William Wright closed his nearby Bistro 27 this year and is preparing to open a concept called Henley on Grace.
Commercial Real Estate
North Carolina-based Hem + Spire bought the fully occupied, 116,000-square-foot mixed-use building at 1300 MacTavish Ave.
The shuttered BB&T branch, which includes drive-thru bays, is across the street from an existing Starbucks with no drive-thru window.
The 15,000-square-foot, one-story building will complete the redevelopment of the former Bon Air Baptist Church site.
A $2 million renovation will expand the comedy club’s seating from 275 to 400 and, combined with DraftCade, it will occupy about 15,000 square feet at the mall.
The deal comes as the seller, Highwoods Properties, is seeking approval of a massive mixed-use development on 34 acres across the street from the site.
The Richmond furniture retailer wouldn’t say where its new home will be except that it will be within city limits.
The project would cap off the nearly decade-long redevelopment of the old Reynolds North complex along downtown’s canal front.
The coffee giant plans to open a new cafe at 4320 Commerce Road that will feature a drive-thru and employ 30 people.
A food hall, as well as office and retail spaces in repurposed shipping containers, are among potential uses being weighed for the property.