Six months after paying $15 million for a Broad Street office building in Henrico, the investment arm of Cushman & Wakefield | Thalhimer has lured a state agency from downtown to help fill out the property.
The latest effort to coordinate economic development in Shockoe Bottom while also paying homage to the area’s history kicked off this week with the first in what’s planned to be a series of meetings and planning sessions.
With City Council’s stamp of approval, a $32 million apartment project is now set to rise on the site of an old Northside postal warehouse.
A multijurisdictional approval process has cleared the way for a conversion of a former nursing home on the Richmond-Henrico line into apartments aimed at alleviating homelessness.
Local governments in the region are in the thick of finetuning their proposed operating budgets for next fiscal year, with some tweaking their approaches to supporting business activity and economic investment more than others.
With its planned tenant bowed out of the project, the developer behind a much-scrutinized bank building rehab on Brookland Park Boulevard now must pay back $200,000 in grant funds it received from the City of Richmond, which has deemed it in default of the grant’s terms.
A push by two local businesses – a chain of coworking spaces and a men’s clothing retailer – to create two new types of ABC licenses has made its way to Ralph Northam’s desk.
Plans to relocate a state agency’s headquarters from the city to the suburbs appear to be moving forward, which could free up real estate eyed for a new baseball stadium.
Last month, a local chain of coworking venues that sought legislative help had a bill introduced to get the Virginia ABC off its back.
As the fate of one proposal to redevelop the Coliseum and surrounding area remains in apparent limbo, a local developer is offering an alternate proposal to reinvigorate the 10-block stretch of downtown.