The Beach Cos., which already is building a 221-unit apartment building at 700 Semmes Ave., now controls the Thurston Spring Services site bound by Commerce Road, West Seventh, Perry, and McDonough streets.
Developer drops $7M for Manchester block
Commercial Real Estate
City fast-tracking new zoning for Diamond District project
The new Stadium District zoning classification would increase building height limits from 12 to 20 stories and potentially exempt the new ballpark from city signage rules.
New Chipotle, Teriyaki Madness outposts open south of the river
It’s the first restaurant in the Richmond area for Teriyaki Madness and Chipotle now has nearly two dozen locations in the region.
Lone holdout homeowners stand firm in middle of prime Manchester site
There’s a catch for whoever wins the right to transform TForce Freight’s four contiguous city blocks: they’ll have to work around Erik Colley and Lacey Cooke.
Big deals: Top 10 commercial real estate transactions for 2022
The 10 largest deals in the region had a combined price tag of $1.19 billion – $220 million more than the sum of the 10 biggest deals of 2021.
The year in CRE: City development recap for 2022
Development in the city of Richmond stayed red-hot this year. Here’s a run-down of the most noteworthy projects, hottest neighborhoods and most interesting trends.
Coke bottler making improvements to Meadowville Tech Park distribution center
With soda already flowing elsewhere in the building, additional construction is now underway on a warehouse in Chesterfield County that was leased earlier this year by Coca-Cola Consolidated.
Updated: Diamond District runner-up among five respondents to City Center solicitation
Also vying for the project are local firms Capital Square, Shamin Hotels and Sterling Bilder
City awarded $11M grant for Shockoe interpretive center at Main Street Station
The grant from the Mellon Foundation is the biggest award yet through its Monuments Project, which doled out an additional $5 million for five other local projects.
Hampton’s Old Point National Bank sizes up in Henrico
The bank first expanded into the Richmond market in August 2020 with a two-person team. It now has seven on the ground here and just leased a bigger office in Henrico.