Commercial Real Estate

For the second time this year, Northern Virginia-based development firm Sugar Mill Construction has put one of its Richmond project sites back on the market. 

Aurelie Capital is looking to build an eight-story apartment building on the site, which was previously approved for a six-story building with about two dozen fewer units.

Minnesota-based Super Radiator Coils is planning to add nearly 80,000 square feet to its 177,000-square-foot facility at 451 Southlake Blvd.

South Carolina-based Greystar is now part of the development team that appears to be moving ahead with a long-planned five-story apartment building at 2700 W. Leigh St.

The purchase would expand the university’s nearby academic medical center campus. It also could take the currently revenue-generating property off Richmond’s tax rolls.

“To be able to hand it off to them is a lot easier than if another company came in and bought it,” said longtime owner Gib DeShazo. “I’ve seen them grow over the years and for a lot of our clients, they are the face of Emerald.”

The first-phase farm is the start of what’s envisioned as a $300 million, multi-farm complex on a 120-acre campus in Meadowville Tech Park.

The dispute centers on county supervisors’ rejection last November of a rezoning for Summerlyn, a $27 million project by Larry Shaia and Jesse Lennon that would have been Hanover’s first 55-and-up rental community.

Charlie Diradour’s Lion’s Paw Development is planning a three-story building with 14 apartments above ground-floor commercial space on a parking lot next to the Robinson Street Starbucks.

Some of the building’s 275 apartments will offer a view of the city’s new baseball stadium, as well as eclectic amenities such as a podcast recording studio and a speakeasy that’s hidden behind a moveable bookshelf.