“The redevelopment of the Diamond District site is intended to be financially self-sustaining, meaning that the new development in the Diamond District will generate enough tax revenue to pay debt service for Community Development Authority bond financing,” new city documents state.
Commercial Real Estate
Chicken Fiesta on the move again with new restaurant in Chester
Owner Harold Vega found another vacant fast food building for what will be his seventh location.
Tequila & Deadlifts owner expanding gym offerings in the Fan
The Reposado Room is dedicated to yoga, pilates and other group exercise activities, and is owner Kerith Rae’s third fitness concept in the same building.
Two Richmond-area firms trade downtown’s Berkeley Hotel for $6M
Kalyan Hospitality bought the 55-room Shockoe Slip hotel from Apple Hospitality REIT.
Chesterfield sets stage for commercial development at county airport
A conceptual plan shows a hotel, coffee shop, restaurant, gas station, bank and office space for the 20-acre site. But the county must first get approval from the FAA.
Insurance giant Humana to bring new primary care concept to Henrico
The company is rolling out its CenterWell Senior Primary Care brand nationwide. The spot near White Oak Village will be its first of six clinics in Virginia to be opened in 2023.
Developers tweak two-tower plan to preserve more of Legend’s view
The changes include shifting one of the apartment towers 81 feet to the east and 20 feet closer to the river, while adding height and decreasing length on the other, all to maintain more of the brewery’s riverfront view.
Guest Commentary: Is help finally on the way for preservation-starved Manchester?
This is the first in a series of five commentaries examining the current challenges and possibilities for preservation in fast-redeveloping areas of the city.
Local meal-prep service pivots to brick-and-mortar restaurant downtown
“I always wanted a restaurant,” said Elegant Cuizines owner Theresa Headen. “Even when I first got the keys, I was crying because I couldn’t believe it was happening.”
United Bank-owned mortgage company expands with new Mechanicsville office
George Mason Mortgage has taken over a converted home-turned-office building for its third outpost in the region.