2019 marked the 12th year that BizSense has been digging up the most valuable business news in the Richmond region.
From apartments to data centers to hotels, the region’s commercial development market experienced exceptional growth across many sectors in 2019.
Through a chance encounter and a 1031 exchange between two generations of Richmond property owners, one of the oldest buildings in Shockoe Slip and among the first to be converted to apartments has changed hands in a multimillion-dollar deal.
The biggest sale of the bunch was that of an old bank building at 1518 Hull St., which went to local developer Josh Bilder for $1.6 million. The old Lighthouse Diner building also sold.
Two brothers, graduates of UR and JMU, are bringing an X-Golf franchise to the Chesterfield shopping center. It features simulators, along with food and a full bar.
Seasoned developer Steve Leibovic is the buyer for the nearly 2-acre assemblage, which for now is home to tenants such as Gusti Restaurant Equipment & Supply.
There soon may be about 12 million reasons for a local distillery to raise a glass this holiday season.
“It’s a much-needed amenity downtown,” said developer Dave McCormack, whose Petersburg-based firm is looking to turn the industrially zoned site into a festival and events park, in the spirit of Richmond’s Brown’s Island Park.
In the face of the daily temptations of his rotisserie-chicken-centric restaurant chain, owner Harold Vega drops weight and tones up for his pursuit outside of the kitchen: a subset of bodybuilding known as competitive men’s physique.
Plans for an industrial park in central Hanover County are prompting a challenge from a neighboring subdivision, whose residents are wary of sharing a two-lane road with truck traffic that would be routed directly across from the neighborhood’s main entrance.