In a rare occurrence for one of the city’s hottest neighborhoods, a developer is pumping the brakes on a new apartment project in Scott’s Addition.
Developer puts Scott’s Addition apartment project on hold, up for sale
Commercial Real Estate
Pending sale of Mayo Island gets $7.5M boost from state grant
The nearly $12 million price tag to reshape the future of Mayo Island just got a lot more manageable for its prospective buyer. The Virginia Department of Conservation and Recreation last week awarded a $7.5 million grant to help fund the purchase of the 15-acre downtown island at 501 S. 14th St. and convert it… Read more »
RRHA planning rehab after acquiring Grace Place Apartments building downtown
The housing authority is eyeing a refurbishment of the 11-story, 58-unit building, which was evacuated four days after it announced the acquisition due to a pipe burst that flooded units.
Sauer planning 780-home mixed-use development near VCC
The project would span 93 acres south of Virginia Center Commons and also include industrial, office and retail space.
No roof? No problem, for $1M real estate deal along Arthur Ashe Blvd.
The property was once part of a 20-building assemblage of similarly sized apartments throughout the Fan and Museum District that was previously owned by imprisoned local landlord Billy Jefferson.
Developer drops $7M for Manchester block
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.
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.
