The events that led up to it were years in the making, but it was over the course of this year that the controversial and costly downtown development deal was revealed and unraveled.
Commercial Real Estate
Big Deals: The region’s top 10 commercial real estate deals for 2023
In the face of rising interest rates, the combined price tag of the 10 biggest real estate deals in the region this year was $759 million. That’s down more than 36 percent compared to last year’s list.
Nonprofit eyes mixed-use transformation of 2-acre Oliver Hill Way site
The site is next door to an undeveloped parcel where an out-of-town firm is planning an 84-unit housing development.
Hundreds more apartments to break ground at Regency next year
The new phase, called Rise II, is slated to take shape on a roughly 2-acre portion of a parking lot between the first phase of apartments and Starling Drive on the western side of the mall.
Hourigan, NoVA-based REIT vying for unfinished Cartograf factory in Chesterfield
Hourigan’s pre-auction offer adds to the lone bid that was received from a Fairfax-based REIT that once owned the Riverside on the James office and condo tower in downtown Richmond.
Hotel to rise beside Tom Leonard’s store in Short Pump
A 119-room TownePlace Suites by Marriott is set to rise on the site that was once floated for a Carvana “car vending machine” tower.
Four-story redevelopment in the works for Patterson-Libbie corner
The Robins family owns the property that’s been the longtime home of Westhampton Pastry Shop and also houses two gift shops.
18th-century house for sale with $2.9M downtown land listing
Enlarged from a cottage that dates to the 1780s, the solitary Woodward House along Williamsburg Road is included in the listing that’s marketing the 2-acre property for development.
Greyhound station across from The Diamond could be razed for 650-unit development
Split across a pair of seven-story buildings, the project along Arthur Ashe Boulevard would be among the highest-density developments seen in the city in recent years.
Broad St. site is again eyed for 340 apartments
The pending deal was confirmed this week by Mark Motley, whose businesses own the nearly 6-acre parcel and recently picked up a warehouse at a Southside industrial park.