“When I (bought it) everybody told me I was completely out of my mind,” said John Zehler, who paid $355,000 for the property in 1992. It sold this week for $1.9 million.
Commercial Real Estate
Harrisonburg retailer bags vacant Ruth & Ollie space in Carytown
The owner of Lineage and his family are packing their bags for Richmond and moving the company’s headquarters to the River City.
Thalhimer’s purchase of 3.5 acres sign of developer interest in Northside
The real estate giant spent $2.75 million to buy land in the Chamberlayne Avenue corridor, where hundreds of apartments are being planned and built.
Dormant Petersburg schoolhouse slated for $24M redevelopment
EquityPlus plans to buy Virginia Avenue Elementary School and convert it and its surrounding three blocks into 50 apartments and 45 homes.
Farmer’s market regulars to open shared retail and kitchen space in the Fan
Filipino food truck Auntie Ning’s, coffee shop Column 15 and Polpetti Catering, which sells Italian fare, are launching Market on Meadow.
Casino referendum, Southern States silos rezoning get City Council approval
A permit for a three-story building, rezoning for a building up to 12 stories, a permit for an apartment complex and a request to allow a brewer to share a gelato cafe were also OK’d.
Maryland firm buys West End retail, industrial center for $12M to diversify Richmond holdings
Feldman Bergin Properties purchased the 88,000-square-foot Deep Run Centre in Henrico, its third deal in the region in the last 12 months.
Assisted living facility near Carytown closed for ‘much needed renovations’
JF Capital, the owner of the three-story, 27,400-square-foot Windsor Senior Living building and its 2.2-acre parcel, is fielding offers for the property.
Mechanicsville coffee house owners brewing up something sweeter
Brothers Micah and Jett Odle are opening Graham’s Ice Cream at 7038 Mechanicsville Turnpike, near Mechanicsville High School, in July.
Pleasants Hardware expanding with first New Kent County store
The local chain expects to debut its ninth location in the Richmond region in October. It will replace current tenants NAPA Auto Parts and Source Auto and Hardware Supply.