Blackwood Development and SNP Properties got the SUPs needed to respectively move forward with building a 244-unit apartment building on Roseneath Road and transforming the former private school building into 39 residential units.
Commercial Real Estate
Virginia Rep buys Scottish Rite Temple in Northside for $3.5M
The 45,000-square-foot building, which has a 650-seat theater, a couple smaller studio stages, and a 450-seat banquet hall, will be home to the nonprofit’s Children’s Theatre.
Chesterfield County rejects permit for cannabis dispensary in Midlothian
Though Virginia has legalized the use of marijuana, county staff determined that federal illegality of cannabis prevents Chesterfield from approving a building permit for a business that intends to sell marijuana.
Spy Rock drops $5M for 2-acre Dabney Road site
The deal gives the local developer a piece of the evolving Westwood area just west of Scott’s Addition, where it’s planning a mixed-use building with 245 apartments.
Investment advisory group leaves Richmond bank to launch new firm
Dover Advisors was started in August by a foursome who had been with Atlantic Union Bank’s wealth management division.
Local couple opening new and used Lego shop near Short Pump
While a massive Lego factory takes shape in Chesterfield County, a couple is opening a much smaller spot in Henrico that’s also centered on the Danish toy company’s bricks.
Construction company buys building for new HQ near Diamond District
Fortitude Commercial Contracting, a 3-year-old firm that recently landed on the RVA 25 list of the region’s fastest-growing businesses, is taking over a building previously owned by Woodfin.
Chesterfield weighing residential reuse of former elementary school
County officials have pitched a conceptual plan for the former Matoaca Elementary School that includes apartments for seniors and single-family homes. The school closed in spring 2021.
Longtime Hardee’s on Arthur Ashe Blvd. closes
The Hardee’s just south of the Diamond District redevelopment site has gone dark after 40 years. The restaurant property was assessed at $4.2 million, of which $3.7 million is for the value of the land.
Land deals for downtown YMCA apartments give parking lot to Jefferson Hotel owner
It isn’t clear whether the lot could factor into Bill Goodwin’s plan to demolish the neighboring Second Baptist Church building.