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.
The year in CRE: City development recap for 2022
Commercial Real Estate
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.
Lingerfelt sells 11-building portfolio in and around Innsbrook for $119M
The portfolio includes nine of the 16 buildings that the company had owned in the area, including five properties that it had rezoned last year to allow for infill apartment developments.
Kinsale buys longtime Anthem campus near Willow Lawn
The $76 million deal gives the publicly traded insurer control of nearly all the land bound by Staples Mill Road, West Broad, Thalbro and Maywill streets, and gives it extra office space to expand out of its neighboring HQ.
Foo Dog expected to close on Main St., reopen in new Scott’s Addition food hall
The restaurant’s owner, EAT Restaurant Partners, has a deal in the works to turn over the Fan space to a new unnamed operator.
Henrico nonprofit completes $3M campus expansion project
The project ddded a new wing and new amenities to Housing Families First’s facilities at 3900 Nine Mile Road in eastern Henrico County.
Blue Bee Cider site in Scott’s Addition sells for nearly $3M
Blue Bee owner Courtney Mailey said she’s also negotiating a deal with two of her employees to sell them the business, which they would reopen on a smaller scale.
