjacent to the 200-acre GreenCity site.
Design firm Hickok Cole moves Richmond office back to Scott’s Addition
The D.C.-based firm is returning to the neighborhood after three years in the Arts District, where it had been since 2020.
Four development teams advance in City Center solicitation
The city announced it is inviting formal proposals from four of the five respondents to its November solicitation for the redevelopment project that would replace the Richmond Coliseum with a mixed-use development and convention center hotel.
1,000-plus homes, a Wawa and more in store for area east of Sandston
“You’re going to see a lot more development in that area,” said Doug Godsey, whose Varina-based Godsey Properties is driving the bulk of the new development that includes plans for a potential hotel.
Year after merging, Richmond tech firm and engineering giant Jacobs combine offices in Scott’s Addition
The two sides became aligned in February 2022 when Jacobs acquired StreetLight Data from founder and Richmond native Laura Schewel.
VCU purchases long-sought plot on Shafer Street
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.