Despite interest from the university, local businessman Steve Uphoff is pushing ahead with his plan for a $100 million tower next door to the under-construction Institute for Contemporary Art.
Commercial Real Estate
ABC begins search for new HQ; could free up land for new stadium
The state agency is on the hunt for a half million square feet of real estate, potentially making its current home a site for a new baseball stadium.
Richmond lawyer’s REIT continues IPO push
A local attorney’s real estate side gig has reached a milestone in its bid to raise $30 million in capital.
New office building proposed for former Interbake warehouse
A team of developers plans to construct one of Scott’s Addition’s largest new office developments in years, driven in part by the neighborhood’s growing number of residences, breweries, and food and retail options.
Sears leaving Regency Square; mall owner lays in wait
The closure would leave empty an important anchor property of the larger mall site, which is in the early stages of a reinvention by two local real estate firms.
Updated: Seminary apartments plan scores a minor victory
The city’s zoning commission has rejected an appeal by residents of Sherwood Park and Ginter Park neighborhoods aimed at halting construction of a 301-unit apartment building.
VCU bags former Broad Street fast food joint for $2.8M
Six months after dropping millions on an old Chinese restaurant building, VCU’s appetite for real estate has led it to a pizza place up the street.
Current and former tenants adjust to Scott’s Addition boom times
A surge in developer interest is forcing longtime tenants to pay higher rent, move elsewhere or adjust to the prices that come with higher-quality commercial space.
Wilton launching last phase of Henrico office park
The local real estate firm is preparing to finish off one of its earliest office park developments — and it’s doing it on spec.
‘Scott’s Addition is on fire’: More office space fills out
The planned conversion of three aging office properties on West Marshall Street into modern workspaces has topped off its first phase of leasing.