“We like the idea of doing condos there because there’s no supply and we keep anecdotally hearing about a lot of demand,” said a principal at the firm.
Commercial Real Estate
Mixed-use development in Scott’s Addition fills commercial space
One spot at The Summit was leased by a Richmond local who helped open Cabo Fish Taco in Blacksburg. The other space will be a neighborhood market.
Sale of former driving range and golf course tees up $160M development
The $7 million purchase of the former Oasis Sports Park just east of Cosby High School sets the stage for Main Street Homes to expand its development.
Camera rental shop to shutter Scott’s Addition space and move to Henrico
“Scott’s Addition over the last couple of years has changed a lot, and for a small business owner like me it hasn’t changed for the better,” said Gearhead Camera owner Max Fischer.
New yoga studio puts mat down in downtown Hopewell
The owner of SOVA Yoga Studio at 256 E. Broadway said she chose the Tri-Cities because the yoga scene isn’t as big as Richmond’s.
Rebkee reworks plans for John Rolfe Parkway site
The developer had previously proposed 225 apartments but is now planning 81 townhomes at John Rolfe’s intersection with Pump and Church roads.
Immunity research firm Aditxt to invest $31.5M in new downtown lab
The company is taking 25,000 square feet at VA Bio+Tech Park, which is reworking its plan for a new research building nearby.
Planning Commission recommends rezonings of Caravati’s, Loving sites
The redevelopment of a Manchester warehouse and a Shockoe Bottom surface lot got the green light as did a 5-story, 52-unit apartment building at 711 Dawn St.
Owner relocating Brewer’s Cafe and turning current space into juice bar
The new cafe will be much bigger, have a full bar, and include menu items from Brewer’s Waffles and Milkshakes, which closed down in February.
Five-story mixed-use building planned near Northside brewery
A former city administrator is representing the applicant in a rezoning request for 711 Dawn St., where two existing industrial buildings would be demolished.